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Australian banks' $57b plunge makes CBA, NAB, ANZ, WBC look more like... banks
2015-05-27 12:26:49| Automakers - Topix.net
Valuations on a gauge of the nation's lenders are near the cheapest relative to the global average since January 2013. Just two months ago, they traded at the biggest premium since Bloomberg began compiling the data in 2005.
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CBA leads $40 billion wipe-out in the ASX 's biggest rout in two years
2015-05-06 10:08:03| Grocery - Topix.net
Commonwealth Bank, which fell nearly 6 per cent, and Woolworths were responsible for more than a third of the loss on the ASX200 in a "very tough day" for investors. Australian shares lost close to $40 billion in value in their biggest slump since February 2013, as poor profit results from Commonwealth Bank and Woolworths sparked a major bout of selling in the banking and consumer staples sectors and throughout the broader market.
CBA leads $40 billion wipe-out in the ASX 's biggest rout in two years
2015-05-06 10:03:25| Automakers - Topix.net
Commonwealth Bank, which fell nearly 6 per cent, and Woolworths were responsible for more than a third of the loss on the ASX200 in a "very tough day" for investors. Australian shares lost close to $40 billion in value in their biggest slump since February 2013, as poor profit results from Commonwealth Bank and Woolworths sparked a major bout of selling in the banking and consumer staples sectors and throughout the broader market.
Australian bank CBA posts flat profit
2015-05-06 03:57:49| BBC News | Business | UK Edition
Commonwealth Bank of Australia posts a flat cash profit of about 2.2bn Australian dollars ($1.74bn; 1.15bn) for the three months to March compared to a year earlier.
CBA says deposit tax may be passed on to customers
2015-04-01 05:55:42| Automakers - Topix.net
The May budget is set to introduce a $500 million tax on deposits to cover the governments' costs for a bail-out. The Commonwealth Bank of Australia said it backs the financial system inquiry's recommendation that deposit insurance only be paid for after any bank collapse.