Commonwealth Bank of Australia

The Commonwealth Bank subsidiary plans to close its 14 east coast branches and reduce opening hours at 29 regional branches in Western Australia.

The nation’s central bank has reacted to concerns about the pace of interest rate rises with a softer-than-expected decision, lifting the official cash rate 25 basis points to be 2.6 per cent.

The central bank has shifted gears and moderated its rate hikes, with some economists concerned this could prolong the rate hiking cycle.

The local share market is slightly higher this morning, with gains by the big banks outweighing losses by the mining and energy sectors.

The court has dismissed property developer Luke Saraceni’s appeal against Commonwealth Bank of Australia over the $500 million Raine Square project.

Commonwealth Bank says its cash net profit after tax in the September quarter was up 13 per cent from the same time a year ago.

The cash rate has hit its highest level since December 2012, with a $500,000 home loan now costing $880 more per month than before the hikes started in May.

The eighth interest rate hike in a row has been met with indifference by consumers, with households likely banking on a pause at the next Reserve Bank meeting.

A series of cash rate hikes by the central bank has not dented Australia’s job market, with unemployment in WA at 3.5 per cent.

APM Human Services has secured a further $200 million debt facility, taking its total debt to over $1 billion, after entering a series of acquisitions.

Generation Z employees were among the least aware of cyber security threats despite having grown up in the digital age, a report finds.

Australian consumers have continued to favour Woolworths after the retail giant was reported as the nation’s most valued brand at $16.2 billion.

Perth has suffered its worst inflation in 32 years in 2022, with a big jump in the December quarter. Plus: Perth's biggest price rises in 2022.

The results of a new survey could blunt other states’ attacks on WA’s GST share.

As the Reserve Bank board prepares to announce an expected 25 basis point rise in the cash rate, figures show Australian trade surplus slipping.

It doesn't stop: The RBA signals rate hikes will continue in the months ahead, as observers declared the central bank's stance had become even tougher.

Australia's biggest lender has lifted its half-year cash profit by 9 per cent and lifted interim dividend by 20 per cent to $2.10 a share.

Western Australia has recorded the largest drop in retail sales in December compared to other states and territories, according to the latest monthly retail turnover data released by the Australian Bureau of Statistics.

There are hopes the RBA will slow its rate hikes, with the central bank today saying inflation had passed its peak as it lifted the cash rate to 3.6 per cent.

The national unemployment rate has stayed put at 3.5 per cent while Western Australia recorded a modest uptick in the number of people in work.

The turnaround in the property market, the strong jobs market and an interest rate pause has done little to lighten the load felt by consumers.

Mining giant BHP has revealed nearly 30,000 current and former staff have lost leave and pay entitlements over the past 13 years in one of Australia’s largest case of employee underpayment.

Bankwest will close its Subiaco branch after more than 60 years in what is another blow to the bank’s locations across the county.

The official labour data has proved resilient but is expected to start responding to worsening domestic economic conditions later in the year.

Wages growth in Western Australia has outpaced other states and territories, according to the latest data from the Australian Bureau of Statistics.

Australia's biggest bank says there was just a modest increase in late payments in the September quarter, despite the impact of higher interest rates.

Australia's biggest bank made $5 billion in profit in the first half, down three per cent from a year ago, in a result one analyst branded as "lukewarm."

Bankwest will close all branches and undertake a major redeployment of staff to ensure the 129-year-old bank can remain competitive in the digital age.

Treasurer Rita Saffioti and the Finance Sector Union have hashed out concerns over the impending closure of Bankwest branches and hundreds of job cuts.

Australia’s big four banks will face a parliamentary grilling this week, including questions over ANZ’s alleged manipulation of the bond market.

Long-running Perth-based retailer Betts Group is continuing to struggle, with the business incurring its fourth loss in seven years, while annual sales have halved over the same period.

A dispute over Raine Square has returned to court, with Commonwealth Bank launching legal action against Luke Saraceni-directed company's financier for more than $30 million.

Commonwealth Bank has paused its “kick in the guts” move to charge a $3 fee on in-branch and online transfers for some customers after a pile on from across the political isle.

The Reserve Bank of Australia has held the cash rate steady at 4.35 per cent as expected but economists have noted a shift in the board's tone.

Gary McGrath has overseen a significant restructuring of Bankwest’s operations in his role at CBA.

A surge in jobs in December has economists split over whether the Reserve Bank is likely to cut rates in February, with some predicting a cut may not come until the second quarter of the year.

The Commonwealth Bank of Australia's cash profit grew by 2 per cent to $5.13 billion during the first half of the 2025 financial year, which was spurred on by volume growth in key businesses.

The Reserve Bank of Australia has cut the cash rate for the first time since November 2020, but governor Michele Bullock has warned the inflation fight isn’t over.

Bankwest's new 'just enough bank' slogan seems to have taken a literal turn as it lays off 130 roles just two days after unveiling the new digital-only branding.