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Commonwealth Bank of Australia (CBA.AX)

CBA.AX on Australia Stock Exchange

81.46AUD
16 Dec 2019
Change (% chg)

$1.40 (+1.75%)
Prev Close
$80.06
Open
$80.50
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$81.50
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$80.21
Volume
3,266,776
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2,832,111
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$83.99
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$67.55

Latest Key Developments (Source: Significant Developments)

Commonwealth Bank Of Australia Provides Employee Entitlements Review Update
Friday, 13 Dec 2019 

Dec 13 (Reuters) - Commonwealth Bank of Australia ::EMPLOYEE ENTITLEMENTS REVIEW UPDATE.REVIEW HAS EXAMINED PAY AND A BROAD RANGE OF ENTITLEMENTS FOR CURRENT AND FORMER FULL TIME, PART TIME AND CASUAL EMPLOYEES BACK TO 2010..CBA EXPECTS REMAINING PAYMENTS TO BE APPROXIMATELY $25M PLUS INTEREST.TO DATE, CBA HAS NOTIFIED OR REPAID APPROXIMATELY 41,000 CURRENT AND FORMER EMPLOYEES WITH $13.2M OF BACK-PAY PLUS INTEREST.REVIEW IS SUBSTANTIALLY COMPLETE AND WILL BE FINALISED THIS FINANCIAL YEAR..CBA WILL COMMENCE PAYMENTS OF A FURTHER $14.9M PLUS INTEREST NEXT WEEK.WHERE APPLICABLE, LEAVE BALANCES HAVE BEEN INCREASED AND ADDITIONAL SUPERANNUATION CONTRIBUTIONS PAID."IT IS UNACCEPTABLE THAT SOME OF OUR PEOPLE WERE NOT PAID CORRECT ENTITLEMENTS".  Full Article

APRA Updates On Capital Requirement For First Home Loan Deposit Scheme Mortgages
Monday, 9 Dec 2019 

Dec 9 (Reuters) - Australian Prudential Regulation Authority::RESPONDS TO SUBMISSIONS ON THE CAPITAL TREATMENT OF FIRST HOME LOAN DEPOSIT SCHEME MORTGAGES.TO PERMIT AUTHORISED DEPOSIT TAKING INSTITUTIONS USING STANDARDISED APPROACH TO CREDIT RISK TO APPLY LOWER CAPITAL NEED TO ELIGIBLE MORTGAGES.NOT PROPOSING ADJUSTMENTS TO INTERNAL RATINGS-BASED CAPITAL REQUIREMENTS FOR FHLDS MORTGAGES.  Full Article

Australian Prudential Regulation Authority Proposes Major Uplift In Transparency Around Banking Data
Thursday, 5 Dec 2019 

Dec 5 (Reuters) - Australian Prudential Regulation Authority ::AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY PROPOSES MAJOR UPLIFT IN TRANSPARENCY AROUND BANKING DATA.PROPOSED TO INCREASE VOLUME & BREADTH OF DATA IT MAKES PUBLICLY AVAILABLE ON AUTHORISED DEPOSIT-TAKING INSTITUTIONS.OUTLINED PLANS TO DETERMINE THAT DATA COLLECTED FOR QTRLY ADI PUBLICATIONS MUST BE CONSIDERED NON-CONFIDENTIAL, ALLOWING IT TO BE PUBLISHED.FROM 2020, APRA PROPOSES PUBLISHING ENTITY-LEVEL ADI DATA RELATED TO CURRENTLY PUBLISHED INDUSTRY-LEVEL QUARTERLY DATA.FROM 2020, PROPOSES PUBLISHING COMMENTARY RECEIVED BY APRA FROM INDIVIDUAL ADIS EXPLAINING MATERIAL REVISIONS TO/LARGE MOVEMENTS IN, THEIR DATA.  Full Article

Commonwealth Bank Of Australia Notes Release By Reserve Bank Of New Zealand
Thursday, 5 Dec 2019 

Dec 5 (Reuters) - Commonwealth Bank of Australia ::NOTES RELEASE BY RESERVE BANK OF NEW ZEALAND (RBNZ) ON FINAL CAPITAL REQUIREMENTS APPLICABLE TO BANKS IN NEW ZEALAND.CBA'S LEVEL 2 CET1 RATIO AS AT 30 SEPTEMBER 2019 WAS 10.6% AND WILL NOT BE AFFECTED BY REQUIREMENTS.CBA IS WELL PLACED TO MEET CHANGES.WILL CONSIDER WAYS TO MINIMISE FINANCIAL IMPACT FROM REQUIREMENTS.NOTING THAT A SIGNIFICANT INCREASE IN CAPITAL ULTIMATELY INCREASES COST OF PROVIDING LOANS TO CUSTOMERS.ASB WILL REQUIRE AN ADDITIONAL NZ$3BN IN TIER 1 CAPITAL BY 1 JULY 2027.AS AT 30 SEPTEMBER 2019, CBA'S LEVEL 1 CET1 RATIO WAS 11.0%."WELL PLACED TO MEET CHANGES".EQUITY INJECTION OF ADDITIONAL CAPITAL INTO ASB OVER TRANSITION PERIOD WOULD RESULT IN A REDUCTION IN CBA'S LEVEL 1 CET1 RATIO OF ABOUT 30BPS.  Full Article

Australia's ASIC Convicts Comminsure For Hawking Offences
Thursday, 28 Nov 2019 

Nov 28 (Reuters) - Australian Securities and Investments Commission::COMMINSURE CONVICTED OF 87 COUNTS OF HAWKING OFFENCES.COMMINSURE WAS FINED $700,000.  Full Article

CBA Updates On CDPP Proceedings Against CommInsure
Tuesday, 19 Nov 2019 

Nov 19 (Reuters) - Commonwealth Bank of Australia ::UPDATES ON CDPP PROCEEDINGS AGAINST COMMINSURE.COLONIAL MUTUAL LIFE ASSURANCE SOCIETY PLEADED GUILTY TO 87 ALLEGED CONTRAVENTIONS OF ANTI-HAWKING PROVISIONS OF CORPORATIONS ACT 2001.PENALTIES WILL BE DETERMINED ON 28 NOVEMBER, 2019.  Full Article

ASIC Says CommInsure Pleads Guilty To Hawking Offences
Tuesday, 19 Nov 2019 

Nov 19 (Reuters) - Australian Securities and Investment Commission: :COMMINSURE PLEADED GUILTY TO 87 COUNTS OF OFFERING TO SELL INSURANCE PRODUCTS THROUGH UNSOLICITED TELEPHONE CALLS.COMMINSURE WILL BE SENTENCED AT LATER TIME.  Full Article

Commonwealth Bank Of Australia Confirms Issue of Commbank Perls XII Capital Notes
Thursday, 14 Nov 2019 

Nov 14 (Reuters) - Commonwealth Bank of Australia ::ON 14 NOVEMBER 16,500,000 COMMBANK PERLS XII CAPITAL NOTES WERE ISSUED AND ALLOTTED TO SUCCESSFUL APPLICANTS.APPLICATION PRICE OF A$100 EACH, RAISING A$1.65 BILLION.PERLS XII ARE EXPECTED TO COMMENCE TRADING ON ASX UNDER TRADING CODE "CBAPI".  Full Article

Commonwealth Bank Of Australia Posts Qtrly Unaudited Cash Net Profit $2.3 Bln
Tuesday, 12 Nov 2019 

Nov 12 (Reuters) - Commonwealth Bank of Australia ::QTRLY UNAUDITED CASH NET PROFIT $2.3 BILLION.QTRLY UNAUDITATED STATUTORY NET PROFIT $3.8 BILLION.AS AT SEPT 30, COMMON EQUITY TIER 1 RATIO 10.6% .QTRLY LOAN IMPAIRMENT EXPENSE OF $299M.REMAINS WELL PLACED IN CHALLENGING OPERATING ENVIRONMENT, CHARACTERISED BY GLOBAL MACRO-ECONOMIC UNCERTAINTY & HISTORICALLY LOW INTEREST RATES.GROUP'S QTRLY NET INTEREST MARGIN WAS LOWER THAN JUNE 2019.TROUBLESOME AND IMPAIRED ASSETS INCREASED TO APPROXIMATELY $8.1BN IN SEPT.QTRLY NET INTEREST MARGIN LOWER DUE TO HEADWINDS FROM LOW INTEREST RATE ENVIRONMENT, WHICH WILL CONTINUE TO IMPACT MARGINS IN FUTURE PERIODS.  Full Article

CBA Acknowledges Class Action Filed By Slater And Gordon Against Colonial First State
Friday, 18 Oct 2019 

Oct 18 (Reuters) - Commonwealth Bank of Australia ::CBA ACKNOWLEDGES CLASS ACTION PROCEEDINGS FILED BY SLATER AND GORDON AGAINST COLONIAL FIRST STATE INVESTMENTS LIMITED.CBA AND CFSIL ARE REVIEWING CLAIM AND WILL PROVIDE ANY UPDATE AS REQUIRED..CLASS ACTION RELATES TO CERTAIN FEES CHARGED TO MEMBERS OF COLONIAL FIRST STATE FIRSTCHOICE SUPERANNUATION TRUST.  Full Article

UPDATE 1-Australia's CBA to pay $17 million to underpaid workers

Dec 13 Commonwealth Bank of Australia on Friday said it would pay an additional A$25 million ($16.97 million) to current and former employees who were found in a review to have been underpaid, and its chief executive apologised for "past errors." "To date, CBA has notified or repaid approximately 41,000 current and former employees with A$13.2 million of back-pay plus interest. CBA will commence payments of a further A$14.9 million plus interest next week," CBA said in an exchange fi