CommBank reverses refusal to refund $68m in excessive fees for low-income earners

The Commonwealth Bank of Australia will refund low-income earners receiving Centrelink payments approximately $68 million in ...

Commonwealth Bank convinced regulator to delay news it was breaking spam laws until after AGM

The Commonwealth Bank persuaded a key regulator to delay announcing it had broken spam laws until after its AGM, new ...

Commonwealth Bank to refund just a fraction of $270m in ‘excessive’ fees

Commonwealth Bank has quietly announced it will now refund low-income customers it charged excessive fees, despite chief ...
American Banker

Australia's CommBank looks to the U.S. for AI expertise

With banks battling to embrace new forms of artificial intelligence, Commonwealth Bank of Australia is turning to one of the global hot spots for the emerging technology. Processing Content CommBank ...

CommBank Reverses Course: $68 Million Refund for Low-Income Earners

In a significant turnaround, Commonwealth Bank has announced it will refund $68 million to low-income earners who were wrongfully charged excessive bank fees. This decision comes after scrutiny from ...

Commonwealth Bank launches $2 banking ‘first’ for millions of Aussies as major catch revealed

Commonwealth Bank customers can now invest within their bank app from $2, with Krish Waje (right) saying you don't need as ...
ZDNet

How CommBank is training its machine learning Customer Engagement Engine

The Commonwealth Bank of Australia (CBA) has built a Customer Engagement Engine it has touted as powering customer experience through the use of artificial intelligence (AI) and machine learning. The ...
ZDNet

CommBank to launch new machine learning-backed banking app

The Commonwealth Bank of Australia (CBA) has announced a trial of a redesigned banking app that it says has been backed by "world-leading" machine learning, data analytics, and behavioural science.

Commonwealth Bank, NAB make bombshell 2026 RBA interest rate hike call: 'Prepare'

Commonwealth Bank economists say a February hike will be needed to ensure inflation returns to the mid-point target band by the end of 2027. RELATED. Single phone call saves Aussi ...

Commonwealth Bank to Repay $68 Million in Goodwill Refunds: A Resolution to Customer Fee Controversies

In a significant move, the Commonwealth Bank of Australia has announced it will repay $68 million in goodwill refunds to customers who were mistakenly placed in high-fee accounts. This decision marks ...
CoinDesk

World Bank, CommBank Team Up for 'World First' Blockchain Bond Transaction

The World Bank and the Commonwealth Bank of Australia (CommBank) have teamed up to enable recording of secondary market bond trading using blockchain tech. The institutions announced Wednesday that ...
The Business Journals

Additional presence in Cincinnati confirms First Commonwealth Bank’s commitment to market

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. First Commonwealth Bank’s recent acquisition of the ...