Commonwealth Bank of Australia
Commonwealth Bank of Australia provides retail and commercial banking services in Australia, and in New Zealand through its subsidiary, ASB Bank Limited (ASB).
The business
Commonwealth Bank of Australia provides retail and commercial banking services in Australia, and in New Zealand through its subsidiary, ASB Bank Limited (ASB). Its segments include Retail Banking Services, Business Banking, Institutional Banking and Markets, New Zealand, and Corporate Center and Other. Retail Banking Services provides banking products and services to personal and private bank customers, helping them to manage their everyday banking needs, buy a home or invest in the future. Business Banking serves the banking needs of business, corporate and agribusiness customers across the full range of financial services solutions. It also provides equities trading and margin lending services through the CommSec business. Institutional Banking and Markets offers a full range of domestic and global financing and banking services to institutional and government clients. New Zealand includes the banking and funds management businesses operating in New Zealand under the ASB brand.
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Latest news
Market Wrap: September Swoon Continues As Higher Rates And Oil Depress Prices
ASX 200 slips 0.4% to 8,665 as September deepens amid higher rates and oil spike; tech falls, staples edge higher amid market rout.
Weekly Wrap: Geopolitical Relief and Rate Hopes Spark Late Week Rebound for the ASX
ASX rebounds late week: easing rate fears and Persian Gulf peace hopes power a 0.41% Friday rise, after a 7-week low.
Market Wrap: Market Sharply Weaker As War Hostilities Resume
ASX 200 plunges 1.5% on renewed US-Iran hostilities as oil spikes over $100; banks and energy hammered, Tabcorp shares dive 14%.
Weekly Wrap: Strong Week Despite Late Fade
ASX up 4.4% for the week; strongest since Oct 2022, despite Friday fade. Magellan-Barrenjoey merger approved; Telix jumps on US regulator nod; Iran talks ahead.
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