The boss of Australia’s biggest bank has come out swinging after a $15 billion bloodbath that has hit more than 10 million Aussies.
Commonwealth Bank’s chief executive is using his position of strength to navigate the “inflection point” he says will change the economy.
Matt Comyn’s investment in the company was a way of playing defence and offence as buy now, pay later exploded. Six years on, the strategy looks strong.
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Commonwealth Bank's fiscal 2025 profit increased 4% to a record AUD 10.3 billion. Loan growth of 4% and improved net interest margins, or NIMs, more than offset 6% expense growth. Lower loan ...
The ASX has fallen 0.61pc in trade today despite 6 of 11 sectors gaining, pushed lower by losses in heavyweight Commonwealth Bank.
CommBank owned 19.3 million Klarna shares, worth around A$1.17bn (US$772m) at the IPO price, selling 8% of its stake in the ...