Commonwealth Bank of Australia News
The Commonwealth Bank of Australia is a multinational bank with businesses in United Kingdom, United States, New Zealand and some Asian countries. The Commonwealth Bank of Australia was established as a governmental bank in 1911 but was fully privatized in 1996. It is headquartered in Sydney, Australia. It has divisions in retail banking services, business and private banking, institutional banking and markets, international financial services and wealth management. The Commonwealth Bank of Australia’s stock prices steadily grew since its privatization until the crisis of 2008, when it went down to a price similar to that of 2002. It recovered pretty quickly and the Commonwealth Bank of Australia’s stock reached its historical high in March 2015, when its price was close to 96 Australian dollars. The Commonwealth Bank of Australia’s NetBank is considered to be the best online bank in Australia and is available via web services and mobile applications.
This marks the second “Big Four” bank in Australia to launch an Australian-dollar pegged stablecoin in a bid to boost the digital economy.
Aussie ‘Big 4’ bank mints stablecoin for carbon trading and remittances
Leigh Travers feels that a change in Australia’s government could slow down work on crypto regulations that could prove that the industry is already operating a...
Binance Australia CEO: Regulations will establish higher standards in crypto
Executives from two of Australia’s “big four” banks have said they won’t allow their retail customers to trade crypto with ANZ, adding they’re happy they didn’t...
Aussie banks ANZ and NAB won’t ‘endorse’ retail speculation on crypto
Commonwealth Bank of Australia CEO Matt Comyn insists his bank will move forward with the second pilot of crypto services on its app once regulatory uncertainty...
Commonwealth Bank puts crypto trading trial on ice as regulators dither
“Most of the industry utilizes non-bank and often unregulated USD stablecoins. Now with this Big 4 bank-issued AUD stablecoin, the use case is a lot more compel...
A$DC rocks the Aussie dollar as ANZ bank mints first AUD stablecoin
On partnering with the NRL, the CEO said the “mass appeal of sport means it’s a ... important way for exchanges to announce themselves.”
Swyftx signs major sponsorship deal with Aussie National Rugby League
Following Treasurer Josh Frydenberg’s “payments and crypto reform plan,” the RBA has published a report exploring DLT tech and wholesale CBDC issuance.
Australian Reserve Bank’s ‘Project Atom’ CBDC research finds numerous benefits