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.
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
Brian Newar
“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
Brian Quarmby
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
Brian Quarmby
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
Brian Quarmby
“Our main concern is that many taxpayers believe their cryptocurrency gains are tax-free or only taxable when the holdings are cashed back into Australian dolla...
Australian Tax Office says it can’t rely on crypto users’ own records
Brian Quarmby
“It’s still a very volatile investment, so any allocation exposure we make to cryptocurrencies is likely to be part of our diversified portfolio,” said Rest Sup...
Australia’s Rest Super retirement fund to invest in crypto for its 1.8M members
Brian Quarmby
“We see risks in participating, but we see bigger risks in not participating,” said CBA CEO Matt Comyn on the bank’s recent crypto adoption play.
Commonwealth Bank of Australia recognizes risks in missing out on crypto
Brian Quarmby
“When you look under the hood on that, we've concluded that this is a major protocol shift for financial market infrastructure,” said Nigel Dobson, ANZ’s bankin...
ANZ bank executive: The ‘weight of money’ means crypto can’t be ignored
Brian Quarmby

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