Commonwealth Bank posts record half-year cash profit as investors pile into housing market

CBA shares surge by 7% after bumper $5.45bn result while data shows owner-occupiers’ share of lending has decreased in tight property market

The Guardian

Looks like the #CommBank app or system is having issues right now.

#commonwealthbank
#australia
#banking

Commonwealth Bank's computer system has crashed, and taken out a great deal, including their tellers in the bank.

#CommonwealthBank
#CBA

158 more Aussie jobs axed as Bendigo Bank joins NAB, ANZ and CBA in ‘destructive’ mass redundancies: ‘Scrapheap’

Banks are cutting jobs left, right and centre across Australia and the FSU has slammed them for leaving…
#NewsBeep #News #Headlines #anz #AU #Australia #BankofQueensland #bankworkers #BendigoBank #CommonwealthBank #FinanceSectorUnion #FSU #NAB #technologyworkers
https://www.newsbeep.com/116272/

Katrina lost $50,000 to scammers – then spent two years fighting to get it back after her bank refused to bow to pressure. Instead, they made a measly offer

By AIDAN WONDRACZ, ASSISTANT NEWS EDITOR, AUSTRALIA Published: 22:04 EDT, 30 August 2025 | Updated: 22:04 EDT, 30…
#NewsBeep #News #Headlines #anz #AU #Australia #CommonwealthBank #dailymail #HSBC
https://www.newsbeep.com/94403/

Bank nimmt KI-Entlassungen zurück – Chatbot-Experiment gescheitert

Eine Bank in Australien setzte 45 Mitarbeiter zugunsten eines Chatbots auf die Straße. Öffentlicher Druck und magere Ergebnisse führten jetzt zu einem Umdenken.

heise online

#Banksters forced to rehire dozens of workers after realizing much vaunted #ChatBot replacement was not cutting the mustard with actual human customers

"We have apologized to the employees concerned and acknowledge we should have been more thorough in our assessment of the roles required," a bank spokesperson told #Bloomberg who've estimated nearly a quarter million bank #employees will be eliminated by advances in AI #bots within 3-5 yrs.

Last year #CommonwealthBank shuttered 45 branches as part of announcing the end of 600 of its banking jobs across #australia

A poll of more than 1,400 Yahoo Finance readers found 40% "hate" using #AI at #work, while 21% fear their job will soon be replaced by it. Only 7% surveyed surveyed felt their job wouldn't be affected by adoption of #ArtificialIntelligence.

https://au.finance.yahoo.com/news/commonwealth-bank-backflips-on-controversial-axing-of-dozens-of-jobs-for-ai-chatbot-massive-win-for-workers-221239241.html

https://arstechnica.com/tech-policy/2025/08/bank-forced-to-rehire-workers-after-lying-about-chatbot-productivity-union-says/

Commonwealth Bank backtracks on AI job cuts, apologises for ‘error’ as call volumes rise

The Commonwealth Bank has backtracked on dozens of job cuts, describing its decision to axe 45 roles due…
#NewsBeep #News #Headlines #AI #ArtificialIntelligence #AU #Australia #axed #CBA #CommBank #CommonwealthBank #FinanceSectorUnion #FSU #jobcuts #JobLosses #Jobs #juliaangrisano #mattcomyn
https://www.newsbeep.com/73524/

Aussie town abandoned by Bendigo Bank face $20,000 bill for 64-kilometre journey: ‘Disgraceful’

Bendigo Bank customer David Phelan is fighting against the branch closure in Yarram, which would leave the South…
#NewsBeep #News #Headlines #AU #Australia #BendigoBank #CommonwealthBank #DavidPhelan #Yarram
https://www.newsbeep.com/73175/

Commonwealth Bank posts record $10.25bn profit and reveals plan to clamp down on coal lending

Australia’s biggest bank delivers bumper payout to shareholders as CBA vows to end lending to coal companies with no net zero plans

The Guardian