News Articles for Matt Comyn

OPINION: Tougher bank lending rules will make it harder for some people to get a home loan.

Commonwealth Bank boss Matt Comyn says executing strategic priorities and maintaining strong operational performance has paved the way for a successful FY25.

Commonwealth Bank of Australia boss Matt Comyn says despite certain risks to the global economy, Australia remains an ideal place to be.

The Commonwealth Bank of Australia's cash profit grew by 2 per cent to $5.13 billion during the first half of the 2025 financial year, which was spurred on by volume growth in key businesses.

Australia's biggest bank made $5 billion in profit in the first half, down three per cent from a year ago, in a result one analyst branded as "lukewarm."

Australia's biggest bank says there was just a modest increase in late payments in the September quarter, despite the impact of higher interest rates.

Prime Minister Anthony Albanese is hoping his Indian tour fares better than the Australian cricket team as he goes into bat for a stronger economic partnership.

Australia's biggest lender has lifted its half-year cash profit by 9 per cent and lifted interim dividend by 20 per cent to $2.10 a share.

Commonwealth Bank says its cash net profit after tax in the September quarter was up 13 per cent from the same time a year ago.

Australia's biggest lender has lifted its annual profit by 11 per cent and declared a final dividend of $2.10 a share.

CBA has flagged an additional $2 billion share buyback after first-half profit jumped 26 per cent to $4.7 billion.

Our weekly appointments wrap includes Meriel Steadman, Ben Gargett, Krista Bates, Emma Ramage, Christina Matthews, John Olynyk, Cathy Falkiner, Rob Scott, Mike Henry, Matt Comyn and Jeremy Taylor.

Commonwealth Bank has announced a $6 billion share buyback and lifted dividends after improving economic conditions helped it post a robust rise in full-year profit.

Commonwealth Bank of Australia chief executive Matt Comyn says his bank stands ready to assist customers with over half the population now in lockdown.

The Commonwealth Bank has bought stakes in an online shopping group and power retailer as it tries to keep pace with innovative online rivals.

The heads of Australia's two largest banks are more than happy to talk about how they are assisting customers who may still be suffering hardship after last year's recession.

Commonwealth Bank has been named official partner of the national women's football team under a new deal with Football Australia.

Commonwealth Bank chief Matt Comyn is not worried about a housing price bubble forming from low rates, saying buying is different to the previous boom.

UPDATED: Commonwealth Bank boss Matt Comyn expects scrutiny and regulatory concerns to increase for buy now, pay later providers.

Commonwealth Bank of Australia boss Matt Comyn says the lender entered the coronavirus pandemic in a very strong position but has been impacted nonetheless.

Commonwealth Bank is setting aside $1.5 billion for potential defaults on account of COVID-19-related shutdowns and will sell a majority stake in its Colonial First State wealth management unit, as it braces for an economic slowdown and falls in house prices.

Commonwealth Bank of Australia has further bolstered its coronavirus support for home loan and credit card customers.

Commonwealth Bank of Australia's mortgage lending surge has underpinned an expectation-defying first-half result, even as the lender feels the heat from regulatory costs and a bushfire-related rise in loan impairments.

Commonwealth Bank of Australia will make an $83 million provision for insurance claims from the recent bushfires across the country.

Commonwealth Bank of Australia has renegotiated the sale of its CommInsure life insurance business to Hong Kong-based AIA for a reduced $2.375 billion.

Commonwealth Bank of Australia's provisioning for customer remediation and responding to the royal commission has passed $2 billion after the lender set aside another $714 million in the third quarter.

Commonwealth Bank of Australia's first-half cash profit has fallen 2.1 per cent to $4.676 billion, weighed down by Australia's slowing property markets.

Some of Australia's bank chiefs remain unwilling to accept responsibility for poor conduct, royal commissioner Kenneth Hayne says.

More than 10,000 Commonwealth Bank customers have responded to chief executive Matt Comyn's request for feedback on how the bank does business.

The state government is set to receive nearly $190 million by selling its stake in online settlements company Property Exchange Australia.

Commonwealth Bank will sell its asset management arm to Mitsubishi UFJ Financial Group for $2.9 billion in a surprise sale, the latest business to be sold by an Australian financial giant amid unprecedented regulatory scrutiny.

Commonwealth Bank chief executive Matt Comyn has spoken face-to-face with customers affected by the kind of misconduct revealed at the banking royal commission.

Bankwest has posted a $681 million net profit for the 2018 financial year on the back of increased lending and a reduction in bad loans relative to 2017.

Commonwealth Bank will demerge and list its wealth management and mortgage broking businesses, with its CommInsure insurance unit possibly next on the chopping block.