commonwealth bank - News, Features, and Slideshows

News

• Business performance will dictate IT salaries in 2011: Gartner

  IT leaders can increasingly expect to have their pay tied to the financial performance of their organisation, according to Gartner.

• Aus stocks end flat on interest rate hike

  The market reacted with hesitation to the RBA's 25-point rise in interest rates today, resulting in a relatively flat day's trade

• Comment: Asset life cycle optimisation: a salient lesson

  The recent news that the Commonwealth Bank had written down its investment in Victoria's Hazelwood Power Station to only $1 million would certainly have shocked its owners, International Power, which paid $2.35 billion for the plant in 1996.
  

• Commonwealth Bank prices dividend

  Commonwealth Bank of Australia (ASX:CBA) will pay out a $1.70 per share dividend on October 1, and purchase shares under the dividend reinvestment plan at $51.75 per share

• Digislide expects to stave off wind-up action

  Shares in Digislide (ASX:DGI) have slumped 20% on the news banker CBA (ASX:CBA) is pursuing court action over a wind-up of the company, despite Digislide's assurances that a settlement is close

• CommBank IT spend passes $1 billion

  The Commonwealth Bank of Australia's technology spend rose 12 per cent over the past financial year to shoot past the $1 billion mark, with spending in almost all technology areas increasing.

• BankWest sees success with in-house social networking

  BankWest has revealed details of its internal social networking service, IdeaBank, with the platform resulting in more collaboration and innovation.

• ASX 200 down almost 2%

  The ASX200 was down 77 points to 4268 at noon, a drop of 1.8%. The slump mirrors drops on Wall Street and European exchanges overnight.

• CommBank launches whole of bank intranet

  The Commonwealth Bank has deployed a new intranet that focuses on social networking and collaboration.

• ASX down 155 points

  Market tumbles 3.5% on negative lead from Europe, US

• ASX up 66 points, mining flat

  At 2pm the ASX200 was up 66 points – a rise of 1.5%

• ASX down another 110 points

  As expected the Australian bourse is in free fall this morning, dropping 110 points, or 2.6% to 4207.

• Customer service key to the future of banking: CIOs

  Mobility, security and outsourcing top the list of technology priorities in the finance sector, according to a panel of IT leaders from ANZ, CBA and Greater Building society.

• WA and ACT strongest economies in Aus: ComSec

  NSW remains in last position

• Banks Bounce Back

  Buyers were out in force today, snapping up stocks that looked oversold in the calm light of a new week and a positive lead from Wall Street.