Commonwealth Bank of Australia

CBA

AU000000CBA7

Banks

Market Closed - Australian S.E. Other stock markets 02:10:44 2024-04-19 am EDT			5-day change	1st Jan Change
111.9 ^AUD	-0.77%		-4.24%	+0.05%

04:54pm	Week Ahead for FX, Bonds : U.S. Economic Data, BOJ Decision in Focus	DJ
11:45am	Australian Dollar Risks Falling to 0.6270 on Mideast Tensions, CBA Says	MT

Commonwealth Bank of Australia : Australia's CBA says court approves rate-manipulation settlement

June 20, 2018 at 10:59 pm EDT

(Reuters) - Commonwealth Bank of Australia (CBA) said on Thursday the federal court had approved its settlement with the Australian Securities and Investments Commission (ASIC) in relation to allegations it manipulated the bank bill swap rate (BBSW).

CBA reached the settlement with the regulator in May, in which it admitted that it engaged in "unconscionable conduct" in the course of trading on the BBSW market in Australia on five occasions from February through June 2012.

The regulator filed a lawsuit in 2016 alleging three of Australia's biggest lenders had rigged the BBSW for profit from 2010 through 2012, and in January this year started legal proceedings against CBA over the allegations.

The bank agreed to pay a A$5 million (2.81 million pounds) penalty, A$15 million to a financial consumer protection fund and A$5 million towards the regulator's costs.

On Wednesday, CBA said the federal court approved a settlement of civil proceedings related to money laundering charges.

Shares of the bank were up 1.3 percent on Thursday, in line with a largely positive market <.AXJO>.

(Reporting by Ambar Warrick in BENGALURU; Editing by Stephen Coates and Christopher Cushing)

Latest news about Commonwealth Bank of Australia

Week Ahead for FX, Bonds : U.S. Economic Data, BOJ Decision in Focus	10:54am	DJ
Australian Dollar Risks Falling to 0.6270 on Mideast Tensions, CBA Says	05:45am	MT
Australian Dollar Lags Other Currencies after March Employment Falls	Apr. 18	MT
Australian shares follow Wall Street lower, commodity stocks top drag	Apr. 15	RE
News Highlights : Top Financial Services News of the Day - Monday at 11 AM ET	Apr. 08	DJ
EMEA Morning Briefing : Doubts Creep in Over Fed Rate Cuts	Apr. 08	DJ
Banks, real estate pull Australian shares down over 1% as US rate cut bets ease	Apr. 03	RE
Australia, NZ dlrs struggle as US rate cut hopes fade, bonds stumble	Apr. 02	RE
Suncorp Group Planning Capital Note Offer	Apr. 01	MT
European Midday Briefing : Stocks Struggle as Inflation Data Awaited	Mar. 27	DJ
North American Morning Briefing : Stocks Edge Higher But Investor Caution Caps Gains	Mar. 27	DJ
EMEA Morning Briefing : Stocks Seen Lower; Investors Await Fresh Data for Rate Cut Cues	Mar. 26	DJ
Banks, real estate stocks drag Australian shares lower ahead of data-heavy week	Mar. 25	RE
Australia, NZ dollars bounce on yuan turnaround	Mar. 24	RE
GSS UK Services Limited announced that it has received £37 million in funding from The Cynosure Group, AlixPartners, LLP, Mitsubishi UFJ Financial Group, Inc., Commonwealth Bank of Australia	Mar. 24	CI
Limited competition for personal banking services in New Zealand, report says	Mar. 20	RE
Australia, NZ dollars find support after slide, China data a positive	Mar. 18	RE
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EMEA Morning Briefing : Stock Futures Lower as Fed Cut Hopes Weaken	Mar. 15	DJ
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Inflation uptick unlikely to derail a Federal Reserve cut later this year.	Mar. 13	DJ
EMEA Morning Briefing : Stocks May Struggle as Earnings, U.K. Data Awaited	Mar. 13	DJ
Commonwealth Bank Issues $1.25 Billion of Subordinated Notes	Mar. 12	MT
Australia shares end flat as energy stocks offset gains in gold, financials	Mar. 12	RE
Banks drive Australian shares to record high on firming rate-cut bets	Mar. 08	RE

Chart Commonwealth Bank of Australia

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Company Profile

Commonwealth Bank of Australia is a provider of integrated financial services. The Company provides retail and commercial banking services predominantly in Australia and in New Zealand through its subsidiary, ASB. It serves approximately 16 million customers. The Company's segments include Retail Banking Services, Business Banking, Institutional Banking and Markets and New Zealand. Retail Banking services provides banking and general insurance products and services to personal and private bank customers. Business Banking serves the banking needs of business, corporate and agribusiness customers across the full range of financial services solutions, as well as providing equities trading and margin lending services through the CommSec business. Institutional Banking and Markets serves the commercial and wholesale banking needs of large corporate, institutional and government clients. New Zealand includes the banking and funds management businesses operating under the ASB brand.

Sector

Banks

Calendar

2024-08-13 - Q4 2024 Earnings Release

Related indices

S&P/ASX 200

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Ratings for Commonwealth Bank of Australia

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ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

SELL

Number of Analysts

Last Close Price

111.9 AUD

Average target price

92.02 AUD

Spread / Average Target

-17.74%

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