earnings for its fiscal H1 2020 , giving updates on both its consumer and business banking units. The results were strong in both segments, though they also highlighted areas in which the bank might be vulnerable to the rise of neobanks. Nearly 36% of Australians are using CBA as their primary financial institution . CBA counts 24.9% of the home loan market and 26.8% of the deposit market in the country.
CBA issued $19 billion in new business lending in its fiscal H1 2020 — and it is building out this unit. Comyn described the firm's value proposition and customer promise as making "business banking easier" and announced CBA will launch a fee-free business transaction account.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EY executive discusses the state of challenger banks and their future - Business InsiderAn EY exec laid out 3 things digital banks like Chime, Monzo, and N26 need to avoid while battling fierce competition in a make-or-break year
Source: BusinessInsider - 🏆 729. / 51 Read more »
Yelp's new ad products will benefit from 5G - Business Insider - Business InsiderAs carriers launch commercial 5G networks, Yelp is positioning itself to take advantage by providing ad products that leverage mobile location data
Source: BusinessInsider - 🏆 729. / 51 Read more »
Physician adoption of digital health tools spikes - Business Insider - Business InsiderAn American Medical Association study showed that physicians' use of digital health solutions increased in every category over the past three years.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Business InsiderDespite Alibaba's promising performance on the back of Single's Day 2019, the coronavirus outbreak may weaken its sales in the future $BABA vs
Source: BusinessInsider - 🏆 729. / 51 Read more »
Developers are growing frustrated with Apple's App Store rules - Business InsiderApp developers are growing wary of Apple's stringent store guidelines: 'Who's going to want to build the next giant innovative app on the platform?' So then stop catering to Apple lol Catering to apple is only a recent phenomena anyway. There was a time where hardly anything was compatable with an apple product it could be that way again. Maybe theyll finally be less popular that way
Source: BusinessInsider - 🏆 729. / 51 Read more »
How the Hyatt hotel empire started and has grown since 1957 - Business InsiderHyatt founder Jay Pritzker was working as a lawyer when he took a business trip to LA in 1957. Today, 11 members of his family are billionaires. For a second thought this was going to be the MichaelHyatt story…
Source: BusinessInsider - 🏆 729. / 51 Read more »