CommBank emerges with multi-billion dollar profit
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The Commonwealth Bank is bringing in sophisticated technology to fight back against ever evolving scammers. Customers will get an alert through their app to verify if a call is real. A new 'NameCheck' feature will scrutinise whether account details are right before money is transferred. Australians lost a staggering $4 billion to scams last year. 7NEWS at 6pm. More local news: 7news.com.au/news/sydney #Scams #7NEWS | 7NEWS Sydney
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30K views · 318 reactions | Commonwealth Bank is urgently working to resolve an error after receiving hundreds of customer complaints about their money being stolen. | Sky News Australia | Facebook
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39K views · 494 reactions | Commonwealth Bank is the first financial institution to be charged with a crime stemming from the banking royal commission. Its insurance arm CommInsure is accused of illegally selling products over the phone and faces almost $2 million in fines. www.7NEWS.com.au #Banking #7NEWS | 7NEWS Sydney | Facebook
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The Commonwealth Bank has reported an 8 per cent drop in net profit in its half-year results, with CEO Matt Comyn warning the financial strain hitting customers and the bank's bottom line will continue through the year. He also says he expects to see an increase in bad loans and that downside risks are growing as November's interest rate hike starts to impact borrowers. | ABC News
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