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The Commonwealth Bank of Australia was established by the Commonwealth Bank Act 1911, introduced by the Andrew Fisher Labor government, which favoured bank nationalisation, with effect on 22 December 1911. [10] [11] In a rare move for the time, the bank was to have both savings and general bank business. The bank was also the first bank in ...
Commonwealth Bank: 17.2% (2022) [5] Auckland, New Zealand: Westpac New Zealand: 31 October 2006 New Zealand retail banking subsidiary Westpac: 18% (2022) [6] Sydney, Australia: WBC NZ Branch: 1 April 1987 New Zealand registered branch of offshore banking group Auckland, New Zealand: Heartland Bank: 17 December 2012 New Zealand listed retail bank
Bank Headquarters Established Owned by / Subsidiary of Certified B Corporation Crypto Friendly Alex Bank: Brisbane: 2018 AMP Bank: Sydney: 1849: ANZ Bank: Melbourne: 1835: Australian Military Bank (previously Australian Defence Credit Union) [5] Sydney: 1959: Australian Mutual Bank (previously Sydney Credit Union & Endeavour Mutual Bank) [6 ...
Banking in Australia is dominated by four major banks: Commonwealth Bank, Westpac, Australia & New Zealand Banking Group and National Australia Bank.There are several smaller banks with a presence throughout the country which includes Bendigo and Adelaide Bank, Suncorp Bank, [1] and a large number of other financial institutions, such as credit unions, building societies and mutual banks ...
A branch in Ponsonby, Auckland. ASB Bank Limited, commonly stylised as ASB, is a bank owned by Commonwealth Bank of Australia, operating in New Zealand.It provides a range of financial services including retail, business and rural banking, funds management, as well as insurance through its Sovereign Limited subsidiary, and investment and securities services through its ASB Group Investments ...
Commonwealth Securities Limited, or CommSec, is Australia's largest online stockbroking firm. It is a subsidiary of the Commonwealth Bank . Though its Internet trading platform constitutes the vast majority of its business, it also offers a telephone based brokerage service, and investment advisory services. [ 1 ]
The new bank established a main office in Brisbane, and operated branches through the 194 post offices throughout Queensland which had been transferred to the Commonwealth after Federation, and which previously had acted as agencies for the (Queensland) Government Savings Bank (established in 1864 by act of Queensland Parliament).
In October 2022, Bankwest closed all its east coast branches. [30] In March 2024, Bankwest announced that it will close all remaining 60 branches and automated teller machines (ATMs) by the end of 2024 and become a digital bank. [31] [needs update] [30] [needs update] Fifteen regional branches will be converted to Commonwealth Bank branches and ...