The Commonwealth Bank Of Australia - 3130 Words

1. BACKGROUND Commonwealth bank of Australia was founded back in 1911 by the commonwealth bank act that was in favour of bank nationalization. The bank started its first branch in 1912 in Melbourne and later joint hands with the state savings bank in Tasmania and a year later it was able to spread its branches in six different states. After 1920 the bank gradually expanded its role in central banking and along with time continued expanding and earning a good reputation in the market (Australia, 2014). Commonwealth Bank of Australia is also one of the multinational banks of the world that provides a number of financial services to its clients such as managing the funds, retail services, investment services etc. This group has also got itself listed in the Australian Securities Exchange as the top companies that have the objective of maintaining the total shareholder s return in the upper quartile among the other listed peers over a period of five years (Austrailia, 2014). Geoff Shannon, a former bank commercial client, started a campaign against the bank in 2011 in the form of a website named as Unhappy banking after he lost most of the company s and his personal assets because of the rapacious behaviour of the bank. According to the action group, the bank had taken an aggressive step in reducing its disclosure to the commercial property clients who weren t huge enough in terms of its benefits to the bank. Thus, by observing the Unhappy banking, an inquiry by SenateShow MoreRelatedThe Commonwealth Bank Of Australia1645 Words   |  7 PagesReport – Commonwealth Bank This following report is about the Commonwealth Bank of Australia (CBA). The Commonwealth Bank is a public business founded in 1911. This company is owned by the Australian government. The Commonwealth Bank operates within the tertiary business sector. Business Operations The Commonwealth Bank of Australia is an Australian multinational bank with businesses across New Zealand, Fiji, Asia, USA and the United Kingdom. Commonly referred to as the Commonwealth Bank (or CBARead MoreThe Commonwealth Bank Of Australia3086 Words   |  13 Pages The Commonwealth Bank of Australia was founded by the Commonwealth Bank Act on December 22, 1911, introduced by the Andrew Fisher Labor Government, Which favored bank nationalization. In a rare move for the time, the bank was to have both savings and general bank business. The commonwealth bank of Australia is an Australian multinational bank with businesses across New Zealand, Fiji, Asia, USA and the United Kingdom. Commonly referred to as the commonwealth bank or commbank, it provides a varietyRead MoreQuestions On Commonwealth Bank Of Australia2094 Words   |  9 Pages This report seeks to critically analyse specific aspects of the organisation in regards to the companies; general and specific environment, social and ethical responsibility and its organisational culture. As Commonwealth Bank Australia is a major company with around 52 thousand employees (Commbank.com.au, 2016), it is large employer within the banking industry and has offices and branches nation and worldwide, hence it is important to analyse the external environments and the internal environmentsRead MoreHistory Of Commonwealth Bank Of Australia2888 Words   |  12 PagesThe history of Commonwealth bank of Australia goes back to 1911when the government laid the foundation of one of country’s major financial institutions. By 1970, the bank has branches all over the country, first bank to introduce Bankcard (1974) and continued upgrading itself through the use of latest computerized electronic systems. Today, the bank has 1010 branches all over the country with 3200 ATMs, ov er 3800 agencies and the online services provided by bank reaches over 2.5 million customersRead MoreBusiness Report : Commonwealth Bank Of Australia2168 Words   |  9 Pages.........Assessment 1: part 2/part 3 Business Report - Commonwealth Bank of Australia Unit code: MMM132 Unit chair: Dr Wendy Webber Author: Emma Georgina Hentschel - 216152064 Date submitted: dd/mm/yy Word count: xxx words (excluding reference list)  Executive summary This is a summary of the whole report. Outline the task, explain the research process used, what you found, and what your findings mean in terms of your own preferences (approx. 200 words).  Table of contents Part 2 - FoundationRead MoreEssay on SWOT Analysis of Commonwealth Bank of Australia3124 Words   |  13 Pagesï » ¿Commonwealth Bank of Australia – SWOT Analysis Commonwealth Bank of Australia – Strengths Strength – Commonwealth Bank Brand Commonwealth Bank brand is the most recognised brand in Australian financial services industry. It is a brand that has evolved over its 102 years of operation with a strong brand history. Commonwealth Bank brand is highly regarded and trusted within the Australian financial services industry. Other well known brands under the Commonwealth Bank Group includes ColonialRead MoreReport on the Situational Analysis for Commonwealth Bank of Australia(Cba)1207 Words   |  5 Pagesanalysis can help chose strategies, which help achieve objectives. At the beginning will be presented brief history of CBA. The Commonwealth Bank of Australia (CBA) supports sector with their following industries such as banking, financial and investment service. Founded in1911 as a government bank, received the first guarantees of the federal government. The first bank branch was opened in Meloburne-July 1912. In 1913 there were already branches in all six states. In 1916, its headquarters is movedRead MoreParkview Queensland Pty. Ltd. v Commonwealth Bank of Australia1358 Words   |  5 PagesParkview Queensland Pty Ltd v Commonwealth Bank of Australia [2013] NSWCA 422 FACTS The appellant, Parkview Queensland Pty Ltd (â€Å"Parkview†), is a building contractor who commenced construction of a residential property development under a standard form building contract with Fortia funds Management Ltd (â€Å"Fortia†), the developer. Fortia financed the construction under a loan facility with the Bank of Western Australia Ltd (â€Å"BankWest†). The building contract provided for progressive payments toRead MoreEthical Banking And Customer Satisfaction : A Comparison Between Bankmecu And Commonwealth Bank Of Australia2559 Words   |  11 Pages Ethical Banking and Customer Satisfaction: A Comparison Between Bankmecu and Commonwealth Bank of Australia CONTENTS 1. INTRODUCTION 3 2. LITERATURE REVIEW 3 2.1. CORPORATE SOCIAL RESPONSIBILITY 4 2.2. ETHICAL BANKING IN AUSTRALIA 4 2.3. THE RADICAL AFFINITY INDEX 4 2.4. CUSTOMER SATISFACTION 5 3. RESEARCH DESIGN AND METHODOLOGY 5 3.1. CONCEPTUAL FRAMEWORK 5 3.2 SAMPLE AND PROCEDURE 6 3.3 DATA COLLECTION 8 3.4 PILOT STUDY 8 3.5 DATA ANALYSIS 10 3.5.1 Data Reduction 10 3.5.2 Data DisplayRead MoreExecutive Summary : Commonwealth Bank1718 Words   |  7 Pages1) Executive Summary Commonwealth Bank has become one of biggest bank of Australia; one of the reasons is ERP implementation. The ERP system helps the financial institution to communicate worldwide, talking about its various management department, for them it’s really effective. Such as using customer relation management software it helps in keeping the records of consumers in data warehouse, which can be used at the time when information needed by the bank. For Human resource management it provides