Commonwealth Bank of Australia Company Description
Commonwealth Bank of Australia (CBA), one of the Australia's Big Four banks, offers retail and commercial banking, insurance, and investment services, including credit cards, home loans, deposit accounts, mutual funds, and retirement products. The bank also provides business and institutional banking. CBA owns brokerage Commonwealth Securities, fund manager Colonial First State, and ASB Bank, which provides banking, investment, and financial services in New Zealand. The company has more than 1,000 branch offices in Australia as well as operations that reach Asia, the UK, and the US. In late 2008 it acquired Australia-based BankWest from British bank HBOS (now part of Lloyds Banking Group).
View the Comprehensive Company Description for Commonwealth Bank of Australia
The Company Description provides a historical perspective of Commonwealth Bank of Australia's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Commonwealth Bank of Australia's evolution in the marketplace.
