Commonwealth Bank

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  Australian Bank Fires Employee After 25 Years, Replaces Her With AI She Helped Train

  Kathryn Sullivan, who worked at Australia's biggest bank for 25 years, was made redundant after unknowingly training the AI chatbot that replaced her, illustrating the rising influence of automation on employment.

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  Commonwealth Bank Of Australia To Lease 8 Lakh Sq Ft Office Space In Bengaluru

  Embassy REIT leases 8lakh sq ft office space in Bengaluru to Commonwealth Bank of Australia

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  Google’s Parent Alphabet Is Major Blockchain Investor, Samsung Joins List With PayPal, Microsoft

  Google parent Alphabet has invested a whopping sum of $1.5 billion (roughly Rs. 11,900 crore) in the blockchain industry. As per a Blockdata analysis, a total of 40 companies collectively invested around $6 billion (roughly Rs. 47,600 crore) into blockchain startups between September 2021 and June 2022.

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  Apple's 'Pro-Competition' Claim Mocked by Australia's Commonwealth Bank Over Control of Payments

  Commonwealth Bank of Australia accused Apple of uncompetitive behaviour over control of payments on its phones, which have grown to about a third of all in-person payments the country's largest lender processes.

• Commonwealth Bank Mulls Plan to Cut 10,000 Jobs, Paper Says

  Commonwealth Bank said to be considering closing as many as 300 of its almost 1,000 branches, the paper said.

• Australia’s Economy Faces ‘Serious Consequences’ If Bank Probe Hits Credit, Morrison Says

  With an election expected in May, the probe report will take on massive political significance.

• CBA Sells Asset Arm to Japan’s Mitsubishi UFJ for $2.9 Billion

  The deal adds A$213 billion of assets under management across the U.S., Australia and Asia. 

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  Adani To Finalise Australia Coal Investment Plan By June

  Adani has battled opposition from green groups who fear the project will produce so much coal for export to India that it will require a mega-port expansion into the Great Barrier Reef World Heritage Area.

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  26 Hurt After Man Sets Fire To Australia Bank

  More than 20 people were hurt Friday, some seriously, after a man apparently set fire to a branch of the Commonwealth Bank in Australia, police said.

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  Adani Loses Key Customer for Carmichael Mine in Australia

  In a fresh setback for Indian mining giant Adani in Australia, one of its key customers Korean major LG said that it will not purchase coal from its controversial 16 billion dollar project while reports emerged that a leading bank may not fund the venture.

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  Bank Ends Adviser Role in Blow for Adani's Australian Coal Mine

  Environmentalists hailed the CBA's decision and said it cast more doubt on the project's future.

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  Westpac Chief Gail Kelly Quits After Seven Years

  One of Australia's most powerful female chief executives, Gail Kelly, today stepped down as the head of banking giant Westpac after seven years in the top job.

• Australia banks lift Asian shares; yen firms

  Asian shares inched higher on Wednesday while the yen gained strength amid conflicting interpretations of G7 comments about the yen's recent weakness.

• Adani Ports raises $1.25 billion to repay bridge loan due in May: sources

  Adani Ports and Special Economic Zone is raising the funds from a group of Australian and Asian lenders to refinance a $2 billion bridge loan due in May.

• India bans fresh cotton exports for now

  India will now prohibit fresh cotton exports and permit only quantities already registered but not shipped.