Editing Commonwealth Bank (section)

{{short description|Australian multinational bank}}
{{Use dmy dates|date=September 2015}}
{{Use Australian English|date=September 2015}}
{{Infobox company
| name = Commonwealth Bank of Australia Limited
| logo = Commonwealth Bank logo 2020.svg
| logo_size = 120px
| image = Tumbalong Park DSC08472 (cropped).jpg
| image_size = 280
| image_caption = Headquarters at Commonwealth Bank Place, [[Darling Harbour|Darling Quarter]], [[Sydney]]
| type = [[Public company|Public]]
| traded_as = {{ubl|{{ASX|CBA}}|[[S&P/ASX 200]] component}}
| ISIN = {{ISIN|sl=n|pl=y|AU000000CBA7}}
| foundation = {{unbulleted list|{{Start date and age|1911|12|22|df=yes|br=yes}}<br/>(government bank)|{{Start date and age|1991|9|12|df=yes|br=yes}}<br/>(public company)}}
| industry = [[Financial services]]
| products = {{ubl | [[Asset management]] | [[Banking]] | [[Commodities]] | [[Credit card]]s | [[Equities trading]] | [[Insurance]] | [[Investment management]] | [[Mortgage loan]]s | [[Private equity]] | [[Wealth management]] }}   
| hq_location = Commonwealth Bank Place South, 11 Harbour Street
| hq_location_city = [[Sydney|Sydney, New South Wales]]
| hq_location_country = Australia
| num_locations = {{unbulleted list|709 [[Branch (banking)|branches]]|1,916 [[Automated teller machine|ATMs]]}}
| num_locations_year = 2024<ref name="FY" />
| areas_served = {{hlist|Australia|China|European Union|Hong Kong|Indonesia|Japan|London|New Zealand|New York|Singapore}}<ref>{{cite web |url=https://www.commbank.com.au/about-us/our-company/international-branches.html |access-date=5 October 2024 |website=commbank.com.au |archive-date=5 October 2024 |archive-url=https://web.archive.org/web/20241005065848/https://www.commbank.com.au/about-us/our-company/international-branches.html |url-status=live |title=International locations}}</ref>
| ratio = 12.3% (2024)<ref name="FY" />
| profit = $9.8 billion
| rating = AA- (2024)<ref>{{cite web |website=commbank.com.au |archive-url=https://web.archive.org/web/20241005081149/https://www.commbank.com.au/about-us/investors/credit-ratings.html |url-status=live |archive-date=5 October 2024 |url=https://www.commbank.com.au/about-us/investors/credit-ratings.html |access-date=5 October 2024 |title=Credit ratings |at=Standard & Poor's}}</ref>
| profit_year = 2024<ref name="FY" />
| key_people = {{unbulleted list|[[Matt Comyn]]<br/>([[Chief executive officer|CEO]])}}
| operating_income = $21.17 billion
| income_year = 2024<ref name="FY">{{Cite report|date=14 August 2024|title=2024 Annual Report|location=Commonwealth Bank Place South, Harbour Street, Sydney NSW|url=https://www.commbank.com.au/content/dam/commbank-assets/investors/docs/results/fy24/2024-Annual-Report_spreads.pdf|access-date=5 October 2024|publisher=Commonwealth Bank of Australia|archive-url=https://web.archive.org/web/20241005065728/https://www.commbank.com.au/content/dam/commbank-assets/investors/docs/results/fy24/2024-Annual-Report_spreads.pdf|archive-date=5 October 2024|url-status=live|pages=2, 3, 138, 139, 308, 310}}</ref>
| assets = {{AUD}}1.254 trillion
| assets_year = 2024<ref name="FY"/>
| members = 17.6 million
| members_year = 2024<ref name="FY" />
| equity = {{AUD}}73.08 billion
| equity_year = 2024<ref name="FY"/>
| num_employees = 53,000+
| num_employees_year = 2024<ref name="FY"/>
| divisions = {{Collapsible list|title=CommBank divisions|Business Banking|Institutional Banking and Markets|Retail Banking Services<ref name="FY"/>}}
| subsid = {{Collapsible list|title=CommBank subsidiaries|[[ASB Bank]]|[[Bankwest]]|[[Colonial First State]]|CommInsure|[[Commonwealth Securities]]|[[Sovereign Limited]]}}
| website = {{URL|commbank.com.au}}
}}
The '''Commonwealth Bank of Australia''' ('''CBA'''), also known as '''Commonwealth Bank''' or simply '''CommBank''', is an Australian [[multinational corporation|multinational]] [[bank]] with businesses across [[New Zealand]], [[Asia]], the [[United States]], and the [[United Kingdom]]. It provides a variety of [[financial service]]s, including retail, business and institutional banking, [[funds management]], [[superannuation]], insurance, investment, and broking services. The Commonwealth Bank is the largest Australian listed company on the [[Australian Securities Exchange]] as of July 2024, with brands including [[Bankwest]], Colonial First State Investments, [[ASB Bank]] (New Zealand), [[Commonwealth Securities]] (CommSec) and Commonwealth Insurance (CommInsure).<ref>{{Cite web|url = https://www.asx.com.au/markets/trade-our-cash-market/equity-market-prices/top-50-market-cap/|title = ASX 50 List / Market Capitalisation Accurate on: 28 July 2024|date = 28 July 2024|access-date = 28 July 2024|website = ASX 50|publisher = [[Australian Securities Exchange]]}}</ref> Its former constituent parts were the '''Commonwealth Trading Bank of Australia''', the '''Commonwealth Savings Bank of Australia''', and the '''Commonwealth Development Bank'''.

Founded in 1911 by the [[Australian Government]] and fully privatised in 1996, the Commonwealth Bank is one of the [[Big Four (banking)#Australia|big four]] Australian banks, with the [[National Australia Bank]] (NAB), [[Australia and New Zealand Banking Group|ANZ]] and [[Westpac]]. The bank was listed on the Australian Stock Exchange on 12 Sep 1991.<ref>{{cite web | url=https://www.fool.com.au/2022/03/25/how-much-were-cba-shares-when-they-first-floated/ | title=How much were CBA shares when they first floated? | date=25 March 2022 }}</ref>

The former global headquarters of Commonwealth Bank were the [[Commonwealth Trading Bank Building]] on the corner of [[Pitt Street]] and [[Martin Place]], [[Sydney]], which was refurbished from 2012 for retail and commercial uses, and (from 1984 to 2012) the [[State Savings Bank Building]] on [[Martin Place]], which was sold in 2012 to [[Macquarie Bank]]. The headquarters were then moved, splitting between two locations; Tower 1 of 201 Sussex Street and the Commonwealth Bank Place; a new complex of two nine-storey buildings in [[Darling Harbour]] on the western side of Sydney's city centre.<ref>{{Cite web|date=2021-01-22|title=Commonwealth Bank Corporate Office|url=http://corporateofficehq.com/commonwealth-bank-corporate-office/|access-date=2021-09-15|website=Corporate Office HQ|language=en-us}}</ref> In 2022, the headquarters were consolidated into the Commonwealth Bank Place, with Tower 1 of 201 Sussex Street remaining as a secondary head office.<ref>{{Cite web |title=Commonwealth Bank head offices through the years |url=https://www.commbank.com.au/articles/newsroom/2020/11/commonwealth-bank-head-offices.html |access-date=2024-11-14 |website=www.commbank.com.au |language=en-AU}}</ref>

In 2018, findings from the [[Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry]] have indicated a negative culture within the bank, amid allegations of fraud, deception, and money laundering, among various other crimes.<ref>{{Cite web|url=https://www.smh.com.au/business/banking-and-finance/cocaine-girls-million-dollar-fraud-what-the-commonwealth-bank-lender-did-next-20180511-p4zeqt.html|title=Cocaine, girls, million-dollar fraud: What the Commonwealth Bank lender did next|first=Chris Vedelago, Cameron|last=Houston|date=11 May 2018|website=The Sydney Morning Herald}}</ref>

In 2022, the Commonwealth Bank held the 49th position in the "Top 1000 World Banks".<ref>{{cite web|url=https://www.thebanker.com/Top-1000-World-Banks-Australian-banks-stay-top-in-Asia-Pacific-1641898201|title=Top 1000 World Banks - Australian banks stay top in Asia-Pacific|publisher=The Banker|date=2022-01-11|access-date=2024-03-06}}</ref> As of August 2024 it is listed as the 66th largest company in the world by market cap.