Commonwealth Bank of Australia engages in the provision of banking and financial services. It operates through the following segments: Retail Banking Services; Business Banking; Institutional Banking and Markets; Wealth Management; New Zealand; and Corporate Centre and Other. The Retail Banking Services provides banking and general insurance products and services to personal customers, and banking and advisory services for high net worth individuals. The Business Banking segment serves the banking needs of business, corporate and agribusiness customers across the full range of financial services solutions. The Institutional Banking and Markets segment serves the commercial and wholesale banking needs of large corporate, institutional and government clients across a full range of financial services solutions including access to debt capital markets, transaction banking, working capital and risk management through dedicated product and industry specialists. The Wealth Management segment provides superannuation, investment and retirement products. The New Zealand segment includes the banking and funds management businesses operating in New Zealand under the ASB brand. The Corporate Centre and Other segment include the results of the Group's centrally held minority investments and subsidiaries, Group-wide remediation costs, investment spend including enterprise-wide infrastructure and other. The company was founded in 1911 and is headquartered in Sydney, Australia.
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Last updated: Data provided by FactSet. This information does not constitute investment advice.
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