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The Commonwealth Bank (ASX:CBA) share price is climbing higher today Here s why

The  Commonwealth Bank of Australia (ASX: CBA) share price has opened strongly, climbing more than 1.4% since market open. Why is the CBA share price lifting? The S&P/ASX 200 Index (ASX: XJO) is up 0.5% to 6,666 points to start the day after Wall Street climbed higher overnight on COVID-19 vaccine news. The CBA share price is lifting in early trade after a key announcement at the stroke of the bell. Broad market positivity alongside the announcement has helped boost the ASX bank share higher. Australia’s largest bank announced it would merge Aussie Home Loans with Lendi, a leading online home loan platform. The merger will see Aussie’s strong brand name and significant network with Lendi’s market-leading technology and existing platform.

ASX surges higher: tech, mining stocks among winners

ASX surges higher: tech, mining stocks among winners
news.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news.com.au Daily Mail and Mail on Sunday newspapers.

Lendi-Aussie merger details revealed

Lendi-Aussie merger details revealed 17 December 2020 Online brokerage Lendi and franchise brokerage Aussie will remain as separate brands under the proposed merger, with Lendi technology eventually underpinning the two, CEO David Hyman has outlined. On Wednesday (16 December), online home loan platform Lendi and the Commonwealth Bank of Australia (CBA) announced that they had signed a binding heads of agreement to merge Lendi with Aussie Home Loans (Aussie). Under the proposed merger (subject to ACCC consultation and other customary conditions), Lendi shareholders would hold the majority shareholding of 55 per cent in the merged business, while Aussie’s current owner, CBA, would hold a 45 per cent shareholding.

Company Announcements | Herald Sun

Company Announcements | Herald Sun
heraldsun.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from heraldsun.com.au Daily Mail and Mail on Sunday newspapers.

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