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  • Commonwealth Bank raises home rates for the second time this month | CBA hits home loan borrowers…

    Commonwealth Bank raises home rates for the second time this month | CBA hits home loan borrowers…

    Explore the latest developments concerning Commonwealth Bank raises.

    CBA hits home loan borrowers with 30 basis point hike from tomorrow

    Australia’s biggest bank, Commonwealth Bank, will hike both fixed and variable home loan interest rates for customers tomorrow. Lenders have been quick to announce they will pass on the Reserve Bank of Australia’s (RBA) cash rate hike in full, with fixed rates also continuing to climb in response to the hike and the possibility of more to come.

    Commonwealth Bank has announced it will increase all of its fixed home loan products by 30 basis points on Friday. The hike will coincide with the bank’s 25 basis point increase to variable home loans.

    "In response to broader funding and market conditions, we are updating our advertised fixed home loan rates for new lending, effective 27 March 2026,” a Commonwealth Bank spokesperson told Yahoo Finance.

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  • Community raises thousands for Portland wharf workers who lost gear in fire | Wharf businesses gr…

    Community raises thousands for Portland wharf workers who lost gear in fire | Wharf businesses gr…

    Explore the latest developments concerning Community raises thousands.

    Community raises thousands for Portland wharf workers who lost gear in fire

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    Community members have raised thousands in donations to support Portland’s waterfront workers after businesses were destroyed in a fire on Friday at Custom House Wharf.

    The fire also destroyed crucial fishing gear, like lobster traps, nets and haulers, owned by fishermen. Some lost a lifetime worth of equipment, said Ben Martens, executive director of the Maine Coast Fishermen’s Association.

    Wharf businesses grapple with fire's aftermath on Portland waterfront

    PORTLAND, Maine (WGME) — It was a long night for Portland firefighters.

    Deputy Fire Chief Jon Hendricks says a fire broke out around 5:30 on Friday night.

    The heavy flames were coming from a warehouse building off Custom House Wharf.

    Hendricks says frozen fire hydrants and narrow roads posed stiff challenges to combat the flames.

    Two firefighters were hurt in the process, but they were not hospitalized.

    "The first in companies did a great job, and they made a very aggressive attack to keep it from spreading down the rest of the wharf," Hendricks said.

    The fire tore through a boat repair shop. Hendricks says the building is a total loss.

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    Firefighters battle massive fire at historic Maine wharf

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    The building that caught on fire at Portland's Old Port on Friday was considered a total loss. (Credit: WGME)

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