Finance news you need to know today

NEW CommBank CEO Matt Comyn has warned there are difficult times ahead as his institution faces up to a series of “unacceptable” failures.

THE Australian share market is expected to open flat after Wall Street stocks handed back earlier gains following a report of an FBI raid on the office of Donald Trump’s lawyer. At 0700 AEST on Tuesday, the Australian share price futures index was flat at 5,793.

Meanwhile, the Australian dollar is slightly higher, in line with similar gains on Wall Street. At 0700 AEST, the local currency was worth 76.98 US cents, up from 76.92 US cents on Monday.

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