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Showing 41 - 50 of 2740 results for "Commonwealth Bank"

Former advisers costs CBA $1.2bn in remediation

KARREN VERGARA  |  WEDNESDAY, 9 AUG 2023
Commonwealth Bank's $1.2 billion bad advice remediation bill represented a small fraction of its whopping $10.2 billion profit, the full-year financial results show. The total customer remediation amounted to a huge $2.6 billion in the 2023 financial ...

CommSec launches global share trading platform

JAMIE WILLIAMSON  |  MONDAY, 31 JUL 2023
... new service will initially be made available on the CommSec website, to be made available via the app in time. Commonwealth Bank also plans to integrate the functionality into its CommBank app. CBA said the service offers fast account set-up and access ...

Macquarie reports decline in earnings amid weaker trading

ANDREW MCKEAN  |  THURSDAY, 27 JUL 2023
... strategies, he has worked as global chief operating officer for Standard Chartered and as a group executive at Commonwealth Bank.

CFS settles super fees class action

JAMIE WILLIAMSON  |  FRIDAY, 14 JUL 2023
... pre-2013 and were charged under the 'grandfathering exception'. "Many of the advisers worked for the Commonwealth Bank group which made significant profits from retaining these commissions," the firm said at the time. "This is a great outcome ...

CBA staff head to Fair Work over WFH policy

JAMIE WILLIAMSON  |  THURSDAY, 13 JUL 2023
The Finance Sector Union will front the Fair Work Commission on behalf of Commonwealth Bank staff, fighting the banking giant's mandate that staff be in the office 50% of the time. At the end of May, CBA told staff that they would be required to work ...

Ownership changes spur upheaval in unit trust sector

KARREN VERGARA  |  WEDNESDAY, 12 JUL 2023
... Financial Group but was previously called Colonial First State Global Asset Management when it was owned by the Commonwealth Bank. CBA sold CFSGAM for $4.2 billion in 2019 as part of demerging its asset management, mortgage broking and wealth businesses ...

Praemium hires governance, risk chief

JAMIE WILLIAMSON  |  WEDNESDAY, 12 JUL 2023
... governance officer. With more than 25 years' experience, she's also held senior risk and compliance roles at Commonwealth Bank, including within Colonial First State. Axton will report directly to Wamsteker, who described her as a tremendous ...

Commonwealth Bank backs Wollemi Capital

CHLOE WALKER  |  MONDAY, 10 JUL 2023
... transition, natural capital, and climate services sectors, as well as reducing global greenhouse gas emissions. Commonwealth Bank (CBA) group executive, institutional banking and markets Andrew Hinchliff said the investment of an undisclosed amount will ...

AZ NGA welcomes head of M&A

CASSANDRA BALDINI  |  MONDAY, 10 JUL 2023
... Road as its general counsel and company secretary. Prior to that, he held senior legal counsel roles at the Commonwealth Bank, Challenger and IBM. "AZ NGA is an ambitious company with a high calibre team, and I am excited about the opportunity to join ...

Mercer appoints three new directors

ANDREW MCKEAN  |  MONDAY, 3 JUL 2023
... business to Human Financial for a 40% stake in the company. She's also served as chief operating officer for Commonwealth Bank and Lehman Brothers. Hartley has around 40 years' investment experience across all major public and private asset classes. ...