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Showing 71 - 80 of 1201 results for "CBA"

CBA offloads general insurance arm

ANNABELLE DICKSON  |  MONDAY, 21 JUN 2021
... includes a 15-year strategic alliance that provides Hollard with the distribution of home and motor insurance products to CBA's retail customers. CBA will continue to earn income on these products. The deal includes $625 million of upfront consideration ...

ClearView risk chief joins IOOF

ELIZABETH MCARTHUR  |  FRIDAY, 18 JUN 2021
... officer James Myerscough. Myerscough joined ClearView last month and was most recently chief risk officer, wealth management at CBA. He has also served as Zurich's chief risk officer for both the Australia and Asia Pacific businesses, and held roles ...

AUSIEX launches, announces leadership team

KARREN VERGARA  |  TUESDAY, 8 JUN 2021
... acquire CAS in April 2020. CAS is separate to CommSec's retail broking business. On 1 May 2021, AUSIEX separated from CBA to operate independently, providing trading, asset management solutions, and wholesale brokerage that includes equities execution ...

Premiums to increase at ESSSuper

ELIZABETH MCARTHUR  |  FRIDAY, 4 JUN 2021
... terms and conditions, or how policyholders and customers do business with their insurer. In September 2020, Commonwealth Bank (CBA) received a payment of approximately $450 million for the sale of CommInsure. It followed a $500 million upfront payment ...

CBA adds $32m to advice remediation bill

KARREN VERGARA  |  WEDNESDAY, 12 MAY 2021
... upped its indemnity bill to $252 million for dodgy financial advisers who were part of its former subsidiary Count Financial. CBA sold off Count Financial to CountPlus in mid-2019. At the time, CBA provided $200 million in indemnity to CountPlus. CBA ...

CBA launches JV for institutional tool

ANNABELLE DICKSON  |  MONDAY, 10 MAY 2021
... deliver insights that will underpin products and support and potentially automate insittutions' decision-making processes. CBA group executive of institutional banking and markets Andrew Hinchcliff said CommBank iQ will assist institutions in driving ...

TCorp hires CBA capital markets executive

KARREN VERGARA  |  MONDAY, 3 MAY 2021
... primarily responsible for raising debt in the form of bonds and managing the state's balance sheet. Kenna spent 20 years at CBA, most recently as its head of programmatic funding for over a year. His other leadership positions there included head of ...

Queensland bans Dollarmites

KARREN VERGARA  |  TUESDAY, 27 APR 2021
... school-banking program. Queensland minister for education Grace Grace announced her department will not renew its agreement with CBA when it ends on 31 July 2021. The moves come off the back of ASIC's landmark investigation into the school-banking program ...

CBA to pay $7m for overcharged interest

ANNABELLE DICKSON  |  THURSDAY, 8 APR 2021
... business overdraft accounts than what it advised its customers over a four-year period. Following an investigation by ASIC, CBA admitted to false or misleading representations and engaged in misleading and deceptive conduct over to 12,119 occasions from ...

ASIC sues CBA over monthly fees

ANNABELLE DICKSON  |  THURSDAY, 1 APR 2021
... against Commonwealth Bank over allegations it wrongly charged monthly fees to customers over a nine-year period. ASIC alleges CBA incorrectly charged $55 million in monthly access fees to nearly one million customers who met criteria that entitled them ...