Search ResultsShowing 1 - 10 of 100+ results for "CBA"
Banks move to derisk, workforces shrink
KANIKA SOOD  |  MONDAY, 25 MAR 2019
... of writing). Yet, investors are showing faith in the big banks. CommSec, which tracks consensus stock ratings, places CBA, NAB, Westpac and ANZ all as a "moderate buy." Among the industry's biggest investors is the country's $2.8 ...
Former Financial Wisdom adviser banned
KARREN VERGARA  |  THURSDAY, 21 MAR 2019
... Wisdom financial adviser from working in financial services. Anneliese Ada Willmott was an authorised representative of CBA subsidiary Financial Wisdom from 12 November 2015 until 10 August 2017. Financial Wisdom notified ASIC about Willmott's ...
Royal Commission will guide remuneration standard: APRA
DARREN SNYDER  |  WEDNESDAY, 20 MAR 2019
... more generally; again this will be in light of what we have learned through our supervisory activity, through the CBA prudential inquiry and the findings of the Royal Commission," Brennan said. The APRA executive added that a 10-year ...
Commonwealth Bank delays wealth demerger
JAMIE WILLIAMSON  |  THURSDAY, 14 MAR 2019
... the implementation of the Royal Commission's recommendations, refunding customers and remediating past issues. CBA has suspended preparations for the demerger in order to fully focus on these efforts, the group said. "CBA remains ...
Banks, ASIC still at war over fees-for-no-service
HARRISON WORLEY  |  TUESDAY, 12 MAR 2019
... the institutions, who stand before a potential advice remediation bill of $1.15 billion. According to ASIC's report card, CBA and the regulator have vastly differing views on a number of issues, namely the period to be covered by further reviews ...
Super fund chief executive to retire
KANIKA SOOD  |  MONDAY, 11 MAR 2019
... in June end after nine years of leading Commonwealth Bank Group Super. The news was confirmed in an update shared with CBA employees last week. The fund has now commenced the search for Carmichael's replacement. Carmichael led the super ...
APRA sets sights on 2019 targets
HARRISON WORLEY  |  FRIDAY, 1 MAR 2019
... remain at the core of APRA's objectives. But APRA's Prudential Inquiry into Commonwealth Bank of Australia (CBA) highlighted the importance of not just having a healthy balance sheet, but also strong governance, a sound culture ...
CBA posts $4.6b in profits, dividend flat
KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
... over H1 of FY18. The interim dividend (which includes discontinued operations) is flat at $2 per share for the period. CBA's operating income fell almost 2% to $12.4 million as lower net interest margins, lower markets and fee income and ...
Institutions respond to Royal Commission, make commitments
HARRISON WORLEY  |  TUESDAY, 5 FEB 2019
... said the Royal Commission had been valuable for all stakeholders in the financial services industry, and would result in CBA becoming a better bank. CBA chief executive Matt Comyn was praised by Hayne in the report, with the Commissioner noting ...
ASIC enforcement must get tough: Commissioner
KANIKA SOOD  |  TUESDAY, 5 FEB 2019
... fees for services they did not provide and the regulator filed a report in 2016. Yet ASIC accepted EUs from ANZ and CBA just days before the Royal Commission public hearings kicked off last year, and commenced civil proceedings against ...
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