The latest issue of Financial Standard now available as an e-newspaper

READ NOW

Regulatory

CBA in court for overcharging interest

BY ELIZABETH MCARTHUR | TUESDAY, 1 DEC 2020 10:22AM

ASIC has commenced proceedings against Commonwealth Bank for overcharging interest to thousands of customers, as revealed during the Royal Commission.

Upgrade your subscription to access this article

And gain access to:

All website content, including archived news
Home page news customisation
Tech Zone, your technical resource library

And more

Already A Subscriber?

UPGRADE SUBSCRIPTION

Read more: CBA, ASIC, Commonwealth Bank, Royal Commission

VIEW COMMENTS

Related News

►	Aussie investors entering 'regime shift': VanEck
►	More aggressive than ever: ASIC defends First Guardian investigation
►	ASX sees trade volumes soar in May
►	Older Australians drive majority of super complaints: ASIC
►	AFCA to update rules on new genetic testing laws
►	Big Un finance chief's insider trading charges dropped
►	ASIC cannot afford to stand still: Longo
►	APRA slaps additional licence conditions on HTFS Nominees
►	Sequoia Financial chair resigns
►	ASIC flags stronger fintech collaboration

Editor's Choice

Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

Videos

Brought to you by

The market has changed. The opportunity hasn't.

A guaranteed future

SMILE through retirement - tackling the top 5 (Sequencing, Market, Inflation, Longevity, Emotion) retirements risks

Maintaining a fundamental focus in a world obsessed with the short term

Follow the leaders

Strength amid noise

Global economic outlook and the case for local currency emerging market debt: Resilience, risk, and opportunity

MORE VIDEOS

Products

'Guide To' Series

Pocket investment guides featuring adviser case studies and a glossary.

MORE INFO

Publisher's Forum

Investing trends and strategies from the industry’s thought leaders.

MORE INFO

Product Showcases

Putting the spotlight on investment products that matter.

MORE INFO

Expert Feed

Christian Mueller-Glissmann

Head of Asset Allocation Research

Goldman Sachs

When geopolitics becomes a portfolio risk

Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.

READ MORE

Tania Milnes

General Manager Membership

Financial Advice Association Australia

Does association membership still matter?

With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...

READ MORE