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Economics

CBA posts $1.6bn quarterly profit

BY JOHN MCDULING | MONDAY, 15 NOV 2010 12:25PM

The Commonwealth Bank has unveiled a $1.6bn cash profit for the September quarter, with wealth management and insurance continuing to play a key role for the company.

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Editor's Choice

ASX to rejig corporate governance framework

KARREN VERGARA

The ASX is looking to modernise eight core corporate governance principles, which include rejigging executive remuneration and board composition, to make them fit-for-purpose in the current environment in which ASX-listed entities operate in.

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The embattled consulting firm has named a new chief executive, choosing to promote from within after former chief executive Andrew Yates stepped down in June in the wake of the whistleblower scandal.

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