CBA profits up 19%, wealth mgmt strugglesBY ELISE BURGESS | WEDNESDAY, 15 FEB 2012 12:30PMThe CBA has recorded a statutory net profit after tax for the half year ended Dec 31 2011 of $3.624 billion, a 19% increase on the previous corresponding period, in a strong result unaided by its wealth management arm which recorded a loss. |
Editor's Choice
IFM looks offshore for renewable lending opportunities
|Australia is losing out to the global market and increasingly to Asia when it comes to renewables lending from one of the country's biggest fund managers, with IFM Investors executive director and co-head of APAC diversified credit Hiran Wanigasekera saying the risk-return trade-off is simply better ...
GQG records further outflows despite positive returns
|GQG Partners recorded net outflows of $3.3 billion (US$2.3bn) in September, extending a difficult year for the ASX-listed fund manager despite positive investment performance across its four primary strategies.
Mason Stevens farewells managing director
|Mason Stevens managing director, global investment service has wrapped up his seven-year tenure at the company.
ASX to defend legal action brought by shareholder
|The Australian Securities Exchange said it plans to defend the claims submitted by one of its shareholders on ASX's behalf, stating the applications filed are "not in the best interests of the company."
Further Reading
Products
Featured Profile

Cliff Man
CHIEF EXECUTIVE OFFICER
ETF SHARES MANAGEMENT LTD
ETF SHARES MANAGEMENT LTD
ETF Shares chief executive Cliff Man spent his career automating, building and challenging established systems. Now, he is betting that Australia's ETF market has room for something different. Vinny Vucago writes.






