Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 91 - 100 of 1200 results for "CBA"

Cashwerkz appoints chair for Fund Income

KANIKA SOOD  |  THURSDAY, 17 DEC 2020
... Asset Management. Coad has 30 years of experience in markets and intuitional banking, including senior executive roles at NAB, CBA and Chase Manhattan Bank. In early November, former UBS fund manager Chris Baylis, billionaire investor Alex Waislitz and ...

ASIC unveils school banking program review

KARREN VERGARA  |  WEDNESDAY, 16 DEC 2020
... banking market, attracting 3629 schools with 175,138 active accounts. Bendigo Bank comes second place with 146 schools. In FY18, CBA paid schools $2.5 million to participate in its programs. This figure dropped to $2.1 million and $1.3 million in subsequent ...

Aussie, Lendi to merge

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 DEC 2020
... boosting distribution. Lendi shareholders will hold the majority shareholding of 55% in the merged business while Aussie's owner, CBA, will hold 45% and continue to provide funding for the Aussie Select branded home loan product. "The merger is another ...

CBA provides BoCommLife update

ANNABELLE DICKSON  |  WEDNESDAY, 9 DEC 2020
Commonwealth Bank of Australia (CBA) has made progress on exiting life insurance after the China Banking and Insurance Regulatory Commission approved the sale of its stake in BoCommLife. The bank will divest its 37.5% stake in BoCommLife to MS&AD Insurance ...

Amazon Web Services expands Australian operations

ANNABELLE DICKSON  |  TUESDAY, 8 DEC 2020
... customers with lower latency and better fault tolerance for critical cloud workloads. Current AWS customers include Deloitte, CBA, NAB, Atlassian, CSIRO, Afterpay and Australia Post. The new AWS Region aims to accelerate innovation agility and cost savings ...

CBA opens Amsterdam office, eyes European instos

KARREN VERGARA  |  TUESDAY, 8 DEC 2020
... Bank of Australia (Europe) N.V., is scheduled to operate from June 2021 in newly fitted offices in the capital, Amsterdam. CBA has some 180 staff in Europe and the UK. It has an office in London and CommBank Europe is registered in Malta. Reuters reported ...

CBA private office head joins Mutual Trust

ANNABELLE DICKSON  |  MONDAY, 7 DEC 2020
... Ralf Haase established the CPO in 2009 to develop and lead the ultra-high net worth business segment of Commonwealth Private. CBA restructured the business unit in June, folding into Commonwealth Private and making Haase redundant. Prior to his time ...

Dollarmites faces more backlash

ANNABELLE DICKSON  |  TUESDAY, 1 DEC 2020
... children about healthy eating. "There are cash incentives for schools that sign students up, and it's effective marketing for CBA which get customers, sometimes for life. There has to be a better way to teach our kids about money that doesn't involve ...

CBA in court for overcharging interest

ELIZABETH MCARTHUR  |  TUESDAY, 1 DEC 2020
ASIC has commenced proceedings against the Commonwealth Bank (CBA) for overcharged interest to thousands of customers, as revealed during the Royal Commission. In the Federal Court, ASIC will allege that CBA charged a rate of interest on business overdraft ...

APRA reduces CBA capital requirement

ANNABELLE DICKSON  |  FRIDAY, 20 NOV 2020
... improving governance concerns. The $1 billion capital add-on has been halved to $500 million with immediate effect and increases CBA's common equity tier one capital by 17 basis points. APRA imposed the additional capital requirement on the bank in May ...