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Showing 91 - 100 of 2795 results for "Commonwealth Bank"

Strategic reset delivers for Count

JAMIE WILLIAMSON  |  WEDNESDAY, 30 AUG 2023
... remediation efforts, as at June end $505 million had been offered and $424.5 million had been paid. This is payable by Commonwealth Bank as part of the Count Financial sale agreement, with the timeframe for notification of any further indemnified conduct ...

ART, AvSuper closer to merging

KARREN VERGARA  |  MONDAY, 28 AUG 2023
... leave them behind and return to positive territory," the fund said. ART is also in the process of merging with Commonwealth Bank Group Super and Alcoa Super. Commonwealth Bank Group Super, which has some $12.3 billion in AUM and 67,000 members, signed ...

Treasury names new ASIC commissioners

KARREN VERGARA  |  FRIDAY, 25 AUG 2023
... incumbents Danielle Press, Sean Hughes and Karen Chester wrap up their terms. CHOICE chief executive Alan Kirkland, Commonwealth Bank chief risk officer for institutional bank and markets Simone Constant, and Treasury's first assistant secretary Katherine ...

Australian Retirement Trust completes Woolworths, Endeavour merger

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
... arrangements to ART, bringing in $8 billion and 28,000 members. ART is also in the process of acquiring funds including Commonwealth Bank Group Super, AvSuper, and Alcoa Super. Woodall noted these transfers are progressing and slated for completion during ...

ASIC appeal in CBA, CFS case dismissed

JAMIE WILLIAMSON  |  THURSDAY, 17 AUG 2023
Having had its initial conflicted remuneration case against Commonwealth Bank and Colonial First State dismissed in September 2022, ASIC's appeal of that decision has also now been dismissed. The case was first brought by ASIC in June 2020 and related ...

Former advisers costs CBA $1.2bn in remediation

KARREN VERGARA  |  WEDNESDAY, 9 AUG 2023
Commonwealth Bank's $1.2 billion bad advice remediation bill represented a small fraction of its whopping $10.2 billion profit, the full-year financial results show. The total customer remediation amounted to a huge $2.6 billion in the 2023 financial ...

CommSec launches global share trading platform

JAMIE WILLIAMSON  |  MONDAY, 31 JUL 2023
... new service will initially be made available on the CommSec website, to be made available via the app in time. Commonwealth Bank also plans to integrate the functionality into its CommBank app. CBA said the service offers fast account set-up and access ...

Macquarie reports decline in earnings amid weaker trading

ANDREW MCKEAN  |  THURSDAY, 27 JUL 2023
... strategies, he has worked as global chief operating officer for Standard Chartered and as a group executive at Commonwealth Bank.

CFS settles super fees class action

JAMIE WILLIAMSON  |  FRIDAY, 14 JUL 2023
... pre-2013 and were charged under the 'grandfathering exception'. "Many of the advisers worked for the Commonwealth Bank group which made significant profits from retaining these commissions," the firm said at the time. "This is a great outcome ...

CBA staff head to Fair Work over WFH policy

JAMIE WILLIAMSON  |  THURSDAY, 13 JUL 2023
The Finance Sector Union will front the Fair Work Commission on behalf of Commonwealth Bank staff, fighting the banking giant's mandate that staff be in the office 50% of the time. At the end of May, CBA told staff that they would be required to work ...

Editor's Choice

Entireti appoints chief investment officer

JAMIE WILLIAMSON
The nation's largest financial advice group will soon welcome its first chief investment officer.

Bain Capital improves Insignia Financial bid

JAMIE WILLIAMSON
Insignia Financial has opened its books to Bain Capital after it matched CC Capital Partners' revised takeover offer.

Australian Ethical 'cautious' on valuations

ELIZA BAVIN
Australian Ethical says tech and AI will be important themes driving markets in 2025 but it is watching out for "curveballs".

Chief executive misbehaviour stifles investment returns

ANDREW MCKEAN
Secret affairs, sexual harassment, and systemic abuses of power by chief executives and senior leaders have the potential to erode investment returns, according to Acadian Asset Management.

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SCHRODER INVESTMENT MANAGEMENT AUSTRALIA LIMITED
Schroders Australia's Kellie Wood talks about winning a lot, so much so that it's become a well-intentioned joke with her co-workers - but it's this ambitious attitude that spurs her on every day. Eliza Bavin writes.
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