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Showing 1201 - 1210 of 2907 results for "Commonwealth Bank"

AMP lifts minimum adviser standards

LAURA MILLAN  |  THURSDAY, 21 AUG 2014
... while existing advisers have up to 31 December 2019 to do so. AMP's decision follows a similar announcement by Commonwealth Bank (CBA), which has been at the centre of a Senate inquiry after media reports unveiled cases of adviser misconduct and inconsistent ...

Countplus misses profit guidance

ALICE URIBE  |  THURSDAY, 21 AUG 2014
... of the total net group revenue. "The financial planning revenue benefited from loyalty payments made by the Commonwealth Bank, as a result of the takeover of Count Financial, to Count Finance franchisees," the statement said. According to the announcement ...

Greens slam CBA executives pay rise

LAURA MILLAN  |  TUESDAY, 19 AUG 2014
Top Commonwealth Bank (CBA) executives should have frozen their salaries or even taken a pay cut while the compensation process for thousands of victims of poor financial advice remains ongoing, Greens Senator Peter Wish-Wilson said. "It is not a good ...

Market wrap

AAP  |  TUESDAY, 19 AUG 2014
... supportive," he said. Mr McCarthy said the gains on the ASX were particularly impressive, given the drag from the Commonwealth Bank of Australia, which started trading ex-dividend. CBA shares were down $1.85, or more than two per cent, to $79.55. The ...

Maurice Blackburn mulls class action against Macquarie

LAURA MILLAN  |  MONDAY, 18 AUG 2014
... problems that the Senate inquiry into the Australian Securities and Investments Commission (ASIC) identified in Commonwealth Bank's (CBA) compensation of financial advice clients. "This scheme poses the same problems: there is no reference to handing ...

APRA releases additional requirements for large instos

LAURA MILLAN  |  FRIDAY, 15 AUG 2014
... adequacy for Australia's largest financial institutions. The new conditions would apply to AMP, ANZ, Challenger, Commonwealth Bank, Macquarie Group, National Australia Bank, Suncorp and Westpac. APRA said it has deferred the decision on its final implementation ...

Market wrap

AAP  |  FRIDAY, 15 AUG 2014
... around the globe but nobody's getting carried away." At 1210 AEST the banking sector was performing well, with Commonwealth Bank gaining 26 cents to $81.28, Westpac added 26 to $34.21 and NAB was up 17 cents to $34.77. But, ANZ's $5.2 billion cash profit ...

Macquarie forced to contact all advice clients for remediation

LAURA MILLAN  |  FRIDAY, 15 AUG 2014
... and Investments Commission (ASIC), forces Macquarie to establish a compensation process that mirrors that of Commonwealth Bank's financial planning divisions, Commonwealth Financial Planning and Financial Wisdom. At the time of publishing, Macquarie ...

CBA dismisses Murray's concerns over vertical integration

LAURA MILLAN  |  THURSDAY, 14 AUG 2014
Commonwealth Bank (CBA) chief executive Ian Narev dismissed concerns expressed by the Financial System Inquiry (FSI) interim report that Australia's big institutions control both the manufacturing and distribution of financial products. "We need to ...

Market wrap

AAP  |  THURSDAY, 14 AUG 2014
... as Westpac rose 12 cents to $33.84, NAB added seven cents to $34.39 and ANZ put on three cents to $32.77. But Commonwealth Bank bucked the trend and fell four cents to $80.92. Optus' parent company Singapore Telecommunications rose one cent to $3.36 ...