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Showing 1241 - 1250 of 4381 results for "Commonwealth"

APRA names heavyweight panel to investigate CBA

EMMA RAPAPORT  |  FRIDAY, 8 SEP 2017
... experienced panel members to conduct an inquiry into the governance, culture and accountability frameworks of the Commonwealth Bank. Chairman of the Banking and Finance Oath, John Laker; professorial fellow in the Monash Business School, Professor Graeme ...

Group insurance inaction is "robbery": Inquiry

KARREN VERGARA  |  FRIDAY, 8 SEP 2017
... multiple accounts that's transparent enough to curb this problem. CommInsure managing director Helen Troup, one of four Commonwealth Bank representatives to front the hearing today, said it is up to the individual trustees of the super funds to determine ...

Labor takes aim at executive pay

EMMA RAPAPORT  |  WEDNESDAY, 6 SEP 2017
The Federal Opposition has adopted a new party policy to force Commonwealth entities, including investment managers, to publish details of executive remuneration. Formally amending the rules surrounding executive remuneration, Labor will aim to ensure ...

CBA class action moves forward

KARREN VERGARA  |  TUESDAY, 5 SEP 2017
IMF Bentham today announced it will formally fund an open class action against the Commonwealth Bank relating to alleged breaches of anti-money laundering and counter terrorism financing laws. The class action will consist of shareholders who purchased ...

Female SMSF investors more focused on securing retirement

JAMIE WILLIAMSON  |  MONDAY, 4 SEP 2017
... concentrated in cash and large cap domestic equities, but some SMSFs are more diversified than we give them credit for," Commonwealth Bank head of SMSF Customers, Marcus Evans said. "In the current low growth environment, it seems SMSFs have been seeking ...

Future Fund expected to grow to $200bn

EMMA RAPAPORT  |  THURSDAY, 31 AUG 2017
... grow to more than $200 billion over the next decade, enough to cover all unfunded superannuation liabilities of the Commonwealth though the whole of this century. Results for 2016-17 released this morning show the $133 billion fund returned 8.7%, exceeding ...

Treasurer backs APRA's CBA probe

KARREN VERGARA  |  THURSDAY, 31 AUG 2017
An interim report into APRA's inquiry into the Commonwealth Bank could be available in six months' time with appropriate action being taken, Treasurer Scott Morrison told this morning's Bloomberg Address. Morrison said he supported and is pleased with ...

CBA commits to bond-structured climate change solutions

EMMA RAPAPORT  |  WEDNESDAY, 30 AUG 2017
The Commonwealth Bank is aiming to grow the climate and green-aligned bond sector in Australia with a new global partnership. The bank, who arranged $1.02 billion of climate bonds into the Australia medium term note market in the 2017 financial year ...

Labor, FSU call for Royal Commission

KARREN VERGARA  |  TUESDAY, 29 AUG 2017
APRA's inquiry into the Commonwealth Bank reinforces an urgent need for a banking Royal Commission, according to Labor and the Finance Sector Union of Australia. If there are doubts about the need for a Royal Commission a year ago, there can be no doubts ...

APRA launches inquiry into CBA

EMMA RAPAPORT  |  MONDAY, 28 AUG 2017
The Australian Prudential Regulation Authority will establish an independent inquiry into the Commonwealth Bank, following a series of scandals which have called the integrity of Australia's largest bank into question. The inquiry, conducted by an APRA-appointed ...