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Showing 1251 - 1260 of 4381 results for "Commonwealth"

CBA faces shareholder class action

ALEX BURKE  |  WEDNESDAY, 23 AUG 2017
The Commonwealth Bank is potentially facing the largest shareholder class action in Australian history, according to Maurice Blackburn Lawyers. In a statement, Maurice Blackburn said it was partnering with litigation funder IMF Bentham to open registrations ...

IRESS eyes future earning potential following reduced profit

EMMA RAPAPORT  |  FRIDAY, 18 AUG 2017
... OpenMarkets and South African markets data and analytics provider INET BFA. IRESS has also deployed its technology to the Commonwealth Bank, Statewide Super, and Close Brothers Asset Management. Fund administrator MainstreamBPO announced its intention ...

ASIC and CBA discussing potential advice problem

EMMA RAPAPORT  |  TUESDAY, 15 AUG 2017
The hits keep coming for Commonwealth Bank with new details of problems within the bank that have cost customers and employees millions of dollars. Hours after the bank was forced to refund more than $10 million for mis-sold consumer credit insurance ...

CBA chief executive will stand down

EMMA RAPAPORT  |  MONDAY, 14 AUG 2017
Embattled Commonwealth Bank chief executive Ian Narev will retire from the bank by the end of the 2018 financial year, board chair Catherine Livingstone has announced. The decision, said to have been made by the board in conjunction with Narev, will ...

BlackRock takes majority stake in Australian solar farm

ALEX BURKE  |  FRIDAY, 11 AUG 2017
... finance for the project, comprising about $90 million, will be provided by the Clean Energy Finance Corporation, the Commonwealth Bank and Natixis. CEFC chief executive Ian Learmonth said the two farms "are helping drive Australia's clean energy transformation ...

Former investment bankers behind new platform

JAMIE WILLIAMSON  |  THURSDAY, 10 AUG 2017
... having previously served as a managing director at JPMorgan Chase Bank, executive manager - structured securities at Commonwealth Bank and chief executive of VentureCrowd. Miller was most recently managing director and head of derivatives sales at UBS ...

CBA contemplates CommInsure sale

ALEX BURKE  |  WEDNESDAY, 9 AUG 2017
Commonwealth Bank confirmed in its annual results presentation that third parties are discussing an acquisition of the bank's life insurance business. Describing CommInsure as a "strong business with scale, expertise, competitive products and access ...

First home super scheme may not make it to parliament in 2018

EMMA RAPAPORT  |  TUESDAY, 8 AUG 2017
... the Public Sector (Superannuation) Laws Amendment Bill, a bill which provides updates to existing legislation for Commonwealth employees, judges and parliamentarians. The First Home Super Saver Scheme (FHSSS), residential downsizing incentives, closing ...

CBA senior executives forego bonuses

EMMA RAPAPORT  |  TUESDAY, 8 AUG 2017
Commonwealth Bank chief executive officer Ian Narev and fellow group executives have been stripped of short-term bonuses ahead of tomorrow's financial results. The decision, made by the CBA board in a meeting yesterday, was reached following consideration ...

CBA blames reporting failure on software error

EMMA RAPAPORT  |  MONDAY, 7 AUG 2017
The Commonwealth Bank says its failure to notify AUSTRAC of more than 53,000 large cash deposits in its intelligent deposit machines was caused by a software error which was not discovered for more than two years. In a public statement CBA outlined ...