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Showing 1271 - 1280 of 2907 results for "Commonwealth Bank"

CBA needs to"lift its game": Treasurer

LAURA MILLAN  |  MONDAY, 30 JUN 2014
Treasurer Joe Hockey said Commonwealth Bank (CBA) needs to "lift its game" and added that the bank has handled the scandals within its financial planning businesses and the Senate investigation "appallingly." Hockey spoke this weekend at the Liberal ...

Market wrap

AAP  |  MONDAY, 30 JUN 2014
... sales data for May ahead of the central bank's interest rate decision on Tuesday. Among the big four banks, the Commonwealth Bank was down 32 cents to $81.15, Westpac was minus 22 cents $33.95, ANZ had shed 17 cents to $33.43 and National Australian ...

ASIC changes depend on the government: Medcraft

LAURA MILLAN  |  FRIDAY, 27 JUN 2014
... plan for the long term." However, he admitted that the regulator's failure to address planner misconduct within Commonwealth Bank financial planning division "was not an issue of resources, our trust was misplaced." Medcraft said that ASIC has "30 staff ...

Inquiry has Macquarie Private Wealth in its sights

MARK SMITH  |  FRIDAY, 27 JUN 2014
... compliance culture." Macquarie was not available for comment. Jeff Morris, the whistleblower at the heart of the Commonwealth Bank financial planning scandal, has warned that the recently published findings of the Senate Economics Committee inquiry are ...

Government plays down support for royal commission

JAMES FERNYHOUGH  |  FRIDAY, 27 JUN 2014
... it may be unwilling to consider the Senate Committee's recommendation that there be a royal commission into Commonwealth Bank of Australia (CBA). Prime Minister Tony Abbott said the government would "carefully consider" the parliamentary committee report. ...

CBA apologies again, refutes reckless culture accusations

LAURA MILLAN  |  FRIDAY, 27 JUN 2014
Commonwealth Bank has apologised again for the misconduct of its financial advisers that resulted in clients losing millions in retirement savings and has refuted accusations that its sales-based culture was "reckless." The bank has issued a statement ...

Senate inquiry reccommends Royal Commission into CBA

LAURA MILLAN  |  THURSDAY, 26 JUN 2014
... in the form of a judicial inquiry or a Royal Commission to examine the cases of adviser misconduct within the Commonwealth Bank financial planning businesses. This is one of the 61 recommendations that the Economics Committee has outlined in a 553-page ...

Market wrap

AAP  |  THURSDAY, 26 JUN 2014
... also higher, with Westpac gaining 46.5 cents to $34.295, National Australia Bank lifting 27 cents to $33.07, Commonwealth Bank adding 48 cents to $81.50 and ANZ 24 cents higher at $33.66. Among the miners, Rio Tinto was up 49 cents at $59.56, BHP was ...

Market wrap PM

AAP  |  WEDNESDAY, 25 JUN 2014
... at $58.98, BHP 32 cents lower at $36.14 and Fortescue Metals dropping 1.5 cents to $4.345. Among the banks, Commonwealth Bank had lost 43 cents at $81.15, National Australia Bank was down 8.5 cents at $32.995, Westpac had declined 18 cents to $33.97 ...

Investors should take responsibility for themselves: Medcraft

LAURA MILLAN  |  WEDNESDAY, 25 JUN 2014
... year ago after media reports revealed that the regulator had failed to act against cases of misconduct within Commonwealth Bank's financial planning unit. Speaking at an Australian Institute of Company Directors (AICD) event, Medcraft outlined ASIC's ...