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Showing 1351 - 1360 of 3426 results for commonwealth bank

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 ...

Market wrap

AAP  |  WEDNESDAY, 20 AUG 2014
... billion. The banking sector helped offset those falls, with ANZ up 22 cents at $33.04, NAB up 16.5 cents to $34.095 and Commonwealth five cents higher at $80.04. Westpac bucked that trend, down seven cents at $34.71. Among the many companies to report ...

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 ...

Market Wrap AM

AAP  |  MONDAY, 18 AUG 2014
... UK business. Among the other banks, Westpac was down 17 cents at $33.92, ANZ was down seven cents at $32.32 while Commonwealth was up 2.5 cents at $81.225. In the resources sector, BHP Billiton had added 11 cents at $39.16, but Rio Tinto was down five ...

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 ...