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Showing 1421 - 1430 of 3426 results for commonwealth bank

CBA boss to be grilled on Senate report

AAP  |  THURSDAY, 3 JUL 2014
Commonwealth Bank (CBA) boss Ian Narev will front the media for the first time since a damning report called for a royal commission to investigate its financial advisers. Narev will face a media conference in Sydney at 1045 AEST on Thursday, a week ...

Inquiry sees spike in demand for legal action against CBA

LAURA MILLAN  |  WEDNESDAY, 2 JUL 2014
Law firms working to start a class action against Commonwealth Bank's (CBA) financial planning businesses have seen a spike in the number of affected consumers willing to join the legal cause. Maurice Blackburn principal John Berrill and Shine Lawyers ...

Market wrap

AAP  |  WEDNESDAY, 2 JUL 2014
... quite substantially is the reason why our broader market is looking very good today." Among the big four banks, Commonwealth Bank was up 71 cents to $80.68, Westpac had gained 37.50 cents to $33.755, ANZ had risen 37.50 cents to $33.215 and National ...

Market wrap

AAP  |  TUESDAY, 1 JUL 2014
... and Fortescue Metals had gained one cent to $4.36. The big banks were dragging on the market so far, with the Commonwealth Bank down 28 cents to $80.60, Westpac 12 cents lower at $33.76, ANZ shedding 14 cents to $33.20 and National Australian Bank falling ...

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 ...