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Showing 171 - 180 of 499 results for "Bank SA"

CBA admits to anti-money laundering breaches, AUSTRAC flags new allegations

KARREN VERGARA  |  THURSDAY, 14 DEC 2017
CBA admitted systems glitches have led to it breaching anti-money laundering and counter-terrorism laws on more than 53,000 occasions, and flagged it is bracing itself for new allegations to be handed down by AUSTRAC. In filings submitted in response ...

AMP flags departures in distribution restructure

KARREN VERGARA  |  WEDNESDAY, 13 DEC 2017
AMP has restructured its sales team to align with its wealth management and insurance businesses. The move will create specialist roles which will better align the broker and adviser bank sales teams, an AMP spokesperson told Financial Standard. Of ...

Deutsche Asset Management rebrands

KARREN VERGARA  |  WEDNESDAY, 6 DEC 2017
Deutsche Bank's asset management business will rebrand under its global retail arm DWS. The bank said all of Deutsche Asset Management's business lines - institutional and retail segments and across its active, passive and alternatives range - will ...

NAB to simplify operations via job cuts

JAMIE WILLIAMSON  |  THURSDAY, 2 NOV 2017
About 4000 NAB employees look set to lose their jobs by 2020 as the bank further automates its business. Releasing its full year results, NAB said a reshaping of its workforce would see the creation of 2000 new jobs to 2020, though overall about 6000 ...

ANZ Wealth drags group's earnings

KARREN VERGARA  |  THURSDAY, 26 OCT 2017
The sale of OnePath businesses will result in about $120 million in losses once the transaction is complete, ANZ flagged in its full-year results to September. Earlier this month the bank announced it will divest OnePath's pensions and investments ...

Colonial First State names new distribution head

ALEX BURKE  |  FRIDAY, 13 OCT 2017
Colonial First State has appointed a new general manager of distribution. Peter Chun has held multiple roles at CFS since joining in 2002, initially as head of super and investments. In between he served as director, product and marketing for Credit ...

NAB launches customer chatbot app

KARREN VERGARA  |  FRIDAY, 6 OCT 2017
NAB is ramping up its virtual assistance technology with the launch of a new customer banking voice-based app. Customers owning a smartphone with Google Assistant or a Google Home device can use the Talk to NAB app to ask general banking questions such ...

CBA mulls CFSGAM IPO, head of wealth departs

KARREN VERGARA  |  THURSDAY, 21 SEP 2017
Commonwealth Bank announced its asset management arm, Colonial First State Global Asset Management, is undergoing a strategic review and could potentially list as a public company. CFSGAM, with $219 billion in assets under management, has "achieved ...

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 ...

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 ...