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Showing 251 - 260 of 2907 results for "Commonwealth Bank"

ASIC appeals CFS, CBA decision

JAMIE WILLIAMSON  |  THURSDAY, 27 OCT 2022
ASIC is appealing the Federal Court's ruling in its conflicted remuneration case against Commonwealth Bank and Colonial First State. The case related to the Essential Super product, with ASIC alleging the two entities breached conflicted remuneration ...

CommSec, AUSIEX to pay $27m penalty

JAMIE WILLIAMSON  |  WEDNESDAY, 26 OCT 2022
... CommSec and AUSIEX's services be carried out, along with a review of their respective remediation processes. Commonwealth Bank said it has already paid total remediation of $6.5 million including interest. "It is essential that market participants ...

RBA downplays exchange rate inflationary impacts

ANDREW MCKEAN  |  TUESDAY, 25 OCT 2022
At the Commonwealth Bank Global Markets conference, Reserve Bank of Australia (RBA) assistant governor Christopher Kent said inflation is too high in most economies, reflecting disruptions to supply coupled with strong demand. In his presentation, Kent ...

CountPlus appoints group head of people and culture

CASSANDRA BALDINI  |  MONDAY, 24 OCT 2022
... financial services experience to the role. She has previously held senior human resources positions at AMP, the Commonwealth Bank, News Corp, and the global professional services firm, Marsh McLennan. CountPlus chief executive Hugh Humphrey said the ...

Fortnum expands engagement, growth team

CASSANDRA BALDINI  |  WEDNESDAY, 19 OCT 2022
... Hunter Wealth Financial Advisers. Gapps has also held senior positions at ANZ Wealth, BT Financial Group, and the Commonwealth Bank. Fortnum's group chief executive and managing director Neil Younger said the group is focused on working closely with ...

Court dismisses CBA, CFS conflicted remuneration case

JAMIE WILLIAMSON  |  THURSDAY, 29 SEP 2022
The Federal Court dismissed ASIC's case against Commonwealth Bank and Colonial First State in relation to the distribution of Essential Super. CBA staff signed up over 390,000 people to CFS's Essential Super between July 2013 and June 2019. ...

Remediation bills revealed amid call for levy freeze extension

JAMIE WILLIAMSON  |  WEDNESDAY, 24 AUG 2022
... Australia calls for an extension to the adviser levy freeze. The figure is the total from ASIC show AMP, ANZ, Commonwealth Bank, Macquarie, NAB and Westpac's respective remediation programs that were commenced following the regulator's reviews into fees ...

NGS Super chief executive retires

JAMIE WILLIAMSON  |  MONDAY, 22 AUG 2022
... joined from AMP where she was senior manager, trustee governance. She also held roles at Suncorp, Perpetual and Commonwealth Bank. NGS Super is currently recruiting for a permanent replacement.

Commonwealth Bank profit nears $10bn

CASSANDRA BALDINI  |  WEDNESDAY, 10 AUG 2022
Commonwealth Bank (CBA) reported its cash net profit has risen 11% to $9.6 billion and its net profit increased 9% to $9.7 billion since last year. The banking giant said home loans, up 7.4%, contributed to the strong earnings as well as growth in core ...

Financial abuse linked to violence: CBA, UNSW

ANDREW MCKEAN  |  MONDAY, 1 AUG 2022
Commonwealth Bank and the UNSW Generated Violence Research Network (GVRN) partnership commented on findings showing economic and financial abuse is linked to domestic and family violence. Statistics show that one in four women and one in 13 men have ...