Search ResultsShowing 11 - 20 of 100+ results for "Commonwealth Bank"
CBA finalises CommInsure sale
ELIZA BAVIN  |  FRIDAY, 1 NOV 2019
Commonwealth Bank has completed the divestment of its life insurance business to AIA Australia, which includes a 25-year joint co-operation agreement. After more than two years of negotiations, CBA said it has received an upfront payment of $500 million ...
Chief economist update: Beam us up Scotty
BENJAMIN ONG  |  FRIDAY, 25 OCT 2019
... policy decision. Nah Governor, for survey says we're now teetering on the brink. The flash estimate of the Commonwealth Bank Composite PMI fell to a reading of 50.7 in October from 52.0 in the previous month as both the manufacturing (down to 50.1) ...
New board positions for J.P.Morgan, CBA executives
ELIZA BAVIN  |  THURSDAY, 24 OCT 2019
... announced the appointment of a new chair and deputy chair on its board, bringing in C-suite executives from the Commonwealth Bank and J.P. Morgan. The Australian Financial Markets Association has appointed Robert Bedwell, chief executive of Australia ...
Westpac takes $1 billion profit hit
ELIZA BAVIN  |  THURSDAY, 24 OCT 2019
... while National Australia Bank added an extra $1.18 billion bringing its total remediation bill over $2 billion. Commonwealth Bank said it has compensated customers over $2 billion in the past financial year.
Whistleblower calls out approved product lies
ELIZA BAVIN  |  WEDNESDAY, 23 OCT 2019
... payments from third party life insurers, amongst other things. The report includes responses from MLC Advice, Commonwealth Bank and IOOF, gathered as part of a survey conducted by Morris. All of which said they were confident in the in their practices. ...
Colonial First State hit with second class action in less than a week
ELIZA BAVIN  |  MONDAY, 21 OCT 2019
... advisers. The class action is on behalf over 500,000 Australians and is the second against CFS, a subsidiary of Commonwealth Bank to be filed in less than a week. The action alleges that since 2013 CFS failed to act in the best interests of its members ...
CountPlus firm acquires advice boutique
HARRISON WORLEY  |  THURSDAY, 17 OCT 2019
... and businesses, and this acquisition by Kidmans reflects that model," Rowe said. In 2015, CountPlus - then Commonwealth Bank-owned - sold its 30% stake in Kidmans to partners, employees and principals, having first purchased 25% of the firm in 2010. ...
Count Financial bolsters team as part of transition
ELIZABETH MCARTHUR  |  THURSDAY, 17 OCT 2019
Count Financial has bolstered its leadership team as part of its acquisition by CountPlus. The Commonwealth Bank sold Count Financial to CountPlus for $2.5 million, finalizing the sale at the end of August. John Corcoran has now stepped into the position ...
MLC Life strengthens group insurance team
JAMIE WILLIAMSON  |  MONDAY, 14 OCT 2019
... senior product roles with CommInsure and previously worked in dispute resolution for advice and investments at Commonwealth Bank. Confirming the appointment, a spokesperson for MLC Life told Financial Standard: "Emily is an invaluable addition to the ...
CommInsure charged over hawking
HARRISON WORLEY  |  FRIDAY, 4 OCT 2019
... unsolicited telephone calls to sell life insurance, and faces up to $1.8 million in penalties. ASIC is alleging the Commonwealth Bank subsidiary unlawfully sold life insurance policies over the phone after providing CBA customer details to a telemarketing ...
Link to something ZISw8p0B