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Showing 351 - 360 of 1264 results for "CBA"

ASIC moves on Dollarmites

HARRISON WORLEY  |  FRIDAY, 19 OCT 2018
... Australians about the importance of saving by using the school to facilitate deposits. However, after recent criticism of CBA's 87-year-old Dollarmites program, the corporate regulator has decided it wants to "better understand" how school banking programs ...

Ban Dollarmites: Spot poll

KARREN VERGARA  |  MONDAY, 15 OCT 2018
... disagreed with this statement, claiming that initiatives like Dollarmites help promote financial literacy at a young age. CBA recently came under fire for its 87-year-old Dollarmites program after it was awarded a Shonky award from consumer advocacy ...

CBA releases remediation scorecard

KANIKA SOOD  |  THURSDAY, 11 OCT 2018
An independent review of CBA's remediation action plan says the bank has satisfactorily hit just one of its 153 milestones as at August end, but is showing evidence of commitment. CBA was required to put together a remediation action plan after APRA ...

CBA to refund dead customers, grandfathered commissions

JAMIE WILLIAMSON  |  TUESDAY, 9 OCT 2018
... commissions charged to clients of Commonwealth Financial Planning. Taking further action to improve its wealth management business, CBA has announced it will be reviewing advice fees charged to deceased estates across all its advice licensees and issuing ...

Bank cross-selling success declines: Research

KANIKA SOOD  |  MONDAY, 8 OCT 2018
... products). That share has fallen in the last four years, with NAB seeing the greatest loss of 3.7% bringing its share to 29.5%. CBA maintains 31%, down 2.6% since 2014 while ANZ came in with 27.7% for the year ending June 2018. This is a 1.1% slide in ...

KKR offers $2.6b to acquire MYOB

KANIKA SOOD  |  MONDAY, 8 OCT 2018
... relation to the proposal at this stage. There is no certainty that the proposal will result in a transaction." UBS Group AG and CBA both ceased to be substantial shareholders for MYOB last month, according to company filings. MYOB has a market cap of ...

CBA fires up over Dollarmites criticism

HARRISON WORLEY  |  FRIDAY, 5 OCT 2018
... widespread criticism of its longstanding Dollarmites program. Executive general manager of the bank's retail arm, Mark Jones said CBA is proud of its school banking program, which has been running now for 87 years. "We are proud to have been able to ...

ASIC appeal convicts former CBA planner

KARREN VERGARA  |  THURSDAY, 4 OCT 2018
ASIC has successfully helped convict a former CBA financial planner on appeal. ASIC, together with the Commonwealth Director of Public Prosecutions (CDPP), appealed the sentence of former Commonwealth Financial Planning adviser Ricky David Gillespie. ...

Regulatory inadequacy to blame: Hayne

JAMIE WILLIAMSON  |  FRIDAY, 28 SEP 2018
... common rhetoric within the industry that misconduct comes down to 'a few bad apples'; a defence used numerous times by AMP, CBA and Westpac in recent years. Rhetoric of this kind is common. And responses of this kind to revelations of wrongdoings are ...

AMP ditches SMSF lending

KANIKA SOOD  |  WEDNESDAY, 26 SEP 2018
AMP Bank has pulled the plug on its SMSF lending business, joining CBA and Westpac. AMP will support current SMSF home loan customers. But starting November, they will not be able to switch to interest-only or refinance their loans. This leaves Macquarie ...