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Showing 21 - 30 of 199 results for "Business Bank"

Former advisers costs CBA $1.2bn in remediation

KARREN VERGARA  |  WEDNESDAY, 9 AUG 2023
Commonwealth Bank's $1.2 billion bad advice remediation bill represented a small fraction of its whopping $10.2 billion profit, the full-year financial results show. The total customer remediation amounted to a huge $2.6 billion in the 2023 financial ...

ACCC slams door on ANZ, Suncorp deal

CASSANDRA BALDINI  |  FRIDAY, 4 AUG 2023
The Australian Consumer and Competition Commission (ACCC) has declined ANZ's $4.9 billion bid to acquire Suncorp Group's banking arm, citing concerns around competition and potential consumer detriment. The regulatory body said it remains unsatisfied ...

Westpac closes Specialist Businesses Division

JAMIE WILLIAMSON  |  THURSDAY, 20 JUL 2023
Westpac has decided to fold the Specialist Businesses Division that once housed its platforms, superannuation and insurance businesses, redeploying its lead Jason Yetton. The bank has restructured in support of its next strategic phase, chief executive ...

ANZ, Suncorp deal cops industry backlash

CASSANDRA BALDINI  |  TUESDAY, 19 JUL 2022
ANZ's proposed takeover of Suncorp's banking division has generated varying industry speculation. The Australian Competition and Consumer Commission (ACCC) has raised concerns around the deal and announced plans to commence a review of the acquisition ...

Global fintech Smart expands pension offering to Australia

CASSANDRA BALDINI  |  TUESDAY, 12 JUL 2022
Global retirement technology provider Smart is expanding to Australia, establishing an office in Melbourne. Smart technology powers UK Smart Pension, a digitally led pension and retirement scheme setup for employers. The Australian business will operate ...

Westpac outlines new social initiatives

CHLOE WALKER  |  MONDAY, 20 JUN 2022
The initiatives have a strong focus on women's financial security, including increasing home ownership rates among females. Westpac has expanded eligibility for its existing Lender's Mortgage Insurance (LMI) Waiver to include more health professions. ...

Commonwealth Bank makes raft of new appointments

ANDREW MCKEAN  |  FRIDAY, 13 MAY 2022
Eight people across institutional banking and markets have been promoted to the level of managing director at Commonwealth Bank. CBA's group executive of institutional banking and markets Andrew Hinchliff made the announcement in an internal meeting. ...

Sudden departure for CountPlus chief

KARREN VERGARA  |  THURSDAY, 17 FEB 2022
The chief executive of ASX-listed CountPlus has abruptly stepped down three months after he was reappointed to the post. Matthew Rowe, who also serves as managing director, exits on February 24. Chief financial officer Laurent Toussaint assumes the ...

NSW small businesses offered support

JAMIE WILLIAMSON  |  MONDAY, 31 JAN 2022
Small businesses across New South Wales will have access to $1 billion in support for the month of February as the shadow COVID-19 lockdown continues. Announced over the weekend, the NSW government package is being offered to workers, businesses, and ...

Westpac New Zealand names chief executive

ANNABELLE DICKSON  |  FRIDAY, 24 SEP 2021
The big four bank appointed a former Barclays Group executive to lead its New Zealand business. Catherine McGrath recently returned to New Zealand from London where she spent eight years at Barclays and was most recently head of channels. In this role ...