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Showing 391 - 400 of 2903 results for "Commonwealth bank"

ASIC drags CommSec to court

ELIZABETH MCARTHUR  |  MONDAY, 1 MAR 2021
... times since 2012, receiving fines total more than $1 million. Both CommSec and AUSIEX are fully owned by the Commonwealth Bank, though AUSIEX was acquired Nomura Research Institute in April 2020 with the transaction yet to be finalised.

ASIC takes NAB to court

KANIKA SOOD  |  THURSDAY, 25 FEB 2021
... penalties for mischarging PP fees for 12 years to business and personal banking customers ending in September 2015. Commonwealth Bank last month plead guilty to a slightly different matter - it charged customers higher interest on overdraft fees than ...

Link flags PEXA listing

KARREN VERGARA  |  THURSDAY, 25 FEB 2021
... parties in buying the property settlement platform. Link, together with Morgan Stanley Infrastructure Partners and Commonwealth Bank, said that they are exploring the possibility of an IPO for the digital property settlement solution. Link has a 44.18% ...

Seek launches investments arm

ELIZA BAVIN  |  TUESDAY, 23 FEB 2021
... continue to deliver a world-class experience for partners and students." The transition will see Ian Narev, former Commonwealth Bank boss, take over as chief executive of Seek, effective 1 July 2021. "I am honoured that Andrew and the board have chosen ...

CBA guilty of deceptive conduct

ELIZA BAVIN  |  WEDNESDAY, 17 FEB 2021
The Federal Court has found Commonwealth Bank of Australia made false or misleading statements and engaged in deceptive conduct on over 12,000 occasions. Justice Lee found that CBA breached financial services law 12,119 times when charging a rate of ...

Financial sector has deep pockets for philanthropy: Report

KARREN VERGARA  |  FRIDAY, 12 FEB 2021
... profit. Coles came out on top, donating $125 million in 2020 or 7.3% of its profit on a rolling three-year basis. Commonwealth Bank led the pack among the banks, donating $70million or 0.7% of its profit. BHP gave the largest dollar value in the list ...

CBA slashes profits, boosts dividends

KARREN VERGARA  |  WEDNESDAY, 10 FEB 2021
Commonwealth Bank has rewarded shareholders with a generous dividend payout despite its latest results falling short of expectations. December 2020 half-year results show the bank's net-profit after tax dipped 21% to $4.9 billion on the prior corresponding ...

What to expect from February reporting season

KANIKA SOOD  |  WEDNESDAY, 3 FEB 2021
... to earnings. Many financials will start reporting next week, with Challenger and Macquarie slated for Feb 9, Commonwealth Bank for the February 10 and AMP, ASX and Magellan for February 11. Financial stocks' 12-month forward PE is 16.7x, which is higher ...

Australians Googling for advice

KANIKA SOOD  |  WEDNESDAY, 3 FEB 2021
... confirmed breaches in relation to financial advice, such as ASIC warning real estate bodies and acting against Commonwealth Bank for conflicted remuneration. Such misconduct stories accounted for nine of the 20 articles with the most engagement from ...

AMP Capital names new executive

ELIZA BAVIN  |  WEDNESDAY, 3 FEB 2021
... joined AMP Capital in 2006, departing his position as business development manager for geared investments at Commonwealth Bank. At AMP Capital, Mazzarelli has taken on several roles including Victorian state account manager, national strategic accounts ...

Editor's Choice

Global X awards mandate for ETF business

ELIZA BAVIN
Global X has awarded a new custody and administration mandate for its Australian ETF business.

Bell Asset Management launches small-caps fund

KARREN VERGARA
Bell Asset Management has formally launched its Australian Small Companies Fund, which is run by former Tyndall Asset Management portfolio managers.

Former Australian Ethical finance chief lands new gig

MATTHEW WAI
The former chief financial officer of the ethical investment manager has joined a local finance company after wrapping up his tenure at AUB Group.

MySuper assets pursue $1.5tn Choice sector

KARREN VERGARA
MySuper assets are fast catching up to the $1.5 trillion Choice sector, hitting nearly $1.2 trillion in the March quarter.

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