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Showing 411 - 420 of 1264 results for "CBA"

CBA sells interests in Chinese insurer

JAMIE WILLIAMSON  |  WEDNESDAY, 23 MAY 2018
Commonwealth Bank has offloaded its stake in a Chinese life insurance joint venture for $668 million. CBA sold its 37.5% equity interest in BoComm Life Insurance to Japanese insurer Mitsui Sumitomo as per a condition of the bank's sale of its Australian ...

VOFF asks Medcraft to "face the music"

ALEX BURKE  |  WEDNESDAY, 23 MAY 2018
... political appointments such as Medcraft's to key corporate governance positions." VOFF's sentiment was echoed by former CBA financial planner-turned-whistleblower Jeff Morris during the Royal Commission financial advice hearings, who tweeted ...

CBA advice executive departs

JAMIE WILLIAMSON  |  TUESDAY, 22 MAY 2018
... it is in the process of recruiting a new group executive, people and culture following the resignation of Belinda Jefferys. CBA told Financial Standard that general manager, bank financial planning Hugh Humphrey will serve as executive general manager ...

Advice fintech shutters Sydney office

ALEX BURKE  |  TUESDAY, 15 MAY 2018
... problems faced by our prospective clients." Earlier in May, Intiger announced it was now producing statements of advice for CBA pilot programs, which will apply to Commonwealth Financial Planning, Financial Wisdom and Count. Intiger explained it was ...

Commonwealth Bank CFO resigns

JAMIE WILLIAMSON  |  MONDAY, 14 MAY 2018
... institutional banking and markets Alan Docherty will act in the role until a permanent replacement is appointed. Docherty joined CBA in 2003, having previously held roles with Arthur Andersen, EY and PwC in the UK. "I am very pleased to have someone ...

ASIC and FPA submit recommendations to RC

HARRISON WORLEY  |  FRIDAY, 11 MAY 2018
... and to the maximum possible extent." The regulator cited evidence provided to the commission by executive general manager of CBA's private banking arm, Marianne Perkovic, who highlighted an offer of an annual review was sufficient for ongoing service ...

CBA cops $25 million for BBSW rigging

KANIKA SOOD  |  WEDNESDAY, 9 MAY 2018
... will fork out $25 million to settle its bank bill swap rate rigging scandal, adding to the bank's pile of settlement payouts. CBA will acknowledge it "attempted to engage in unconscionable conduct in breach of the ASIC Act" while trading on the BBSW ...

David Murray becomes AMP chair

ALEX BURKE  |  FRIDAY, 4 MAY 2018
AMP has named Financial System Inquiry overseer and former CBA chief executive David Murray as its new chair. He will take on the role after AMP's annual general meeting in July, at which point executive chair Mike Wilkins will return to the position ...

CFS partners to create ESG fixed income fund

KANIKA SOOD  |  THURSDAY, 3 MAY 2018
... active engagement, whilst ensuring repeatable performance and sustainable impact. The fund also aids CFS's strategy to help CBA fund $15 billion of low energy carbon projects by 2025. Last month, $738 billion asset manager Dimensional launched a new ...

CBA finds no evidence of customer data breach

ALEX BURKE  |  THURSDAY, 3 MAY 2018
... confirm this had occurred. KPMG determined that the likely scenario was that the tapes had been disposed of. As a precaution, CBA implemented ongoing monitoring of the 19.8 million customer accounts whose details were included on the tapes and has acted ...