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Showing 421 - 430 of 2903 results for "Commonwealth bank"

APRA reduces CBA capital requirement

ANNABELLE DICKSON  |  FRIDAY, 20 NOV 2020
The Australian Prudential Regulation Authority (APRA) has made the decision to reduce Commonwealth Bank's additional capital requirement by half after improving governance concerns. The $1 billion capital add-on has been halved to $500 million with ...

Shipton's tax bill under scrutiny

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 NOV 2020
... difficult, isn't it?" "No," Samuel said. He pointed to Matt Comyn's transformation of the culture at the Commonwealth Bank as being an example of cultural change happening quickly, thanks to a zero-tolerance policy. "Anyone who says [cultural ...

CountPlus to continue acquisition spree

ANNABELLE DICKSON  |  MONDAY, 16 NOV 2020
... Count Financial. As at September 30, there are 1732 Count Financial client remediation matters as assessed by Commonwealth Bank with the bank providing $1.735 million in payments and a $300 million indemnity to cover past conduct. As a result, Count ...

Mike Baird to chair government fund

ELIZABETH MCARTHUR  |  FRIDAY, 13 NOV 2020
... the capital they need to grow. The Commonwealth Government is a shareholder in the fund, alongside ANZ, the Commonwealth Bank, the NAB, Westpac, HSBC and Macquarie. Treasurer Josh Frydenberg announced the appointment after the inaugural chair of the ...

Link hires from QSuper, NAB

JAMIE WILLIAMSON  |  FRIDAY, 13 NOV 2020
... role for close to four years. Prior to that he was executive director, consulting and strategic partnerships at Commonwealth Bank. In total he has over 20 years' experience in financial services, having also held senior roles with the likes of Thiess ...

CBA feels pressure of low rates, profits down

ANNABELLE DICKSON  |  WEDNESDAY, 11 NOV 2020
Commonwealth Bank of Australia reported a decrease in cash profit down for the September quarter due to lower margins and higher expenses. The preliminary figures show cash profits down 16% to $1.8 billion on the same period in the previous year. The ...

RBA, CBA, NAB partner for wholesale currency

ANNABELLE DICKSON  |  TUESDAY, 3 NOV 2020
... using distributed ledger technology (DLT) for settlement. As a part of the RBA's research on wholesale CBDC, Commonwealth Bank, NAB, Perpetual and blockchain company ConsenSys Software will develop a proof-of-concept (POC) for a tokenised form of ...

CFS Investments chair to retire

KARREN VERGARA  |  FRIDAY, 30 OCT 2020
The chair of Commonwealth Bank's Colonial First State Investments and Avanteos Investments will retire at the end of year. Anne Ward will finish up her eight-year term as non-executive director and chair at the end of December 2020. The group is ...

Synchron hires from MLC Life

ELIZA BAVIN  |  FRIDAY, 30 OCT 2020
... a highly-valued member of the Synchron community." Congdon began her career as an insurance specialist with Commonwealth Bank and also worked in London as a senior secretary for Morgan Stanley. "I have always been impressed by the Synchron culture, the ...

Carlyle buys into Calastone, ups Link bid

KARREN VERGARA  |  TUESDAY, 27 OCT 2020
... has boomed since the onset of the pandemic. PEXA is a digital property settlement solution co-owned by Link, Commonwealth Bank and Lightyear Investments. Link is in the process of reviewing the revised proposal.