Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 431 - 440 of 3424 results for commonwealth bank

New board director at AFIC

KANIKA SOOD  |  THURSDAY, 22 APR 2021
... per year fees. At March end, it had a $110 million shareholding in Seek. AFIC's five biggest holdings include Commonwealth Bank of Australia ($680.2 million), BHP ($607.6 million), CSL ($578.3 million), Wesfarmers ($288.3 million), Westpac ($379.5 million). ...

Koda Capital adds director

ELIZABETH MCARTHUR  |  WEDNESDAY, 21 APR 2021
... appointed as a non-executive director. Schibrowski was previously the chief transformation officer for NewCo at the Commonwealth Bank. Prior to that, she had a 13-year career at UBS where she was head of capital markets, investment products and services ...

Junk insurance lands Westpac in court

KARREN VERGARA  |  THURSDAY, 8 APR 2021
... pool came from NZ, Australian Central Credit Union, Bank of Queensland, Bendigo and Adelaide Bank, Citigroup, Commonwealth Bank, Credit Union Australia, Latitude Finance Australia, NAB and Suncorp. ASIC's Report 622, Consumer credit insurance: Poor value ...

CBA to pay $7m for overcharged interest

ANNABELLE DICKSON  |  THURSDAY, 8 APR 2021
The Federal Court has imposed a $7 million penalty on Commonwealth Bank for charging higher interest rates on business overdraft accounts than what it advised its customers over a four-year period. Following an investigation by ASIC, CBA admitted to ...

HESTA hires investment manager

ELIZABETH MCARTHUR  |  WEDNESDAY, 7 APR 2021
... decade in various investment analyst roles with The Gandel Group. She got her start in the industry through the Commonwealth Bank graduate program, according to her LinkedIn profile. HESTA confirmed to Financial Standard sister publication Industry Moves ...

Elston grows distribution team

ANNABELLE DICKSON  |  WEDNESDAY, 7 APR 2021
... and South Australia. Weber was previously a business development associate at HUB24 and spent five years at Commonwealth Bank in trading. In his new role, Weber will be working with Elston's New South Wales distribution team. "We're really excited to ...

MLC enhances managed accounts leadership

ANNABELLE DICKSON  |  TUESDAY, 6 APR 2021
... joins from Mercer where he was an asset consultant. Bevan was previously executive manager, head of research for Commonwealth Bank's wealth business and was senior manager, advice & investment research. Prior to that he was a senior financial adviser ...

ASIC sues CBA over monthly fees

ANNABELLE DICKSON  |  THURSDAY, 1 APR 2021
The corporate regulator has commenced civil proceedings against Commonwealth Bank over allegations it wrongly charged monthly fees to customers over a nine-year period. ASIC alleges CBA incorrectly charged $55 million in monthly access fees to nearly ...

Industry fund chief steps down

KARREN VERGARA  |  TUESDAY, 23 MAR 2021
... a brief period before becoming chief executive. Like Mitchell, Bain joined the industry fund sector from the Commonwealth Bank. Recreo, with $12 billion funds under administration, will merge with corporate and superannuation trustee Certane Group. The ...

ANZ, CBA settle class action

ANNABELLE DICKSON  |  MONDAY, 22 MAR 2021
ANZ and Commonwealth Bank (CBA) have both reached an agreement to settle a class action in the US related to the trading of bank bill swap (BBSW) products in 2016. The class action commenced in 2016 in the United States District Court for the Southern ...