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Showing 441 - 450 of 3425 results for commonwealth bank

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 ...

Colonial First State names executive chair

JAMIE WILLIAMSON  |  THURSDAY, 18 MAR 2021
... lead the business, supporting the execution of strategy and overseeing a program of significant investment by Commonwealth Bank and KKR "to make CFS one of the most competitive superannuation and investments businesses in Australia, which will benefit ...

Former Wallaby departs Westpac for NAB

ANNABELLE DICKSON  |  WEDNESDAY, 17 MAR 2021
... first joined Westpac as national manager for St George auto finance and was previously head of asset finance at Commonwealth Bank. Prior to joining the finance industry, Waugh was a professional rugby union player for over 12 years and played in the ...

Chances of CBA admitting to Essential Super wrongdoing "non-existent"

JAMIE WILLIAMSON  |  FRIDAY, 12 MAR 2021
Lawyers for Commonwealth Bank (CBA) and Colonial First State (CFS) in its ongoing case against ASIC have told the court the parties have no intention of admitting to any contraventions in relation to Essential Super and an alleged $22 million in conflicted ...

Frontier zeroes in on poor culture

KARREN VERGARA  |  THURSDAY, 11 MAR 2021
... Say One Thing and Do Another, Rafe focused on two case studies from the financial services Royal Commission - Commonwealth Bank and Westpac. Despite the many unethical behaviours of senior leaders who knowingly maximised profits at the expense of unsuspecting ...

Colonial Super Retirement Fund rejigs managers

KANIKA SOOD  |  WEDNESDAY, 3 MAR 2021
... Rollover & Superannuation Fund ($2.5 billion) and Colonial Super Retirement Fund (about $3 billion). Meanwhile, Commonwealth Bank Group Super had about $12.7 billion and Commonwealth Essential Super had about $3.3 billion in assets.

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 ...