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Showing 451 - 460 of 3425 results for commonwealth bank

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 ...

Morningstar appoints director of manager selection

KANIKA SOOD  |  TUESDAY, 2 FEB 2021
... firm will recruit for a replacement. Ramrakha joined Morningstar in September 2018 and has previously worked as Commonwealth Bank's executive manager of research and BT Financial Group's head of technical services. "This move will allow us to support ...

Link scraps European acquisition

KARREN VERGARA  |  MONDAY, 1 FEB 2021
... Property Exchange Australia (PEXA) is underway with "good indicative interest received to date". Link and the Commonwealth Bank bought PEXA less than three years ago for $1.6 billion. Link chief executive and managing director Vivek Bhatia said: "The ...

FSC appoints new board member

ELIZABETH MCARTHUR  |  MONDAY, 1 FEB 2021
... Geoff Lloyd departed following the sale of MLC Wealth to IOOF. Morgan was previously chief financial officer for Commonwealth Bank's wealth management arm and chief financial officer of business and private banking and executive general manager of finance ...

Gender diversity has a way to go: Research

ANNABELLE DICKSON  |  FRIDAY, 29 JAN 2021
... record number of companies that disclosed data. From financial services, companies that made the index include Commonwealth Bank, Westpac, Challenger, National Australia Bank and QBE Insurance. Other companies include Nine Entertainment, Scentre Group ...