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Showing 491 - 500 of 2903 results for "Commonwealth bank"

ASIC secures $160m in remediation over junk credit insurance

ALLY SELBY  |  THURSDAY, 14 MAY 2020
... offerings from ANZ, Australian Central Credit Union, Bank of Queensland, Bendigo and Adelaide Bank, Citigroup, Commonwealth Bank, Credit Union Australia, Latitude Finance Australia, NAB, Suncorp-Metway and Westpac. ASIC deputy chair Karen Chester said ...

Processes are the problem, not people: Count Financial

ALLY SELBY  |  WEDNESDAY, 13 MAY 2020
... to process issues not people, according to Count Financial. Countplus acquired the Count Financial from the Commonwealth Bank late last year for just $2.5 million and has since been working to transform Count Financial into a more profitable business ...

CBA sells 55% of CFS

JAMIE WILLIAMSON  |  WEDNESDAY, 13 MAY 2020
Commonwealth Bank is set to offload 55% of Colonial First State to a $335 billion global investment firm. Announced to the ASX this morning, CBA has entered an agreement to sell 55% of CFS to private equity firm KKR. CBA said the transaction implies ...

Industry fund reshuffles leadership

ELIZABETH MCARTHUR  |  TUESDAY, 12 MAY 2020
... Super as chief strategy officer in 2016. Prior to joining the fund, Nair held executive management roles at the Commonwealth Bank and Westpac. Jason Theng will step into the chief risk officer role now, being promoted from his position as executive manager ...

Chief economist update: The outlook for Australia, according to COVID-19

BENJAMIN ONG  |  WEDNESDAY, 6 MAY 2020
... scenario inflation is 1 to 11/2 per cent in 2021 and gradually picks up further from there." The drop in the Commonwealth Bank Composite PMI for Australia (that was released on the same day as the RBA's Board meeting) to a record low of 21.7 in April ...

Westpac to review business units

JAMIE WILLIAMSON  |  MONDAY, 4 MAY 2020
Westpac has determined several of its business units lack sufficient scale, including superannuation and investments, and is set to launch a review aimed at simplifying the group. Announcing results today, Westpac said it is establishing a new specialist ...

CBA sells CommSec Adviser Services

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 APR 2020
The Commonwealth Bank has entered into an agreement to sell AUSIEX, which trades as CommSec Adviser Services, to a Japanese firm. Nomura Research Institute, a Japanese technology solutions and business consulting firm, has entered into an $85 million ...

University of Sydney scores win at CFA competition

KANIKA SOOD  |  FRIDAY, 24 APR 2020
... Michael Toh, won the Global Champion award at the annual CFA Institute Research Challenge for their research on Commonwealth Bank. Jassis Chen, Jessica Wu, Sahil Arora, Tom Luo and Jeffrey Brown defended their analysis of CBA to a panel of judges, including ...

Healthcare outperforms as financials plummet

ALLY SELBY  |  FRIDAY, 17 APR 2020
... 18.5% over 20 years." This is mostly thanks to global biotechnology company CSL, which recently unseated the Commonwealth Bank as Australia's largest company by market cap. "Because of its size (CSL represents about 70% of the S&P/ASX 200 healthcare ...

CBA appoints chief economist

ALLY SELBY  |  TUESDAY, 7 APR 2020
Commonwealth Bank has appointed a new chief economist, set to take on the new role in addition to his responsibilities as the bank's head of global economic and markets research. Stephen Halmarick nabbed the new role this week, having been with ...