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Showing 531 - 540 of 3425 results for commonwealth bank

AMP, BT and CBA to face class action

ELIZABETH MCARTHUR  |  FRIDAY, 31 JUL 2020
... million Australians were charged excessive insurance premiums by financial advisers aligned with AMP, BT and Commonwealth Bank. Proceedings have already been filed against AMP, which AMP says it will defend. The proceedings relate to financial advisers ...

CBA ups remediation bill for advice

ELIZA BAVIN  |  THURSDAY, 30 JUL 2020
The Commonwealth Bank of Australia has announced an extra $300 million has been added to its remediation bill in relation to ongoing service fee and customer remediation costs. CBA said it is constantly addressing the full range of remediation issues ...

Banks ordered to reduce dividend payout ratios

KANIKA SOOD  |  WEDNESDAY, 29 JUL 2020
... capital buffers to absorb the impacts of stress, and continue to lend to support households and businesses. Commonwealth Bank, for example, currently targets 70% to 90% full-year dividend payout ratio. Last year, the big four banks accounted for about ...

Westpac announces appointment, departure

ALLY SELBY  |  TUESDAY, 28 JUL 2020
... and driving efficiencies in the bank's operations." Prior to Thursby's tenure at Westpac, he served as the Commonwealth Bank's chief financial officer of its retail bank for more than a decade, having previously worked at St George as its ...

12 charged in $17m fraud

ELIZA BAVIN  |  WEDNESDAY, 22 JUL 2020
... accused used labour hire and payroll companies associated with the building and construction industry to defraud the Commonwealth. A joint statement between ASIC, the ATO and the AFP said the investigation into the syndicate began in December 2018 by ...

Almost 2000 advisers gone so far in 2020

ELIZABETH MCARTHUR  |  TUESDAY, 21 JUL 2020
... one adviser total over the six month period. The data does not show how many advisers IOOF picked up from ANZ. Commonwealth Bank also shed 99 advisers and the SMSF Adviser Network lost 84. National Australia Bank's advisers went from 350 to 279 ...

Government expands SME Guarantee Scheme

ANNABELLE DICKSON  |  MONDAY, 20 JUL 2020
... also enabling them to access more affordable and longer term credit so that they can invest for their future. Commonwealth Bank chief executive Matt Comyn agrees and welcomes the extension. "Today's lifting of the amount available to $1 million and the ...

Hostplus exec jumps to First State

ELIZA BAVIN  |  MONDAY, 6 JUL 2020
... appointed executive manager, client relationships in mid-2017. Prior to joining Hostplus Wood spent five years at Commonwealth Bank, working as corporate benefits manager, northern region and corporate benefits client relations and strategy manager. ...

Bank hires new wealth chief

ELIZA BAVIN  |  WEDNESDAY, 1 JUL 2020
... has held senior roles in retail and business banking and consulting in Australia and overseas and joins from Commonwealth Bank where he worked the past 10 years. His most recent role was executive general manager business customer solutions where he ...

CBA donates $2m to community charities

ALLY SELBY  |  MONDAY, 29 JUN 2020
Commonwealth Bank will donate more than $2 million to community organisations across the country, with the bank's employees nominating local community charities desperate for a financial boost. It's a first in the program's 100-year history, with CBA ...