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Showing 541 - 550 of 2903 results for "Commonwealth bank"

Westpac chief believes in financial advice

ELIZA BAVIN  |  MONDAY, 11 NOV 2019
... issues that arose following the Royal Commission and warned that there may be further remediation costs to come. Commonwealth Bank chief executive Matt Comyn also fronted the committee and said he believes non-bank entities should face the same level ...

Boutique hires CBA's credit strategy lead

KANIKA SOOD  |  MONDAY, 4 NOV 2019
A Melbourne boutique has hired Commonwealth Bank's highly-regarded head of credit strategy, as it launches two new funds. Scott Rundell is joining Mutual Limited as its head of research and strategy in a newly-created role. Mutual Limited was started ...

CBA finalises CommInsure sale

ELIZA BAVIN  |  FRIDAY, 1 NOV 2019
Commonwealth Bank has completed the divestment of its life insurance business to AIA Australia, which includes a 25-year joint co-operation agreement. After more than two years of negotiations, CBA said it has received an upfront payment of $500 million ...

Chief economist update: Beam us up Scotty

BENJAMIN ONG  |  FRIDAY, 25 OCT 2019
... policy decision. Nah Governor, for survey says we're now teetering on the brink. The flash estimate of the Commonwealth Bank Composite PMI fell to a reading of 50.7 in October from 52.0 in the previous month as both the manufacturing (down to 50.1) ...

New board positions for J.P.Morgan, CBA executives

ELIZA BAVIN  |  THURSDAY, 24 OCT 2019
... announced the appointment of a new chair and deputy chair on its board, bringing in C-suite executives from the Commonwealth Bank and J.P. Morgan. The Australian Financial Markets Association has appointed Robert Bedwell, chief executive of Australia ...

Westpac takes $1 billion profit hit

ELIZA BAVIN  |  THURSDAY, 24 OCT 2019
... while National Australia Bank added an extra $1.18 billion bringing its total remediation bill over $2 billion. Commonwealth Bank said it has compensated customers over $2 billion in the past financial year.

Whistleblower calls out approved product lies

ELIZA BAVIN  |  WEDNESDAY, 23 OCT 2019
... payments from third party life insurers, amongst other things. The report includes responses from MLC Advice, Commonwealth Bank and IOOF, gathered as part of a survey conducted by Morris. All of which said they were confident in the in their practices. ...

Colonial First State hit with second class action in less than a week

ELIZA BAVIN  |  MONDAY, 21 OCT 2019
... advisers. The class action is on behalf over 500,000 Australians and is the second against CFS, a subsidiary of Commonwealth Bank to be filed in less than a week. The action alleges that since 2013 CFS failed to act in the best interests of its members ...

CountPlus firm acquires advice boutique

HARRISON WORLEY  |  THURSDAY, 17 OCT 2019
... people and businesses, and this acquisition by Kidmans reflects that model," Rowe said. In 2015, CountPlus - then Commonwealth Bank-owned - sold its 30% stake in Kidmans to partners, employees and principals, having first purchased 25% of the firm in ...

Count Financial bolsters team as part of transition

ELIZABETH MCARTHUR  |  THURSDAY, 17 OCT 2019
Count Financial has bolstered its leadership team as part of its acquisition by CountPlus. The Commonwealth Bank sold Count Financial to CountPlus for $2.5 million, finalizing the sale at the end of August. John Corcoran has now stepped into the position ...