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Showing 621 - 630 of 2907 results for "Commonwealth Bank"

IOOF faces class action

KANIKA SOOD  |  MONDAY, 18 MAR 2019
... Scattini was a lawyer at Slater & Gordon in 2010 when the firm worked on getting investors compensation from Commonwealth Bank after Storm Financial collapsed. He is now a partner at Quinn Emanuel and will lead the team working on the IOOF class action ...

Commonwealth Bank delays wealth demerger

JAMIE WILLIAMSON  |  THURSDAY, 14 MAR 2019
Commonwealth Bank is delaying its demerger plans for its wealth management and mortgage broking businesses. Announced today, the group said it is prioritising the implementation of the Royal Commission's recommendations, refunding customers and ...

Mortgage broker trail commissions to stay

KANIKA SOOD  |  WEDNESDAY, 13 MAR 2019
... Australia are settled through 16,000 brokers, Frydenberg said. The channel accounts for almost 40% of all loans at Commonwealth Bank and 55% at ANZ but some banks have shown they don't need to rely on the channel. An example is Bendigo and Adelaide Bank ...

ASIC scolds banks over fee-for-no-service delays

HARRISON WORLEY  |  MONDAY, 11 MAR 2019
... "further review" programs currently underway at six of Australia's largest financial institutions - AMP, ANZ, Commonwealth Bank, Macquarie, NAB and Westpac. According to ASIC commissioner Danielle Press, the institutions have taken too long to conduct ...

Super fund chief executive to retire

KANIKA SOOD  |  MONDAY, 11 MAR 2019
... fund is hunting for a replacement. Doug Carmichael is slated to retire in June end after nine years of leading Commonwealth Bank Group Super. The news was confirmed in an update shared with CBA employees last week. The fund has now commenced the search ...

Former ASFA chair sees new EQT role

HARRISON WORLEY  |  MONDAY, 4 MAR 2019
... executive management and board level," O'Brien said. Everingham was previously a non-executive director of the Commonwealth Bank Group Super Fund and served as chair of its risk and audit committee for three years.

APRA sets sights on 2019 targets

HARRISON WORLEY  |  FRIDAY, 1 MAR 2019
... report even recommended a new regulatory overseer as a result. APRA chair Wayne Byres said its inquiry into the Commonwealth Bank and issues at the Royal Commission had shone light on areas in need of focus. "Financial soundness and stability remain ...

New reforms to smash major super funds

JAMIE WILLIAMSON  |  TUESDAY, 26 FEB 2019
... AustralianSuper are also expected to be impacted by the changes if legislated. The top 10 is rounded out by MLC Super, Commonwealth Bank and Cbus, based on APRA statistics for the September 2018 quarter. Rainmaker executive director of research Alex ...

Qantas Super chair steps down

KARREN VERGARA  |  TUESDAY, 19 FEB 2019
... Company and managing director of Blake Dawson, will join the board. He is currently an independent director of Commonwealth Bank Group Super and a board member of the State Library of New South Wales Foundation. Lorraine Berends currently serves as an ...

NAB most distrusted bank in Australia

KANIKA SOOD  |  FRIDAY, 15 FEB 2019
... after the financial services Royal Commission handed down its final report and NAB bosses resigned. In January, Commonwealth Bank had the lowest trust score but after Commissioner Kenneth Hayne singled out NAB's leadership almost a fortnight ago, the ...