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Showing 641 - 650 of 2907 results for "Commonwealth Bank"

Ten stories that defined the Royal Commission

HARRISON WORLEY  |  WEDNESDAY, 19 DEC 2018
... chairs of Australia's largest financials services entities took their turn in the Royal Commission's hot seat, Commonwealth bank chief executive Matt Comyn spoke of how he planned to overhaul the bank that was "once great" under his leadership, but flagged ...

Financial Standard unwrapped: Our top stories in 2018

HARRISON WORLEY  |  WEDNESDAY, 19 DEC 2018
... in July, joining three of Australia's big four banks in spinning off their wealth management arms, with Commonwealth Bank announcing the demerger of Colonial First State just a month earlier. By April HSBC had already completed a significant wind-down ...

Grandfathered commissions: Where to from here?

JAMIE WILLIAMSON  |  WEDNESDAY, 19 DEC 2018
... with the industry. Further, the tap was turned off for the group's employed advisers in 2014. In October, Commonwealth Bank began advocating for government intervention in removing grandfathered commissions for super and investment products. "We ...

CBA stashes cash for compliance

DARREN SNYDER  |  WEDNESDAY, 12 DEC 2018
Commonwealth Bank will put aside an additional $350 million in 2019 to cover larger than expected costs for compliance and remediation programs as well as its separation from CommInsure Life. In an update to the ASX on Tuesday evening, CBA said its ...

CBA investigates possible privacy breach

JAMIE WILLIAMSON  |  MONDAY, 3 DEC 2018
Commonwealth Bank confirmed it is undertaking an investigation into a potential privacy breach that may have seen sensitive medical information of CommInsure claimants accessed by employees in other departments of the bank. As reported by the ABC earlier ...

Vertical integration not to blame

HARRISON WORLEY  |  MONDAY, 26 NOV 2018
... providing financial advice and being involved in the manufacture of financial products was not necessary. The Commonwealth Bank echoes this sentiment, saying misconduct examined at the Royal Commission - while occurring in a market where vertical integration ...

Royal Commission on social media: Executives grilled

HARRISON WORLEY  |  FRIDAY, 23 NOV 2018
... (@DeniseBrailey) November 21, 2018 Consumer advocate Denise Brailey praised counsel assisting Rowena Orr for revealing the Commonwealth Bank asked former chair David Turner to return 40% of his director's fees. ASIC head Shipton scolded at #BankingRC. ...

Misconduct matters, but stability key for Frydenberg

HARRISON WORLEY  |  FRIDAY, 23 NOV 2018
... suggestion comes as the Royal Commission's public hearings draw to a close. This week, executives from the Commonwealth Bank, Westpac, Macquarie and ASIC faced the Commission over the actions of their organisations, with topics such as remuneration ...

CBA board ignored key issues in deciding executive pay

KANIKA SOOD  |  WEDNESDAY, 21 NOV 2018
The Commonwealth Bank board ignored major scandals besieging the bank when it approved the variable remuneration for its top executives for FY16, the Royal Commission heard. The bank's top executives were paid a fixed pay and variable pay split into ...

Royal Commission puts bonuses on notice

HARRISON WORLEY  |  TUESDAY, 20 NOV 2018
... balanced scorecard system achieved compliance rates 13 percentage points lower, at 62%. The research comes after Commonwealth Bank chief executive Matt Comyn became the latest finance executive to face Rowena Orr's pointed questioning at the Royal ...