Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 661 - 670 of 3425 results for commonwealth bank

Culture isn't everything: ASIC

HARRISON WORLEY  |  WEDNESDAY, 19 JUN 2019
... on short-term financial results "to the exclusion of anything else", noting APRA's prudential report into the Commonwealth Bank documented the dangers of using such a lens to evaluate performance. With culture forming a strong theme in the Royal Commission's ...

Former First State chief joins TCorp

HARRISON WORLEY  |  MONDAY, 17 JUN 2019
... service to superannuation. The addition of Dwyer to the TCorp board follows the manager's appointment of former Commonwealth Bank debt markets head Simon Ling in May, as financial markets general manager.

CBA sells advice dealer group

JAMIE WILLIAMSON  |  THURSDAY, 13 JUN 2019
Commonwealth Bank is offloading its financial advice subsidiary, Count Financial. The group announced this morning is has entered into an agreement to sell the dealer group to CountPlus for $2.5 million. It will also, over time, sell its 35.9% holding ...

Commonwealth FP completes EU compliance

ELIZABETH MCARTHUR  |  WEDNESDAY, 12 JUN 2019
Commonwealth Financial Planning has complied with ASIC's court enforceable undertaking regarding fees for no service conduct and said it will transition to a new business model. At the end of May, ASIC received an attestation from Commonwealth Financial ...

Challenger funds management chief resigns

KARREN VERGARA  |  FRIDAY, 7 JUN 2019
... two divisions: Challenger Investment Partners and Fidante Partners. Saines was previously a group executive at Commonwealth Bank's institutional banking and markets business, instrumental in designing and implementing the group's total capital solutions ...

Spitfire acquires adviser platform, names chief

ELIZABETH MCARTHUR, KARREN VERGARA  |  MONDAY, 3 JUN 2019
... for BT Panorama's investment, managed accounts and superannuation capabilities. He previously worked at Commonwealth Bank, Macquarie Bank, GBST and Morgan Stanley. Johnson said he is looking forward to working with the Spitfire team to improve the ...

Big four satisfaction on road to recovery

HARRISON WORLEY  |  TUESDAY, 28 MAY 2019
... 7.9 percentage points better than their larger counterparts, whose satisfaction levels are clustered together. Commonwealth Bank leads the way, sitting at 78.1% satisfaction, with the worst of the big four, NAB (72.7%) no more than 5.4 percentage points ...

Material weakness in super funds, insurers exposed

KARREN VERGARA  |  THURSDAY, 23 MAY 2019
The numerous weaknesses exposed in APRA's prudential inquiry into the Commonwealth Bank are apparent among life insurers and superannuation funds. The prudential regulator wrote to 36 insurers, super funds and ADIs last June off the back of its ...

ASIC bans adviser over super theft

ELIZABETH MCARTHUR  |  THURSDAY, 23 MAY 2019
... retirement savings. The total amount of debt owed by the 14 companies to creditors amounted to about $9.8 million. The Commonwealth director of public prosecutions is prosecuting the matter. The ban will prevent McSweeny from managing companies for the ...

Australia lags on dividends

KANIKA SOOD  |  MONDAY, 20 MAY 2019
... contributors to this growth were Woodside which resumed dividend payouts, BHP which gave out a special dividend and Commonwealth Bank which kept the dividend flat during the period. Australia's lagging dividend payouts come as the region it sits in ...