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Showing 51 - 60 of 2780 results for %22Commonwealth Bank Australia for%22

Westpac reports $1.8bn net profit, rise in stressed assets

ANDREW MCKEAN  |  MONDAY, 21 AUG 2023
... deposit to loan ratio, reaching 84.1%. This was bolstered by an $8.7 billion growth in customer deposits. Additionally, the bank experienced a $6.4 billion increase in loans, predominately driven by owner-occupied mortgages and business lending. Common ...

Liquidate $250bn Future Fund, says think tank

CASSANDRA BALDINI  |  THURSDAY, 10 AUG 2023
... superannuation funds might have on the governance of Australian businesses. Yet nary is there a word of the ability of the Commonwealth to exercise a similar influence," Burshtein said. Established in 2006, Future Fund's primary objective was to ...

Former advisers costs CBA $1.2bn in remediation

KARREN VERGARA  |  WEDNESDAY, 9 AUG 2023
Commonwealth Bank's $1.2 billion bad advice remediation bill represented a small fraction of its whopping $10.2 billion profit, the full-year financial results show. The total customer remediation amounted to a huge $2.6 billion in the 2023 financial ...

CommSec launches global share trading platform

JAMIE WILLIAMSON  |  MONDAY, 31 JUL 2023
... new service will initially be made available on the CommSec website, to be made available via the app in time. Commonwealth Bank also plans to integrate the functionality into its CommBank app. CBA said the service offers fast account set-up and access ...

Ownership changes spur upheaval in unit trust sector

KARREN VERGARA  |  WEDNESDAY, 12 JUL 2023
... Financial Group but was previously called Colonial First State Global Asset Management when it was owned by the Commonwealth Bank. CBA sold CFSGAM for $4.2 billion in 2019 as part of demerging its asset management, mortgage broking and wealth businesses ...

Praemium hires governance, risk chief

JAMIE WILLIAMSON  |  WEDNESDAY, 12 JUL 2023
... governance officer. With more than 25 years' experience, she's also held senior risk and compliance roles at Commonwealth Bank, including within Colonial First State. Axton will report directly to Wamsteker, who described her as a tremendous ...

Commonwealth Bank backs Wollemi Capital

CHLOE WALKER  |  MONDAY, 10 JUL 2023
... transition, natural capital, and climate services sectors, as well as reducing global greenhouse gas emissions. Commonwealth Bank (CBA) group executive, institutional banking and markets Andrew Hinchliff said the investment of an undisclosed amount will ...

Mercer appoints three new directors

ANDREW MCKEAN  |  MONDAY, 3 JUL 2023
... business to Human Financial for a 40% stake in the company. She's also served as chief operating officer for Commonwealth Bank and Lehman Brothers. Hartley has around 40 years' investment experience across all major public and private asset classes. ...

Large AFSLs lead advice complaints: AFCA

KARREN VERGARA  |  THURSDAY, 22 JUN 2023
... lion's share of complaints AFCA has registered. Just 22 out of the total 81 complaints are deemed to be resolved. Commonwealth Financial Planning (53), Charter Financial Planning (43), Bridges Financial Services (18), Financial Wisdom (16), Securitor ...

Suncorp wage scandal comes to a head

ANDREW MCKEAN  |  FRIDAY, 9 JUN 2023
... bill," Parker said. The Enterprise Agreement dictates that Suncorp must make a $520,000 contrition payment to the Commonwealth Consolidated Revenue Fund as part of its reparations. Further, Suncorp is obligated to operate an employee information channel ...