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Showing 721 - 730 of 3425 results for commonwealth bank

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 ...

MYEFO: Regulatory funding increases, Budget surplus doubles

DARREN SNYDER  |  MONDAY, 17 DEC 2018
... and Financial Services Industry." The Government is also providing $28 million over four years from 2018-19 to the Commonwealth Director of Public Prosecutions. This is "to pursue a greater number of prosecutions of those responsible for misconduct in ...

Bonds reward equity investors seeking refuge

KARREN VERGARA  |  MONDAY, 17 DEC 2018
... slightly up-sloping, FIIG director of education and research Elizabeth Moran added. "The benchmark three-year Australian Commonwealth Government bond rate is 1.90%, over five years is 2.01% and 10 years is 2.41%," she said. The US fixed income story ...

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 ...

Royal Commission: And that is a wrap

KANIKA SOOD  |  FRIDAY, 30 NOV 2018
... deal with the requirements that the Commission has made," Hayne said. Hayne also thanked the staff at Melbourne's Commonwealth law courts and Sydney's family and federal courts, and journalists who reported on the proceedings. "The Commission has not ...

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 ...