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Showing 731 - 740 of 2907 results for "Commonwealth Bank"

CBA puts away $500m for regulatory costs

DARREN SNYDER  |  WEDNESDAY, 7 FEB 2018
Commonwealth Bank posted a $4.7 billion after-tax profit in the first half of FY18 and its wealth management arm was a standout performer. However the bank has also put aside more than $500 million for ongoing legal and customer remediation costs. CBA's ...

CBA purchase shifts AIA Australia executive team

KARREN VERGARA  |  FRIDAY, 2 FEB 2018
... of people and culture to oversee its Australian and New Zealand workforce, a direct result of acquiring the Commonwealth Bank life insurance business. The newest addition to AIA Australia's executive team is Charlotte Ward, who will be based at the Melbourne ...

CBA chair says culture needs improvement

ALEX BURKE  |  THURSDAY, 1 FEB 2018
In responding to APRA's ongoing prudential inquiry into the bank, Commonwealth Bank chair Catherine Livingstone acknowledged "there are aspects of our culture where we could improve." APRA issued an update on its progress with the inquiry, saying that ...

CBA embroiled in rate-rigging allegations

KARREN VERGARA  |  WEDNESDAY, 31 JAN 2018
The Commonwealth Bank is disputing allegations made by ASIC that it rigged the bank bill swap reference rate (BBSW) and engaged in unconscionable conduct. ASIC initiated civil penalty proceedings yesterday, alleging CBA traded a large number of its ...

Commonwealth Bank appoints new chief executive

JAMIE WILLIAMSON  |  MONDAY, 29 JAN 2018
Commonwealth Bank has named Ian Narev's successor. Effective 9 April 2018, Matt Comyn will be the new chief executive at the banking and wealth management group. Currently heading CBA's retail bank, he will replace Narev who announced his retirement ...

Vertically integrated institutions failing to manage conflicts of interest

JAMIE WILLIAMSON  |  THURSDAY, 25 JAN 2018
... and 1 January 2017 to 31 March 2017; analysing 200 client files from the financial planning arms of AMP, ANZ, Commonwealth Bank, NAB and Westpac and respective dealer groups. In reviewing case files provided by the institutions, ASIC found 75% of the ...

Commonwealth Bank launches chatbot banker

JAMIE WILLIAMSON  |  MONDAY, 22 JAN 2018
Commonwealth Bank customers can now complete more than 200 banking tasks using a newly-launched chatbot. Leveraging artificial intelligence, the bank has launched Ceba, a 24/7 chatbot capable of recognising about 60,000 variations of questions regarding ...

School holidays require prudent financial planning: Survey

KARREN VERGARA  |  MONDAY, 15 JAN 2018
... summer school holidays, leaving many without a budget financially stressed, a new survey shows. Research from the Commonwealth Bank found children tend to ask parents for money eight times more compared to regular school periods, leading to 50% of respondents ...

CBA creates new lead research role

JAMIE WILLIAMSON  |  FRIDAY, 12 JAN 2018
Commonwealth Bank began 2018 with the creation of a new senior role, welcoming its first managing director, head of global markets research. Former chief economist for Colonial First State Global Asset Management, Stephen Halmarick, joined CBA in the ...

Bravura scores platform deal

KARREN VERGARA  |  THURSDAY, 11 JAN 2018
... clients." In December 2017, Bravura inked a new deal with New Zealand financial services provider ASB Bank. The Commonwealth Bank subsidiary will use Bravura's Sonata platform across its operations under the long-term contract, which includes KiwiSaver ...