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Showing 741 - 750 of 4379 results for "Commonwealth"

APRA reduces CBA capital requirement

ANNABELLE DICKSON  |  FRIDAY, 20 NOV 2020
The Australian Prudential Regulation Authority (APRA) has made the decision to reduce Commonwealth Bank's additional capital requirement by half after improving governance concerns. The $1 billion capital add-on has been halved to $500 million with ...

Homeowners given preferential treatment: RIR

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
... identical total wealth, a renter receives about $4000 less Age Pension per year. "Compared with the Age Pension, Commonwealth Rent Assistance is more targeted to lower-wealth households," it said. "About 20% of Age Pension expenditure goes to the top ...

Shipton's tax bill under scrutiny

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 NOV 2020
... difficult, isn't it?" "No," Samuel said. He pointed to Matt Comyn's transformation of the culture at the Commonwealth Bank as being an example of cultural change happening quickly, thanks to a zero-tolerance policy. "Anyone who says [cultural ...

ASIC charges BitConnect Australia lead

ELIZA BAVIN  |  WEDNESDAY, 18 NOV 2020
... 2020, ASIC banned Bigatton from providing financial services for seven years. The matter is being prosecuted by the Commonwealth Director of Public Prosecutions after a referral from ASIC. Bigatton's wife has also made headlines after mysteriously disappearing ...

Former Financial Circle director charged

ELIZA BAVIN  |  MONDAY, 16 NOV 2020
... of disqualification, Fuoco continued to manage Financial Circle between 21 August 2017 and 5 September 2018. The Commonwealth Director of Public Prosecutions is prosecuting the matters following a referral from ASIC. The charges of acting in the management ...

CountPlus to continue acquisition spree

ANNABELLE DICKSON  |  MONDAY, 16 NOV 2020
... subsidiary Count Financial. As at September 30, there are 1732 Count Financial client remediation matters as assessed by Commonwealth Bank with the bank providing $1.735 million in payments and a $300 million indemnity to cover past conduct. As a result ...

Mike Baird to chair government fund

ELIZABETH MCARTHUR  |  FRIDAY, 13 NOV 2020
... to growing small and medium sized businesses, ensuring they have the access to the capital they need to grow. The Commonwealth Government is a shareholder in the fund, alongside ANZ, the Commonwealth Bank, the NAB, Westpac, HSBC and Macquarie. Treasurer ...

Link hires from QSuper, NAB

JAMIE WILLIAMSON  |  FRIDAY, 13 NOV 2020
... strategy role for close to four years. Prior to that he was executive director, consulting and strategic partnerships at Commonwealth Bank. In total he has over 20 years' experience in financial services, having also held senior roles with the likes ...

CBA feels pressure of low rates, profits down

ANNABELLE DICKSON  |  WEDNESDAY, 11 NOV 2020
Commonwealth Bank of Australia reported a decrease in cash profit down for the September quarter due to lower margins and higher expenses. The preliminary figures show cash profits down 16% to $1.8 billion on the same period in the previous year. The ...

RBA, CBA, NAB partner for wholesale currency

ANNABELLE DICKSON  |  TUESDAY, 3 NOV 2020
... using distributed ledger technology (DLT) for settlement. As a part of the RBA's research on wholesale CBDC, Commonwealth Bank, NAB, Perpetual and blockchain company ConsenSys Software will develop a proof-of-concept (POC) for a tokenised form of ...