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Showing 751 - 760 of 1264 results for "CBA"

Prosecution drops charges against Storm adviser

LAURA MILLAN  |  MONDAY, 17 NOV 2014
... 2010, he failed to pass on to elderly clients $60,051 paid to him in error by the Commonwealth Bank as a settlement under the CBA Storm Resolution Scheme.

NAB profits dip on UK write down

JAMES FERNYHOUGH  |  MONDAY, 17 NOV 2014
... refocusing our investments and executing better." NAB was the only one of the big four banks to report a decrease in profits. CBA announced net profits of $8.68 billion, a 12% increase. ANZ delivered profits of $7.271 billion, and Westpac $7.625 billion ...

ASIC to watch CBA advisers closely

LAURA MILLAN  |  FRIDAY, 14 NOV 2014
... Commonwealth Financial Planning and Financial Wisdom. KordaMentha Forensic will review past activities by Commonwealth Bank (CBA) advisers and will report to ASIC three times. The forensic expert will identify high-risk advisers within CBA's planning ...

CBA chairman defends compensation program at AGM

LAURA MILLAN  |  THURSDAY, 13 NOV 2014
Commonwealth Bank (CBA) chairman David Turner defended the bank's performance and its reaction to the financial planning scandals in front of shareholders at the annual general meeting in Melbourne yesterday. "We know that saying sorry is not enough ...

Higher adviser education standards boost CFP demand

LAURA MILLAN  |  MONDAY, 10 NOV 2014
... We are committed to working on a one-to-one basis with financial planners to find a tailored solution." Commonwealth Bank (CBA), Westpac, National Australia Bank (NAB) and AMP have increased the minimum education requirements for their financial advisers ...

First Super to vote against CBA board members

LAURA MILLAN  |  MONDAY, 10 NOV 2014
First Super will vote against the re-election of two Commonwealth Bank (CBA) board members who served during the bank's financial advice scandal. The fund will use its vote at the forthcoming CBA annual general meeting on November 12 and will oppose ...

Market wrap

AAP  |  WEDNESDAY, 5 NOV 2014
... was up at the open. It lifted after announcing a $2.3 billion first quarter cash profit, up from $2.1 billion a year ago. CBA shares were up seven cents at $80.84. But, Westpac was down 24 cents, or 0.7%, at $34.26, ANZ lost eight cents to $33.57, and ...

CBA wealth division shrugs off falling market

MARK SMITH  |  WEDNESDAY, 5 NOV 2014
The Commonwealth Bank's wealth management division has contributed to the bank's strong quarterly result, posting positive growth despite falling markets. Funds under management in the wealth division increased by 3.5% over the three months to 30 September ...

CBA appoints litigators as customer advocates

LAURA MILLAN  |  MONDAY, 3 NOV 2014
Commonwealth Bank (CBA) has appointed three law firms as independent customer advocates for its Open Advice Review compensation program. Maurice Blackburn, Shine Lawyers and Slater and Gordon have been appointed to support individual customers through ...

Arthur's back. Wait, no he's not

COLIN BRINSDEN, AAP ECONOMICS CORRESPONDENT  |  FRIDAY, 24 OCT 2014
... advisers led to the loss of savings of 1100 clients. Senator Cormann said there had been several inquiries into these events and CBA's 'open advice program' and other initiatives should be given the opportunity to work. Bowen said the government is more ...