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Showing 791 - 800 of 1264 results for "CBA"

Market wrap

AAP  |  TUESDAY, 19 AUG 2014
... ASX were particularly impressive, given the drag from the Commonwealth Bank of Australia, which started trading ex-dividend. CBA shares were down $1.85, or more than two per cent, to $79.55. The other major banks were higher, with Westpac up 24 cents ...

Maurice Blackburn mulls class action against Macquarie

LAURA MILLAN  |  MONDAY, 18 AUG 2014
... that the Senate inquiry into the Australian Securities and Investments Commission (ASIC) identified in Commonwealth Bank's (CBA) compensation of financial advice clients. "This scheme poses the same problems: there is no reference to handing over client ...

Consumers have no loyalty to financial institutions

MARK SMITH  |  MONDAY, 18 AUG 2014
... that they all offer the full range of consumer financial services. The best performance in terms of customer loyalty is the CBA Group but their customers still deal with an average of 4.1 financial institutions. They are followed by Westpac Group (4.6) ...

CBA dismisses Murray's concerns over vertical integration

LAURA MILLAN  |  THURSDAY, 14 AUG 2014
Commonwealth Bank (CBA) chief executive Ian Narev dismissed concerns expressed by the Financial System Inquiry (FSI) interim report that Australia's big institutions control both the manufacturing and distribution of financial products. "We need to ...

CBA posts record profit, strong wealth management growth

LAURA MILLAN  |  WEDNESDAY, 13 AUG 2014
Commonwealth Bank (CBA) has reported an $8.6 billion net profit after tax for the year ended June 30, 2014, up 12% from last year. The group registered strong growth in its wealth management division, with average funds under administration (excluding) ...

CBA appoints international experts to oversee advice program

LAURA MILLAN  |  MONDAY, 11 AUG 2014
Jeff Carmichael's Promontory Financial Group has been appointed independent expert for the Commonwealth Bank's (CBA) Open Advice Review program. The appointment follows a series of announcements made ahead of the company results, which will be released ...

CBA, ASIC unveil details of new compensation scheme

LAURA MILLAN  |  FRIDAY, 8 AUG 2014
Commonwealth Bank (CBA) has revealed the details of the new licensing conditions for its financial planning businesses after the original process to compensate victims of poor advice was found to be inconsistent. Commonwealth Financial Planning (CFPL) ...

CBA sees two top execs step down

LAURA MILLAN  |  FRIDAY, 8 AUG 2014
Commonwealth Bank (CBA) chief executive Ian Narev has confirmed that two members of the group's senior executive team will step down. CBA group executive of business and private banking Grahame Petersen will retire at the end of 2014 after nearly 35 ...

Consumer awareness of vertical integration plummets

LAURA MILLAN  |  TUESDAY, 5 AUG 2014
... advisers who independently own their businesses and are supported by the strength and the resources of the Commonwealth Bank [CBA]." The " Who we are " section of the website does not mention Commonwealth Bank at all and consumers would have to go to ...

Claims against advice arm have no factual basis: Macquarie

LAURA MILLAN  |  MONDAY, 4 AUG 2014
... the effectiveness of the Macquarie EU with the regulator. "Given that ASIC did not, until recently, fully understand how the CBA was implementing its compensation schemes for clients affected by the CFPL scandal, the committee doubts ASIC is fully aware ...