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Showing 791 - 800 of 3425 results for commonwealth bank

Commonwealth Bank CFO resigns

JAMIE WILLIAMSON  |  MONDAY, 14 MAY 2018
Commonwealth Bank chief financial officer Rob Jesudason has resigned with immediate effect after less than 12 months in the role. Jesudason is relocating to Hong Kong after being appointed as group president and chief operating officer of Block.one ...

CBA cops $25 million for BBSW rigging

KANIKA SOOD  |  WEDNESDAY, 9 MAY 2018
Commonwealth Bank will fork out $25 million to settle its bank bill swap rate rigging scandal, adding to the bank's pile of settlement payouts. CBA will acknowledge it "attempted to engage in unconscionable conduct in breach of the ASIC Act" while trading ...

Budget big picture: Surplus on radar

ALEX DUNNIN  |  TUESDAY, 8 MAY 2018
Treasurer Scott Morrison, in his third Commonwealth Budget reports that government receipts rising 8.6% during 2017-18, compared to expenditure rising 4.7%, leaves Australia with an annual deficit of $18.2 billion and on its way to a modest $2.2 billion ...

CBA finds no evidence of customer data breach

ALEX BURKE  |  THURSDAY, 3 MAY 2018
Following an investigation by KPMG, the Commonwealth Bank said no evidence was found that customer information was compromised when two magnetic tapes went missing in 2016. The tapes in question contained customer names, addresses, account numbers and ...

CBA enters APRA EU

JAMIE WILLIAMSON  |  TUESDAY, 1 MAY 2018
APRA has accepted an Enforceable Undertaking from Commonwealth Bank, having determined the bank's operational risk management framework "worked better on paper than in practice." Releasing the final report of its prudential inquiry into CBA, the regulator ...

Whitehelm Capital acquires AGL assets

KARREN VERGARA  |  FRIDAY, 27 APR 2018
... purchased the assets on behalf of Sustainable Energy Infrastructure, which it manages and is owned by MTAA Super and Commonwealth Bank Group Super. The portfolio comprises 18 small generation operations located throughout Australia, which includes landfill ...

Mainstream adds former Commonwealth Bank GM to board

HARRISON WORLEY  |  THURSDAY, 26 APR 2018
A former Commonwealth Bank general manager has joined the board of a $133 billion fund administrator. Mainstream Group Holdings appointed JoAnna Fisher to its board as an independent non-executive director, adding Fisher's 20 years of senior management ...

Unions lobby super sector to cut big bank, AMP ties

JAMIE WILLIAMSON  |  TUESDAY, 24 APR 2018
... fund chief executives, ACTU secretary Sally McManus urged funds to reconsider their relationships with Westpac, Commonwealth Bank, ANZ and NAB in accordance with their ESG policies. "Working people in Australia gave up pay rises in order to get universal ...

RECAP: Advice in the Royal Commission spotlight (Day 4 and 5)

KANIKA SOOD  |  FRIDAY, 20 APR 2018
... were charged fees by Count Financial in three cases identified by the bank in 2015, CBA executive general manager, Commonwealth Private Marianne Perkovic acknowledged. Meanwhile Federal Treasurer Scott Morrison, while door stopping in Sydney said he ...

ROYAL COMMISSION: Top stories

JAMIE WILLIAMSON  |  FRIDAY, 20 APR 2018
... to opt-in to advice fees. Dead advice clients slugged ongoing service fees Day four of the Commission saw the Commonwealth Bank admit its Count Financial subsidiary charged ongoing service fees to clients it knew had passed away. Providing testimony ...