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Showing 821 - 830 of 2907 results for "Commonwealth Bank"

CBA records $4.9bn half-year profit

DARREN SNYDER  |  WEDNESDAY, 15 FEB 2017
Commonwealth Bank's wealth management arm recorded a $249 million profit in the second half of 2016, up 6% on the first six months of the calendar year. The wealth division was a small contributor to CBA's overall net profit after tax of $4.9 billion ...

Perpetual hires former Count CEO

ALEX BURKE  |  FRIDAY, 10 FEB 2017
... by industry luminary Barry Lambert in 1980. Prior to that, he was general manager of strategic development in Commonwealth Bank's wealth management division and chief operating officer for Neuberger Berman's hedge fund business. He has also held roles ...

Industry giant retires

EMMA RAPAPORT  |  THURSDAY, 9 FEB 2017
... medical cannabis. Lambert's distinguished career started at age 17 when he took a job in the Taree branch of the Commonwealth Bank. He went on to found Count Financial in 1980, an after-hours tax service firm which at its peak, represented around 500 ...

CBA to pay $23 million for poor advice

JAMIE WILLIAMSON  |  WEDNESDAY, 8 FEB 2017
The Commonwealth Bank will pay at least $23 million in compensation to customers found to have received inappropriate and costly financial advice. Promontory Financial Group confirmed it has completed all assessments of Commonwealth Financial Planning ...

Fund manager launches new IMA

JAMIE WILLIAMSON  |  FRIDAY, 3 FEB 2017
... can provide investors with the ability to invest in companies' right across the Australian share market from Commonwealth Bank right down to the micro-cap space," Carson said. Carson said that investments in technology and the IT sector currently account ...

CBA and Queensland Treasury build blockchain bond

JAMIE WILLIAMSON  |  WEDNESDAY, 25 JAN 2017
Commonwealth Bank issued the world's first government bond built using blockchain. The bank created a cryptobond for Queensland Treasury Corporation via its capital markets blockchain platform, the first of its kind both in Australia and globally. QTC ...

CBA receives top sustainability endorsement

JAMIE WILLIAMSON  |  WEDNESDAY, 18 JAN 2017
The Commonwealth Bank was named Australia's most sustainable business in a list of global companies for the second year in a row. The G100 Sustainability Index also ranked CBA as the sixth most sustainable company in the world, as announced at the World ...

CBA defends 'incorrect' personal advice claims

JAMIE WILLIAMSON  |  MONDAY, 16 JAN 2017
The Commonwealth Bank has responded to reports by Fairfax claiming a CBA bank teller had provided personal advice to a now-deceased customer. Last week Fairfax revealed CBA is working through a $68,000 compensation claim as part of its Open Advice Review ...

SMSF investors trade during market volatility

EMMA RAPAPORT  |  MONDAY, 16 JAN 2017
... the past two years, SMSFs have been more likely to trade during periods of market volatility than non-SMSFs," Commonwealth Bank head of SMSF Customers Marcus Evans said. There were however, signs that SMSFs took a more conservative stance on investment ...

Guest of honour

ALEX BURKE  |  TUESDAY, 3 JAN 2017
The Commonwealth Bank asked Barry Lambert to stay on as chair of Count Financial for two years following the bank's acquisition - he asked them for two years and two months. Confused, the bank asked him why. He told them, "If I stay on until January ...