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Showing 881 - 890 of 1264 results for "CBA"

ASIC admits Commonwealth FP investigation was "not adequate"

LAURA MILLAN  |  MONDAY, 5 AUG 2013
... (PJC) that is investigating the regulator for having reacted late to whistleblower alerts that some financial planners at CBA were not providing proper advice to their clients. "ASIC considers that its communication with the whistleblowers, up until ...

Senior CBA exec puts blame on the bank for Storm disaster

LAURA MILLAN  |  THURSDAY, 1 AUG 2013
Senior Commonwealth Bank (CBA) executive Ian Bailey declared that the bank's retail division had a role in the collapse of Storm Capital in January 2009. A document detailing an examination to Bailey by the Australian Securities and Investments Commission ...

First submissions to ASIC inquiry made public

LAURA MILLAN  |  FRIDAY, 26 JUL 2013
... planning unit of Commonwealth Bank. "We will be looking at any other terms that matter, not only at ASIC's performance on the CBA case," Williams said. "There is $1.3 trillion in superannuation and a big proportion of it are self-managed super funds ...

Goldman Sachs AM builds up third party distribution team

JAMES FERNYHOUGH  |  FRIDAY, 26 JUL 2013
... Distribution Jessica Jones. Besley was previously business development manager at Fidelity, and has worked at AXA, ANZ and CBA in Australia and the UK. This is the latest in a string of appointments in this branch of the business after GSAM bought out ...

CBA in talks to hand over management of three funds

MARK SMITH  |  WEDNESDAY, 24 JUL 2013
... Commonwealth Bank has submitted proposals to the boards of two trusts allowing it to relinquish its funds management responsibility. CBA confirms it has submitted indicative, non-binding proposals to the Commonwealth Managed Investments Limited (CMIL) ...

CBA and HSBC change 'misleading' ads

MARK SMITH  |  WEDNESDAY, 17 JUL 2013
The Commonwealth Bank (CBA) and HSBC Bank have changed their advertising for structured products aimed at retail investors after the Australian Securities and Investments Commission (ASIC) said they were potentially misleading. CBA's flyer compared ...

WB advisers join CBA's Financial Wisdom

LAURA MILLAN  |  MONDAY, 15 JUL 2013
... Management have joined the Commonwealth Bank-owned Financial Wisdom dealer group. WB Financial board took the decision to go under CBA's umbrella in an attempt to deal with "an increasingly comply regulatory environment." "After much consideration and ...

Storm claim unfair and baseless: CBA

LAURA MILLAN  |  MONDAY, 15 JUL 2013
Commonwealth Bank (CBA) has strongly reacted to the news that Storm Financial victims' lawyer will start legal proceedings against the $136 million settlement that the bank reached with the Australian Securities and Investments Commission (ASIC) last ...

Storm lawyers take ASIC and CBA to court over settlement

LAURA MILLAN  |  FRIDAY, 12 JUL 2013
Storm Financial litigator Levitt Robinson Solicitors have questioned the $136 million settlement reached by the Australian Securities and Investments Commission (ASIC) and Commonwealth Bank last year. Levitt Robinson has filed a case against both organisations ...

Banks missing super cross-selling opportunities

ALEX DUNNIN  |  FRIDAY, 5 JUL 2013
... Among personal banking customers with superannuation, Westpac has the highest cross-sell at 10.4%, followed by NAB with 9.5%, CBA 8.3% and ANZ 6.2%. The missed cross-sell opportunity, according to Roy Morgan Research, is that among customers of the major ...