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Showing 71 - 80 of 1224 results for "CBA"

Millennials fastest growing SMSF cohort

ELIZABETH MCARTHUR  |  THURSDAY, 11 NOV 2021
... reported the top 10 most traded stocks for its SMSF segment are heavily weighted towards blue chips, including: BHP, Westpac, CBA, NAB, Woodside Petroleum, CSL, ANZ, Fortescue Metals, Macquarie Bank, and Telstra. It also reported SMSF accounts are less ...

CBA takes stake in AI firm

ANNABELLE DICKSON  |  MONDAY, 8 NOV 2021
... cloud-based machine learning platform, H2O AI Cloud, and employs some of the world's top data scientists. The partnership will see CBA implement H2O AI Cloud to its entire organisation, including data scientists, data engineers and business users. CBA ...

Commonwealth Bank to add crypto services

JAMIE WILLIAMSON  |  WEDNESDAY, 3 NOV 2021
... financial services sector, which has seen a significant number of new players and business models innovating in this area," CBA chief executive Matt Comyn said. "We believe we can play an important role in crypto to address what's clearly a growing customer ...

CBA pleads guilty to selling junk insurance

ANNABELLE DICKSON  |  MONDAY, 1 NOV 2021
... Protection policies as an add-on insurance product in branches, by telephone and online. ASIC alleged between 2011 and 2015, CBA made false or misleading representations to customers that they could make a claim against their insurance policies when ...

Commonwealth Financial Planning to shutter

ELIZABETH MCARTHUR  |  TUESDAY, 26 OCT 2021
... Existing advisers and clients will have until November 30 to work out next steps, before Commonwealth FP shutters for good. CBA said the move is part of its partnership with AIA, following the sale of part of Commonwealth FP and 100% of CommInsure Life ...

End of the road for Dollarmites

KARREN VERGARA  |  MONDAY, 25 OCT 2021
... the value of money. Following the release of the report, Queensland, Victoria and the ACT quickly moved to ban the programs. CBA announced over the weekend that because of ASIC's review and these government decisions, it will can its school banking ...

BlackRock votes against CBA resolution

ELIZABETH MCARTHUR  |  FRIDAY, 15 OCT 2021
... financing fossil fuels. The largest asset manager in the world, with US$9.5 trillion in assets under manager, voted against a CBA shareholder resolution which asked the bank to stop funding fossil fuel projects. "BIS [BlackRock Investment Stewardship] ...

CBA completes review, sued by FWO

ANNABELLE DICKSON  |  TUESDAY, 12 OCT 2021
... governance and culture. At the same time, it has been slammed with court proceedings for underpaying staff over $16 million. CBA released the thirteenth and final report from its independent reviewer, Promontory Australia, noting all milestones have ...

CBA to detect abusive banking behaviour

ANNABELLE DICKSON  |  MONDAY, 11 OCT 2021
... machine learning to detect abusive behaviour reflected in transaction descriptions within its banking services. Developed in CBA's AI Labs, the technology will be used in the CommBank App and Netbank and builds on the bank's ability to identify technology-facilitated ...

Criminal charges filed against CBA

ELIZABETH MCARTHUR  |  FRIDAY, 17 SEP 2021
... against Commonwealth Bank for mis-selling consumer credit insurance, with the bank to plead guilty. The charges relate to CBA's promotion and sale of CreditCard Plus and Loan Protection policies as an add-on insurance product in branches, by telephone ...