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Showing 71 - 80 of 287 results for %22Banking Royal Commission%22

APRA proposes new banking data policies

ALLY SELBY  |  FRIDAY, 6 DEC 2019
... available on banks, credit unions and building societies. It comes as various scandals continue to tarnish Australia's banking industry post Hayne Royal Commission. According to APRA, the move will increase accountability, support competition and lift ...

CBA chief tasked with rebuilding banking

ALLY SELBY  |  WEDNESDAY, 4 DEC 2019
Commonwealth Bank chief Matt Comyn has taken over the reins as chair of the Australian Banking Association (ABA). The position is rotated between the chief executives of Australia's major banks, with ANZ chief executive Shayne Elliot stepping down from ...

Life risk insurance not profitable: KPMG

HARRISON WORLEY  |  FRIDAY, 22 NOV 2019
... retreat from direct distribution models following the exposure of problems with these models during the Banking Royal Commission. A well-functioning, sustainable, accessible and trusted life insurance industry is important for all Australians, particularly ...

CBA wealth boss to exit

KANIKA SOOD  |  WEDNESDAY, 13 NOV 2019
... of NewCo, and wish him the very best for the future." CBA also announced its group executive for business and private banking Adam Bennett will leave the company at the end of January 2020 to pursue other opportunities. CBA has appointed from outside ...

Financial services the most unethical industry

HARRISON WORLEY  |  TUESDAY, 12 NOV 2019
... industry continues to take a beating in the court of public opinion, with new research showing Australian consumers see the banking and finance industry as the most unethical sector in the country. Released today by the Governance Institute, the annual ...

Westpac chief believes in financial advice

ELIZA BAVIN  |  MONDAY, 11 NOV 2019
... examining the four major banks' progress in implementing the recommendations of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.' "Given the widespread misconduct across the financial services sector ...

Suncorp wealth chief steps down

ELIZA BAVIN  |  WEDNESDAY, 30 OCT 2019
Suncorp has announced its chief executive of banking and wealth will depart the group in early 2020. David Carter will step down from the role he has held since 2016 to take on the new position of group chief executive at motoring body, the Royal Automobile ...

Berkshire to chase growth for InvestSMART

KANIKA SOOD  |  FRIDAY, 25 OCT 2019
... transaction between Hunter Hall and Washington H. Soul Pattinson. "Given the current Australian economy, recent banking royal commissions and scalability of funds management as a business, the board believes it is the right time to assess all available ...

Superannuation gets a classroom

ELIZABETH MCARTHUR  |  TUESDAY, 22 OCT 2019
... from them every year by employers. Statwide chief executive Tony D'Alessandro said: "The Royal Commission into the Banking and Financial Services sector reminded us that we need to get people to engage with their superannuation to help them work ...

Colonial First State hit with second class action in less than a week

ELIZA BAVIN  |  MONDAY, 21 OCT 2019
... commissions to financial advisers who were not required to provide any ongoing services to members." "The Banking Royal Commission revealed that since 2013, CFS paid financial advisers or the licensees they worked for over $400 million in commissions ...