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Showing 971 - 980 of 3425 results for commonwealth bank

CBA pays $180,000 in penalties

ALEX BURKE  |  WEDNESDAY, 14 SEP 2016
Commonwealth Bank will pay $180,000 in penalties and write off $2.5 million in loan balances, following an internal review. The penalties will be paid following breaches of responsible lending laws in relation to overdraft facilities; CBA reported these ...

Flat Australian dividends help case for global diversification

MARK SMITH  |  MONDAY, 22 AUG 2016
... Dividends in Australia fell 0.2% on an underlying basis in the three months to end of June. The largest payer, Commonwealth Bank, held its payout steady, while retailer Woolworths made a steep cut. The performance of the Australian market compares lacklustrely ...

CBA EGM becomes customer advocate chief

DARREN SNYDER  |  MONDAY, 15 AUG 2016
Commonwealth Bank executive general manager customer advocacy and remediation, Dr Brendan French, will head the bank's customer advocate arm. CBA said the role and customer advocacy function will strengthen the firm's accountability for fair customer ...

Magellan full year profits up 14%

MARK SMITH  |  THURSDAY, 11 AUG 2016
... support from our new arrangements with BT/Westpac and AMP, in addition to our long standing relationship with Commonwealth Bank, and the support we have seen for the ASX quoted versions of our Global Equities strategy," Magellan chief executive and chief ...

CBA posts record profit despite dip from wealth division

MARK SMITH  |  WEDNESDAY, 10 AUG 2016
A 6% dip in the cash profit of Commonwealth Bank's wealth management division did not hold the bank back from recording a record after tax cash profit of $9.45 billion for the 12 months to 30 June, up 3% on last year. Wealth Management cash net profit ...

ACFS head departs to Vic government

DARREN SNYDER  |  FRIDAY, 5 AUG 2016
... Economics Society of Australia (Victoria branch) and director at CEDA, and was previously a senior executive at Commonwealth Bank. He will formally take over as director on 15 August. ACFS has a mission to provide thought leadership in financial services ...

Economic Wrap

ALEX DUNNIN  |  TUESDAY, 2 AUG 2016
... a fall in claimable interest rate based deductions on negatively property which should be a net positive for the commonwealth budget notwithstanding there will be offsetting effects on deeming rates. Dwelling approvals fall in June: ABS The number of ...

Economic Wrap

ALEX DUNNIN  |  FRIDAY, 29 JUL 2016
AOFM to buy back short-dated bonds The commonwealth government is restructuring part its bond portfolio debt by offering to buy-back short-dated Treasury Bonds and swap them into other durations. The Australian Office of Financial Management said this ...

Report shows bank reform well underway

DARREN SNYDER  |  THURSDAY, 14 JUL 2016
... supporting ASIC as a strong regulator. The first quarterly report is being welcomed across the banking industry with Commonwealth Bank group executive retail banking services, Matt Comyn, saying the report shows that the reform process from the industry ...

Boutique asset manager signs new exec

DARREN SNYDER  |  WEDNESDAY, 13 JUL 2016
... markets, wealth sales and the head of the investor services group. Prior to this Graham held leadership roles at Commonwealth Bank, including national executive manager, head of investor sales. He currently serves on a number of boards, including being ...

Editor's Choice

Global X awards mandate for ETF business

ELIZA BAVIN  |   12:33PM
Global X has awarded a new custody and administration mandate for its Australian ETF business.

Bell Asset Management launches small-caps fund

KARREN VERGARA  |   11:56AM
Bell Asset Management has formally launched its Australian Small Companies Fund, which is run by former Tyndall Asset Management portfolio managers.

Former Australian Ethical finance chief lands new gig

MATTHEW WAI  |   11:09AM
The former chief financial officer of the ethical investment manager has joined a local finance company after wrapping up his tenure at AUB Group.

MySuper assets pursue $1.5tn Choice sector

KARREN VERGARA  |   12:20PM
MySuper assets are fast catching up to the $1.5 trillion Choice sector, hitting nearly $1.2 trillion in the March quarter.

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