Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 81 - 90 of 2773 results for %22Commonwealth Bank of Australia%22

New rules on the way for BNPL sector

JAMIE WILLIAMSON  |  TUESDAY, 22 NOV 2022
... financial literacy, with greater educational content on the Moneysmart website, Money Managed website, and through Commonwealth Financial Counselling. Further, the ASIC funding model would need to be extended to account for regulating the sector and ...

CareSuper chair elected deputy president of ACSI

ANDREW MCKEAN  |  MONDAY, 21 NOV 2022
... the City of Sydney and was formerly deputy lord mayor. She also works with the National Reform Federal Council, the Commonwealth government's Regional Banking Taskforce and the NSW Environmental Trust.

NAB to wind up custody business

JAMIE WILLIAMSON  |  FRIDAY, 18 NOV 2022
... credit, NAB is the only major domestic bank still providing custody services in Australia, having itself acquired Commonwealth Bank's custody business in 2003. Westpac offloaded its custody business to HSBC in 2006, while ANZ exited the space when ...

ANZ to pay $42m in insurance lawsuit

CASSANDRA BALDINI  |  MONDAY, 14 NOV 2022
... ANZ has agreed to pay $42 million to settle a class action regarding consumer credit insurance (CCI) products. Commonwealth Bank has also reached a settlement for a similar matter. Slater and Gordon filed the class action against ANZ, OnePath Life, OnePath ...

Small wins for some pensioners

CASSANDRA BALDINI  |  WEDNESDAY, 26 OCT 2022
... bonus that aims to incentivise them into the workforce. Chalmers has further increased the income threshold for the Commonwealth Seniors Health Card. For singles, it will jump from $61,284 to $90,000, and for couples from $98,054 to $144,000. Speaking ...

CommSec, AUSIEX to pay $27m penalty

JAMIE WILLIAMSON  |  WEDNESDAY, 26 OCT 2022
... CommSec and AUSIEX's services be carried out, along with a review of their respective remediation processes. Commonwealth Bank said it has already paid total remediation of $6.5 million including interest. "It is essential that market participants ...

RBA downplays exchange rate inflationary impacts

ANDREW MCKEAN  |  TUESDAY, 25 OCT 2022
At the Commonwealth Bank Global Markets conference, Reserve Bank of Australia (RBA) assistant governor Christopher Kent said inflation is too high in most economies, reflecting disruptions to supply coupled with strong demand. In his presentation, Kent ...

PwC appoints chief economist for Australia

ANDREW MCKEAN  |  TUESDAY, 11 OCT 2022
... joining PwC, Auster was chief executive of the Infrastructure and Project Financing Agency and a chief adviser for the Commonwealth Treasury. She has also served as the deputy secretary of the Department of Treasury and Finance, executive director of ...

Data sharing laws updated in response to Optus breach

JAMIE WILLIAMSON  |  FRIDAY, 7 OCT 2022
... and safeguards for customers affected by the data breach. Optus will also be able to share identifiers to assist Commonwealth, and state and territory agencies, to detect and assist in preventing fraud. The proposed changes cover all APRA-regulated entities ...

A sensible roadmap: Industry responds to QAR paper

JAMIE WILLIAMSON  |  MONDAY, 29 AUG 2022
... best interests duty would see the industry return to "the bad old days that allowed scandals like those involving Commonwealth Financial Planning and Storm Financial to occur." "This would be an incredible disappointment to the victims of financial advice ...