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Showing 1 - 10 of 2789 results for "Commonwealth Bank"

Commonwealth Bank names chief economist

ELIZA BAVIN  |  THURSDAY, 5 DEC 2024
Commonwealth Bank (CBA) has appointed Luke Yeaman as its new chief economist and head of global economic and markets research. Yeaman is currently a deputy secretary in the Department of Treasury and head of their macroeconomic group, a position he's ...

'But for' compensation methodology unfair: FAAA

KARREN VERGARA  |  FRIDAY, 29 NOV 2024
... adviser." Singh agreed that, from the outside, it looks like an opportunity cost calculation. Taking the example of Commonwealth Bank, which some years ago took clients' investments out of term deposits, referred them to financial planners who invested ...

JBWere restructures, chief executive exits

ELIZA BAVIN  |  WEDNESDAY, 20 NOV 2024
... her commitment and leadership of the JBWere business and we wish her well." Prior to JBWere, Lykouras was at Commonwealth Bank for 10 years and worked across various leadership roles within the now defunct financial advice business. She has also held ...

Wages grow 3.5% for the year

ELIZA BAVIN  |  WEDNESDAY, 13 NOV 2024
... Michelle Marquardt said this was the first time annual wage growth had fallen below 4% since the June 2023 quarter. Commonwealth Bank senior economist Stephen Wu said the reading was softer than what the Reserve Bank of Australia (RBA) was expecting. ...

Australian economy 'fundamentally sound': CBA

ELIZA BAVIN  |  WEDNESDAY, 13 NOV 2024
Commonwealth Bank (CBA) chief executive Matt Comyn painted a positive picture for the Australian economy, despite ongoing cost-of-living pressures. Comyn said high interest rates are doing the job of bringing inflation under control, but the pace of ...

LGT Crestone takes over remainder of Commonwealth Bank's advice business

ANDREW MCKEAN  |  MONDAY, 11 NOV 2024
LGT Crestone has inked a deal to scoop up Commonwealth Bank's (CBA's) remaining personal advice business, which serves high-net-worth and ultra-high-net-worth clients. Commonwealth Private Advice has around 500 clients with assets exceeding $5 billion. ...

Fed cuts rates as Powell is questioned on Trump win

ELIZA BAVIN  |  FRIDAY, 8 NOV 2024
... would be a material impact on both inflation and inflation expectations, likely necessitating a Fed response. Commonwealth Bank chief economist Stephen Halmarick said the bank is anticipating further interest rate cuts from the Fed. "We continue to expect ...

Interest rates to remain on hold for some time

ELIZA BAVIN  |  WEDNESDAY, 6 NOV 2024
... sooner than expected but still, we see rates remaining restrictive for an extended period now." On the flipside, Commonwealth Bank (CBA) head of Australian economics Gareth Aird - who has remained steadfast that interest rate cuts are on the horizon ...

Liberal MP calls for SoA replacement

KARREN VERGARA  |  TUESDAY, 5 NOV 2024
... good outcome for either the client or the adviser." Van Manen previously worked as a financial adviser for the Commonwealth Bank between 1983 and 1998. Afterwards, he became a director of Van Manen Investments for 12 years. Luke Howarth, the member for ...

US election to add to inflation woes: Experts

ELIZA BAVIN  |  TUESDAY, 5 NOV 2024
... were lower on Monday (local time) ahead of the election, as polls continue to indicate it will be a tight race. Commonwealth Bank senior economist Belinda Allen said financial markets appear to be bracing for a Harris victory. "US bond yields fell sharply ...
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