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Search ResultsShowing 1 - 10 of 100+ results for "Commonwealth Bank"
Dollarmites faces more backlash
ANNABELLE DICKSON  |  TUESDAY, 1 DEC 2020
Commonwealth Bank's lucrative Dollarmites program has taken another blow as Victorian schools have banned such programs in favour of financial lessons. Dollarmites came under fire in 2018 when ASIC began a review into school banking programs . In its ...
CBA in court for overcharging interest
ELIZABETH MCARTHUR  |  TUESDAY, 1 DEC 2020
ASIC has commenced proceedings against the Commonwealth Bank (CBA) for overcharged interest to thousands of customers, as revealed during the Royal Commission. In the Federal Court, ASIC will allege that CBA charged a rate of interest on business overdraft ...
Aussie dividends lag on global stage
ELIZA BAVIN  |  MONDAY, 23 NOV 2020
... of the biggest drops in the world as a result of the steep cuts made by banks, transport and leisure stocks. Commonwealth Bank, National Australia Bank and ANZ accounted for three fifths of Australia's $12.3 billion fall in dividends for the quarter. ...
APRA reduces CBA capital requirement
ANNABELLE DICKSON  |  FRIDAY, 20 NOV 2020
The Australian Prudential Regulation Authority (APRA) has made the decision to reduce Commonwealth Bank's additional capital requirement by half after improving governance concerns. The $1 billion capital add-on has been halved to $500 million with ...
Shipton's tax bill under scrutiny
ELIZABETH MCARTHUR  |  WEDNESDAY, 18 NOV 2020
... difficult, isn't it?" "No," Samuel said. He pointed to Matt Comyn's transformation of the culture at the Commonwealth Bank as being an example of cultural change happening quickly, thanks to a zero-tolerance policy. "Anyone who says [cultural ...
CountPlus to continue acquisition spree
ANNABELLE DICKSON  |  MONDAY, 16 NOV 2020
... Count Financial. As at September 30, there are 1732 Count Financial client remediation matters as assessed by Commonwealth Bank with the bank providing $1.735 million in payments and a $300 million indemnity to cover past conduct. As a result, Count ...
Mike Baird to chair government fund
ELIZABETH MCARTHUR  |  FRIDAY, 13 NOV 2020
... the capital they need to grow. The Commonwealth Government is a shareholder in the fund, alongside ANZ, the Commonwealth Bank, the NAB, Westpac, HSBC and Macquarie. Treasurer Josh Frydenberg announced the appointment after the inaugural chair of the ...
Link hires from QSuper, NAB
JAMIE WILLIAMSON  |  FRIDAY, 13 NOV 2020
... role for close to four years. Prior to that he was executive director, consulting and strategic partnerships at Commonwealth Bank. In total he has over 20 years' experience in financial services, having also held senior roles with the likes of Thiess ...
CBA feels pressure of low rates, profits down
ANNABELLE DICKSON  |  WEDNESDAY, 11 NOV 2020
Commonwealth Bank of Australia reported a decrease in cash profit down for the September quarter due to lower margins and higher expenses. The preliminary figures show cash profits down 16% to $1.8 billion on the same period in the previous year. The ...
RBA, CBA, NAB partner for wholesale currency
ANNABELLE DICKSON  |  TUESDAY, 3 NOV 2020
... using distributed ledger technology (DLT) for settlement. As a part of the RBA's research on wholesale CBDC, Commonwealth Bank, NAB, Perpetual and blockchain company ConsenSys Software will develop a proof-of-concept (POC) for a tokenised form of ...
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