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Showing 1 - 10 of 12 results for "Commonwealth Bank for"

Criminal charges filed against CBA

ELIZABETH MCARTHUR  |  FRIDAY, 17 SEP 2021
ASIC has brought 30 criminal charges against Commonwealth Bank for mis-selling consumer credit insurance, with the bank to plead guilty. The charges relate to CBA's promotion and sale of CreditCard Plus and Loan Protection policies as an add-on insurance ...

Ord Minnett names head of equities

KARREN VERGARA  |  THURSDAY, 16 SEP 2021
... equity sales at capital markets and investment group CLSA for over a year and was a research associate at Commonwealth Bank for five-and-a-half years. Ord Minnett recently appointed a new state manager for Queensland and senior investment adviser. David ...

CBA to pay $7m for overcharged interest

ANNABELLE DICKSON  |  THURSDAY, 8 APR 2021
The Federal Court has imposed a $7 million penalty on Commonwealth Bank for charging higher interest rates on business overdraft accounts than what it advised its customers over a four-year period. Following an investigation by ASIC, CBA admitted to ...

What to expect from February reporting season

KANIKA SOOD  |  WEDNESDAY, 3 FEB 2021
... earnings. Many financials will start reporting next week, with Challenger and Macquarie slated for Feb 9, Commonwealth Bank for the February 10 and AMP, ASX and Magellan for February 11. Financial stocks' 12-month forward PE is 16.7x, which is higher ...

Australians Googling for advice

KANIKA SOOD  |  WEDNESDAY, 3 FEB 2021
... confirmed breaches in relation to financial advice, such as ASIC warning real estate bodies and acting against Commonwealth Bank for conflicted remuneration. Such misconduct stories accounted for nine of the 20 articles with the most engagement from ...

CBA coughs up $5m over RC case study

ALLY SELBY  |  TUESDAY, 9 JUN 2020
ASIC has trumped the Commonwealth Bank for failures in its AgriAdvantage Plus Package, with the Federal Court of Australia ordering the bank to cough up a $5 million penalty. On Friday, the Court found that the bank had breached the ASIC Act and Corporations ...

Westpac faces class action over life insurance

KARREN VERGARA  |  MONDAY, 16 OCT 2017
... counsel Jan Saddler will lead the class action. Last week, Maurice Blackburn led a class action against the Commonwealth Bank for allegedly breaching anti-money laundering and counter-terrorism financing laws. BT Financial Group said it will defend the ...

Financial services firms acquire $1bn Technology Park

LAURA MILLAN  |  FRIDAY, 13 NOV 2015
... and it is expected that the office buildings will be completed in 2019. The offices will be leased to the Commonwealth Bank for a term of 15 years. On top of the office space development, the consortium will develop an additional 3,000 square metres ...

CFS and Aussie launch planning arm

ELISE BURGESS  |  MONDAY, 31 OCT 2011
... insurance products and loans. "We will have the opportunity to gain additional wholesale funding from the Commonwealth Bank for our Aussie branded suite of mortgage products," said John Symond, founder and executive chairman of Aussie at the time. The ...

Capital protected products gain popularity

RUTH LIEW  |  WEDNESDAY, 25 FEB 2009
... three months to December last year. AXA is not the only financial firm offering capital protection products. Commonwealth Bank for instance recently launched Capital Series Australia II, also a capital protected investment product to entice investors ...
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