CBA

Financial planning

The Federal Court has approved Commonwealth Bank’s $50 million settlement in the consumer credit insurance class action....

Superannuation

The regulator failed to overturn a Federal Court finding that the Commonwealth Bank of Australia and Colonial First State did not receive “conflicted remuneration” benefi...

Financial planning

Earmarking some $520 million in an indemnity deed to former subsidiary Count Financial, CBA’s full-year results reveal a trial date has been fixed for March 2024. ...

People & Products

Shez Ford, former wealth and advice executive at CBA, has moved over to Allianz Australia as chief general manager, consumer. ...

Financial planning

There is an estimated $3.7 trillion opportunity for the big four banks to return to wealth management and with the Quality of Advice Review focusing on digital advice, th...

People & Products

Commonwealth Bank shareholders have benefited from the higher interest rate environment, with the big four bank’s earnings rising 9% over the first half of the 2023 finan...

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People & Products

Jeff Morris, who blew the whistle on Commonwealth Bank’s financial planning malpractice in 2008, has been awarded a Medal of the Order of Australia. ...

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Financial planning

With the cost of living hitting people’s budgets, Commonwealth Bank has shared consumers’ top financial goals for 2023....

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Funds management

From infringement notices to interim stop orders, Money Management reviews the biggest companies that were put under the microscope by the corporate regulator....

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Funds management

Criminal proceedings against CBA regarding sales of consumer credit insurance have been dismissed by the Federal Court due to a statute bar....

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Financial planning

Commonwealth Bank of Australia has set aside a further $220m to cover remediation of legacy fee for no service conduct at Count Financial....

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Policy & Regulation

The Federal Court has dismissed proceedings brought by ASIC against CBA regarding $55 million in fees being charged to almost one million customers....

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Funds management

Financial stocks NAB and CBA generated strong performance for the Pengana Australian Equity fund last month....

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Financial planning

ASIC has lodged an appeal against the Federal Court’s ruling in favour of Commonwealth Bank and Colonial First State. ...

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Policy & Regulation

Regulatory action against Colonial First State and Commonwealth Bank alleging breaches of conflicted remuneration laws have been dismissed by the Federal Court....

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