CBA

Financial planning

Major banks paid or offered customers $215.9 million of an estimated $219.5 million in refunds and interests for failing to provide advice....

image
Financial planning

A former Commonwealth Bank of Australia financial planner has been sentenced by the Brisbane Magistrates Court over signature forgeries. ...

image
Financial planning

A former Commonwealth Financial Planning senior planner has pleaded guilty to one rolled-up charge alleging forgery....

image
Financial planning

The Commonwealth Bank has confirmed it has looked at how far it can go within the legal constraints of general advice....

image
Financial planning

The Commonwealth Bank remains the bank with the highest customer satisfaction of the Big Four, confirming that the recent financial planning scandals have had little imp...

image
Financial planning

The Commonwealth Bank has continued its public image rehabilitation strategy by claiming to have removed the sales culture from the incentive program offered to tellers a...

image
Financial planning

The CBA has issued a statement saying it would defend the shareholder class action brought against it by Maurice Blackburn in relation to the anti-money laundering scand...

image
Policy & Regulation

Litigation funder IMF Bentham has announced its funding of a class action against the Commonwealth Bank has gone unconditional....

image
People & Products

The Board of Commonwealth Bank-owned ASB Bank has announced the departure of its chief executive and managing director, effective March 2018....

image
Financial planning

The CBA was the first bank yesterday to announce it was removing ATM withdrawal fees, and was quickly followed by the other majors amid continuing calls for a Royal Commi...

image
Policy & Regulation

The Australian Prudential Regulation Authority has appointed the former chair of APRA and the ACCC to the special panel appointed to probe the Commonwealth Bank....

image
Financial planning

Civil proceedings against CBA by AUSTRAC has been listed for a directions hearing on 2 April 2018....

image
Financial planning

The Australian Prudential Regulation Authority may find itself with discretion to use the new Bank Executive Accountability Regime at the end of its probe into the Common...

image
Financial planning

The Finance Sector Union has declared the APRA probe into the Commonwealth Bank as insufficient as the Treasurer, Scott Morrison, reveals close contact with CBA chair, C...

image
Financial planning

The Australian Prudential Regulation Authority has launched an independent prudential inquiry into governance and culture at the Commonwealth Bank....

image
sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

4 months 1 week ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

4 months 2 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

6 months 2 weeks ago

Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...

1 week 3 days ago

ASIC has banned a former NSW adviser from providing advice for 10 years for investing at least $14.8 million into a cryptocurrency-based scam. ...

3 days 17 hours ago

ASIC has issued a warning to financial advisers to ensure they are complying with client consent requirements when entering into ongoing fee arrangements....

1 week 2 days ago