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Funds management
While the major banks have been resilient and avoided a worst-case scenario by holding strong balance sheets during the economic downturn, they still have “a big job” ahe...
People & Products
Anne Ward, chair of Colonial First State and Avanteos Investments, will retire from the board at the end of the year as the Commonwealth Bank looks to sell CFS to KKR....
People & Products
First Sentier Investors has announced the completion of its rebrand from First State Investments to First Sentier Investors in all markets ex Australia. ...
People & Products
Cathy Doyle will be the new chair of the superannuation and wealth management recruitment firm. ...
Financial planning
Fitch Ratings has maintained its negative outlook on the ratings of Australia’s four largest banks: ANZ Group, Commonwealth Bank of Australia, NAB and Westpac. ...
Financial planning
Collaboration between climate scientists and finance firms like NAB, Westpac and the Commonwealth Bank has produced guidance on assessing the physical risks of climate ch...
Policy & Regulation
The Commonwealth Bank is facing court action initiated by the Australian Securities and Investments Commission which might have been avoided if it had properly and transp...
Financial planning
A former Financial Wisdom practice is looking to the Commonwealth Bank to make good over $33,000 which was overlooked as the big banking group closed down the license....
Funds management
Banks are ‘confusing’ as they look cheaper now relative to any period of history but the outlook is not great for the sector, according to Airlie Funds Management....
Policy & Regulation
The Australian Securities and Investments Commission has signalled it will not be pursuing the Commonwealth Bank over possible AUTRAC-related violations of the Corporatio...
Financial planning
Six of Australia's largest banking and financial services institutions have offered a total of $1.05 billion in compensation, as at 30 June 2020, to customers who suffere...
Financial planning
The Commonwealth Bank has been hit with another class action – this time involving CommInsure products recommended by Commonwealth Financial Planning and Financial Wisdom...
Financial planning
Substantially exiting its wealth management businesses has helped the Commonwealth Bank post a solid result despite the pressures of COVID-19....
Financial planning
Breaches of the Future of Financial Advice rules will sit at the centre of class actions being formulated against the Commonwealth Bank, AMP and Westpac and a number of t...
People & Products
The Commonwealth Bank of Australia has partnered with Zetta Ventures Partners and Square Pegg to deliver new digital banking services, and X15 Ventures who will launch sm...
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MARKET INSIGHTS
Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...