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COMMBANK
Funds management
CommBank has unveiled its own buy now, pay later service called Commbank BNPL but there are “fatal flaws” in the business, according to Datt Capital’s Emanuel Datt. ...
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
AMP and QBE have both beat earnings and dividends/ capital management this earning season, according to UBS....
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...
Outsider
Outsider was among those who were somewhat surprised that the Commonwealth Bank opted to close down the Financial Wisdom license rather than sell it....
Funds management
The Commonwealth Bank has announced it will divest from thermal coal by 2030, after being one of the heaviest lenders to coal, oil, and gas, according to Market Forces. ...
Financial planning
The Commonwealth Bank chief executive, Matt Comyn has agreed that mortgage brokers should be subject to the same sort of client best interests duty as financial planners....
Funds management
CommBank has said proposed changes to New Zealand legislation hybrid capital securities will not impact PERLS distributions....
Financial planning
While CBA is looking to pay at least $32.3 million in customer and employee review and remediation actions, it does not include all regulatory matters the bank is reviewi...
Financial planning
The Government has backed the claims against CommInsure being referred to an expanded Senate Committee at the same time as endorsing a full-blown ASIC investigation....
Financial planning
Positive Wealth Management division outcomes have helped drive the Commonwealth Bank to a $4.8 billion half-year result....
Financial planning
The Commonwealth Bank has appointed AMP's Hugh Humphrey as its new Bank Financial Planning General Manager. ...
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MARKET INSIGHTS
Podcast
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...
So we are now underwriting criminal scams?...