Powered by MOMENTUM MEDIA
moneymanagement logo
 

COMMONWEALTH BANK

Financial planning

Commonwealth Private Limited, a subsidiary of Commonwealth Bank of Australia, has launched a wholesale offering with the help of JPMAM....

Financial planning

Trading platform AUSIEX has shared the most bought individual ASX share by advised investors in May as well as by advised self-managed superannuation funds....

Financial planning

Wealth manager LGT Crestone has successfully completed its acquisition of Commonwealth Bank’s high-net-worth financial advisory business, bringing across some $5 billion ...

Funds management

Fund manager GSFM has appointed a key account manager for Queensland, following the appointment of a head of retail distribution last month....

Financial planning

LGT Crestone chief executive Michael Chisholm believes the firm was chosen to acquire Commonwealth Bank’s personal advice arm due to its strong private market capability....

People & Products

Centrepoint Alliance has appointed a former senior Colonial First State executive as an independent non-executive director on its board....

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. ...

Financial planning

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

Financial planning

The Commonwealth Bank has completed its sale of its 55% interest in Colonial First State to private equity firm KKR....

Policy & Regulation

None of the outcomes resulted in criminal proceedings, and there is a similar percentage of ongoing cases by the corporate regulator....

People & Products

Colonial First State has hired Anthony Lane from MLC as its group chief risk officer as it continues its senior leadership appointments spree....

Policy & Regulation

As part of its penalty for overcharging interest on business overdraft accounts, which it has been forced to pay $7 million, it will also be required to publish misconduc...

Financial planning

Fee for no service and inappropriate advice issues are continuing to dog the Commonwealth Bank even though it has substantially exited financial planning....

Policy & Regulation

The corporate regulator is suing the Commonwealth Bank for misleading conduct over its monthly access fees, which saw $55 million incorrectly charged to customers....

Policy & Regulation

The big four bank has disputed claims from the Finance Sector Union that it is asking members to vote for “wage theft”....

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

2 weeks 1 day ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

3 weeks 1 day ago

So we are now underwriting criminal scams?...

6 months 3 weeks ago

After last month’s surprise hold, the Reserve Bank of Australia has announced its latest interest rate decision....

2 weeks 3 days ago

WT Financial’s Keith Cullen is eager for its Hubco initiative to see advice firms under its licence trade at multiples which are catching up to those UK and US financial ...

3 weeks ago

As the deadline approaches for advisers to meet higher education requirements, the FAAA has shared an “obscure” loophole to help advisers avoid redoing a professional yea...

1 week ago