COMMONWEALTH BANK OF AUSTRALIA

Financial planning

Commonwealth Bank of Australia has announced cash net profit after tax of $4.7 billion, up 23% on the first half of 2021, helped by a significant reduction in remediation...

Financial planning

Commonwealth Bank costs related to aligned advice remediation have surpassed $1 billion while it has increased Count remediation for a second time in less than six months...

People & Products

A team of University of Sydney students have won the Global Champion title in the CFA Institute Research Challenge. ...

Funds management

Commonwealth Bank of Australia has retained its spot as one of the world’s biggest dividend payers, although it has fallen from 15th place in 2018 to 20th last year. ...

Life/Risk

CommInsure will refund $12 million for unfair life insurance telephone sales to around 30,000 customers....

Funds management

Commonwealth Bank of Australia has announced the completion of the divestment of its global asset management business, Colonial First State Global Asset Management....

Financial planning

ASIC has released the final report on the Commonwealth Bank’s compliance with additional licence conditions that were imposed regarding advice compensation, written by Ko...

Financial planning

Despite being implicated by the Royal Commission, banking institutions remain amongst the top graduate employers, according to GradAustralia’s Top 100 Graduate Employer s...

Policy & Regulation

The Commonwealth Bank has continued to defy negative headlines and the Royal Commission by being named Major Bank of the Year by Roy Morgan....

People & Products

Commonwealth Bank of Australia has appointed an independent non-executive director to its board, effective 1 January 2019....

Financial planning

The Commonwealth Bank (CBA) has announced that it will demerge its wealth management and mortgage broking businesses, which will result in the creation of an independent ...

Policy & Regulation

The Commonwealth Bank has entered an Enforceable Undertaking with the Australian Prudential Regulation Authority after a Prudential Panel identified multiple failings inc...

People & Products

Incoming Commonwealth Bank chief executive, Matt Comyn has moved to place his own stamp on the bank, announcing three senior executive departures....

Outsider

As Outsider ran his rather jaundiced eye over the Commonwealth Bank’s half-year results last week, he was given to reflect that this would be the last results announcemen...

Financial planning

Customer satisfaction with banks remains high at 80.8 per cent, with the scandal-ridden Commonwealth Bank coming out on top amongst the big four, according to Roy Morgan....

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 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 ...

5 months 1 week ago

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

7 months 2 weeks ago

The RBA has handed down its much-anticipated rate decision, following widespread expectations of a close call....

3 days 22 hours ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

2 weeks 4 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

4 weeks ago