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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....
MARKET INSIGHTS
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Podcast
My view is that after 2026 there will be quite a bit less than 10,000 'advisers' (investment advisers) and less than 100...
Dugald makes a great point that not everyone's definition of green is the same and gives a good example. Funds have bee...
How did they get the AFSL in the first place? Given the green light by ASIC. This is terrible example of ASIC's incompet...