commonwealth bank

Financial planning

We're appropriately indemnified declares Countplus

Countplus has declared to the market that it has been sufficiently indemnified by the Commonwealth Bank against the growing remediation costs of Count Financial....

Financial planning

CBA’s operational risk capital add-on reduced by $500m

As an acknowledgement of the “substantial progress” the bank has made on its remedial action plan to improve its risk management capability, the Australian Prudential Reg...

Features

InFocus: When the big banks left they took their money off the table

There is no lack of competition between licensees to attract good financial planning businesses, but Mike Taylor writes, the days of the deep pockets of the big banks are...

People & Products

CFS chair to retire from board

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....

Funds management

BNPL may have hit ceiling

Buy now, pay later stocks like Afterpay, Sezzle and Zip may have hit their ceiling as increased competition from established financial firms enter the market....

Financial planning

CBA hit with another financial planning class action

The Commonwealth Bank has been hit with another class action – this time involving CommInsure products recommended by Commonwealth Financial Planning and Financial Wisdom...

Funds management

Big four bank profitability under pressure: Fitch

Profitability at the big four banks is expected to remain under pressure for the next 18 months, according to ratings agency Fitch. ...

Financial planning

CBA posts solid result citing exit from wealth

Substantially exiting its wealth management businesses has helped the Commonwealth Bank post a solid result despite the pressures of COVID-19....

Financial planning

CBA, Westpac and AMP facing new FoFA-related class actions

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

Iress appoints chief commercial officer

Research firm Investment Trends chief executive, Michael Blomfield, has been appointed to the newly-created role....

People & Products

MBA appoints two senior managers

Wendy Cox has been appointed to the newly-created role of head of finance and HR, while Lata McNulty has been promoted to the newly-created role of chief risk officer by ...

People & Products

CBA announces partnerships for new digital services

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...

Funds management

Big four lend $35.5b to coal, oil, gas since Paris Agreement

Commonwealth Bank and ANZ are “the worst” offenders with each lending to projects with emissions equivalent to nearly eight years of Australia’s total greenhouse gas emis...