commonwealth bank

Financial planning

The Commonwealth Bank has put its wealth demerger on hold to allow it time to complete its client remediation processes....

Policy & Regulation

ASIC hits AMP and banks over laggard approach to fee for no service

The Australian Securities and Investments Commission has signalled using its new directions power in the face of the slow response of AMP and the major banks to follow-up...

Financial planning

CBA acting on RC advice recommendations: Comyn

CBA has expressed its total support for the Banking Royal Commission’s final recommendations and signalled how it is already acting on many of them as it seeks to rebuild...

People & Products

Key CBA executive departs

The woman who guided the Commonwealth Bank through some of the its most challenging legal affairs has announced her departure from the business....

Financial planning

CBA posts solid half

The Commonwealth Bank has posted a solid half-year result amid the fall-out from the Royal Commission and its exit from wealth....

Financial planning

ASIC bans inadequately trained planner

A Hobart financial planner who was not sufficiently trained, despite holding a Diploma of Financial Planning from Kaplan, or competent to provide financial services has b...

Financial planning

Australians face uncertain financial future

One in three Australians face an uncertain financial future, according to a joint study by the Commonwealth Bank and the Melbourne Institute....

Financial planning

Financial adviser exam will cost millions

The Financial Adviser Standards and Ethics Authority’s business plan has revealed the financial adviser exam will cost millions and be the authority’s single biggest expe...

Funds management

Big four move into red

The big four banks have moved into the red over the past week, with Westpac falling just under nine per cent....

Financial planning

CBA staff misunderstood client relationship

Commonwealth Bank chief executive, Matt Comyn has cited fee for no service as being one of the bank’s key shortcomings and claimed key executive personnel had failed to u...

Policy & Regulation

CBA CEO questions the value of past executives

Commonwealth Bank chief executive, Matt Comyn has questioned the quality of some of the bank’s previous senior executives, suggesting some had not represented appropriate...

Financial planning

CommBank backs brokers best interests duty

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....

Financial planning

We did not speak up to put things right

Commonwealth Bank senior executive, Marianne Perkovic formally told the bank’s chief executive, Matt Comyn that she was disappointed she did not speak up loud enough to m...