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Showing 211 - 220 of 1206 results for %22CBA%22

Dividend payouts stagnate

KARREN VERGARA  |  MONDAY, 26 AUG 2019
... remediation and responsible lending. "We remain cautious on the banks given ultra-low rates and stretched multiples. We expect CBA and WBC to join ANZ and NAB in cutting dividends should rates continue to fall," the note said. Globally, total dividends ...

CommInsure sale stalls, sold for discount

KARREN VERGARA  |  FRIDAY, 23 AUG 2019
... co-operation agreement with AIA, reinsurance arrangements, partnership milestone payments and a statutory asset transfer. CBA flagged its intention to sell 100% of CommInsure Life back in September 2017, and expected the transaction to complete by the ...

Industry fund awards $150m mandate

KARREN VERGARA  |  THURSDAY, 22 AUG 2019
... fund manager partnered with Colonial First State to launch the Affirmative Global Bond Fund, which also helps parent company CBA fund $15 billion of low energy carbon projects by 2025. Sunsuper chief investment officer Ian Patrick said: "We believe ESG ...

APRA opens margin requirement talks

HARRISON WORLEY  |  THURSDAY, 15 AUG 2019
... self-assessment. APRA said the extra capital requirement - the first applied to an institution outside the big four banks since the CBA prudential inquiry - would remain in place until its remediation work was complete and identified gaps were closed ...

APRA hits Allianz over risk

HARRISON WORLEY  |  WEDNESDAY, 14 AUG 2019
... the bank's operational risk management framework "worked better on paper than in practice". Following the inquiry, APRA hit CBA with an additional $1 billion capital requirement, and asked 36 banks, insurers and superannuation licensees to undertake ...

CBA remediation bill drags performance

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2019
... implementing regulatory and compliance initiatives, including recommendations from the financial services Royal Commission, CBA announced to the ASX this morning. Its cumulative spend and provision on rectifying errors further breaks down to: aligned ...

ASIC reveals advice remediation progress

HARRISON WORLEY  |  THURSDAY, 1 AUG 2019
... June 30 this year, NAB had paid more than $32 million to 1032 customers affected by the poor advice of 81 financial advisers. CBA paid the lowest amount of remediation and had the equivalent of only 1.5 full-time staff working on remediation from report ...

CFSGAM sale clears regulatory hurdles

KANIKA SOOD  |  FRIDAY, 26 JUL 2019
... banking giant. The $4.2 billion sale to Mitsubishi UFJ Trust and Banking Corporation (MUTB) is expected completion is in August, CBA said in company filings yesterday. "The final sales proceeds are currently expected to be $4.2 billion, subject to completion ...

Corporate fund updates members on fee changes

KARREN VERGARA  |  FRIDAY, 19 JUL 2019
A $12 billion corporate super fund has achieved lower investment and transaction fees for its members for the 2019 financial year. Commonwealth Bank Group Super's investment-related fee and cost estimates, which generally change each year, were ...

New chief at CBA Group Super

ELIZABETH MCARTHUR  |  FRIDAY, 19 JUL 2019
... appointment of its new chief executive. Scott Durbin will step into the chief executive role on August 6. A spokesperson from CBA told Financial Standard the appointment follows an extensive search externally and within the group. Durbin will join CBA ...