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Showing 241 - 250 of 1206 results for %22CBA%22

APRA to boost staff numbers

HARRISON WORLEY  |  FRIDAY, 12 APR 2019
... role too greatly. "Taking into account developments such as the BEAR regime, the Royal Commission, the learnings from the CBA Inquiry - and the fact we have had new powers given to us - we plan to set out a new approach to enforcement that will see us ...

CBA, ASIC move to resolve AFSL conditions

KANIKA SOOD  |  WEDNESDAY, 10 APR 2019
... million to 232 clients advised by five of its advisers, according to KordaMentha Forensic's fifth and final report. This takes CBA's total remediation bill in relation to the issues and other identified throughout the review to $9.3 million. The initial ...

Colonial acquisition cost CBA shareholders $53bn: Merlon

KANIKA SOOD  |  TUESDAY, 9 APR 2019
... destroyed $53 billion of value to shareholders in today's dollars, says Merlon Capital Partners. Analyst Hamish Carlisle says CBA overpaid for Colonial in 2000, and after the acquisition increased its expenses, failed to grab more market share and ...

Financial advice exit a boon for the industry: Poll

KARREN VERGARA  |  MONDAY, 8 APR 2019
... said only time will tell what type of effect the demergers and sales will have on financial advice. As it currently stands, CBA is delaying its planned demerger but said it remains committed to exiting wealth. The OnePath/IOOF transaction is on ice pending ...

Superannuation Consumer Advocate proposal needs work

KARREN VERGARA  |  THURSDAY, 4 APR 2019
... independent voice to combat these powerful industry influences." The SCC received funding in 2018 as a result of penalties CBA and ANZ were forced to pay. The banks paid a total of $2.5 million community benefits after ASIC found branch staff sold superannuation ...

Wealth heavyweights join FSC board

HARRISON WORLEY  |  THURSDAY, 4 APR 2019
... financial officer of the firm's Asia region wealth management office. Yetton has spent the last six months leading the demerger of CBA's wealth business, having been appointed chief executive of its NewCo entity last October. He previously spent more ...

Former Commonwealth Bank chief joins ASX-listed firm

ELIZABETH MCARTHUR  |  TUESDAY, 2 APR 2019
... Andrew Bassat on strategy development and operating priorities. The new role will be a significant change of pace for Narev; CBA's market capitalisation sits at about $126 billion in comparison to SEEK's $6.1 billion. Bassat said: "I am delighted that ...

J.P. Morgan appoints new local chief

KANIKA SOOD  |  THURSDAY, 28 MAR 2019
J.P. Morgan has appointed a new chief executive for its business in Australia and New Zealand, as the incumbent moves into an APAC role. Robert Bedwell is taking the top job after working as the head of sales and marketing. Bedwell moves into the role ...

Banks move to derisk, workforces shrink

KANIKA SOOD  |  MONDAY, 25 MAR 2019
... time of writing). Yet, investors are showing faith in the big banks. CommSec, which tracks consensus stock ratings, places CBA, NAB, Westpac and ANZ all as a "moderate buy." Among the industry's biggest investors is the country's $2.8 trillion ...

Former Financial Wisdom adviser banned

KARREN VERGARA  |  THURSDAY, 21 MAR 2019
... Financial Wisdom financial adviser from working in financial services. Anneliese Ada Willmott was an authorised representative of CBA subsidiary Financial Wisdom from 12 November 2015 until 10 August 2017. Financial Wisdom notified ASIC about Willmott's ...