Commonwealth Bank of Australia (CBA.AX)
21 Sep 2018
SYDNEY Australia's Commonwealth Bank said on Thursday the head of its funds management business Colonial First State Global Asset Management (CFSGAM) will leave the firm, ahead of the unit's planned separation and listing next year.
SYDNEY, Sept 20 Australia's Commonwealth Bank said on Thursday the head of its funds management business Colonial First State Global Asset Management (CFSGAM) will leave the firm, ahead of the unit's planned separation and listing next year.
SYDNEY The insurance arm of Commonwealth Bank of Australia rejected a trauma payout to a customer using outdated criterion that found his heart attack was not severe enough, a powerful public inquiry into the financial sector heard on Wednesday.
* Lawsuit planned for excessive fees and paying below-market rates
SYDNEY Wealth manager Perpetual Ltd said it has divested Commonwealth Bank of Australia from its A$1.3 billion ($933.6 million) ethical fund due to revelations of corporate misconduct, the first big institutional investor to do so.
SYDNEY The world's first public bond created and managed using only blockchain had support from seven investors, Commonwealth Bank of Australia, the sole lead manager of the deal said on Friday, helping raise A$110 million ($80.48 million) for the World Bank.
* CBA shares, also trading ex-dividend, fall 2.5 pct (Recasts with latest CBA testimony)
* CBA and Insurance Australia Group account for most losses in Australia
SYDNEY, Aug 14 Commonwealth Bank of Australia (CBA) "breached a legislative provision" when it failed to transfer 15,000 pension customers to a low-cost product, an inquiry into financial sector conduct heard on Tuesday.
MELBOURNE, Aug 10 Commonwealth Bank of Australia has won a mandate from the World Bank to arrange a pioneering bond issue to be created and run using only blockchain, aiming to simplify capital raising and trading.