Todos os artigos de Commonwealth Bank of Australia
Exibindo 21 - 31 de 31 artigos
The performance of ASIC in regulating financial fraud remains under question, despite Chairman Greg Medcraft’s recanted statement that Australia is a “paradise” for white-collar criminals.
Britta Campion/AAP
Recently, the head of the Australian Securities and Investments Commission, Greg Medcraft, called Australia a “paradise” for white-collar criminals. Soon after he recanted, claiming he didn’t want the…
Some financial advisers are greedy, but others simply have a bias problem.
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There’s no doubt incentives matter for financial advisers. If an employer pays a higher commission to an adviser for selling one product instead of another, it’s likely the commission-linked product will…
Australia’s employee fraud problem needs a new approach.
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The high cost of organisational fraud in both private and public sectors in Australia continues to haunt organisations, particularly fraud committed by “trusted” employees. Cases prosecuted this month…
The independence of CBA’s Open Advice Review program has been called into question.
Dean Lewins/AAP
It clearly took some courage (and a lot of persuasion from powerful friends) to convince Ian Narev, the Chief executive of the Commonwealth Bank to respond to widespread demands and front the media with…
Commonwealth Bank CEO Ian Narev said the bank’s review process will be independent.
Dean Lewins/AAP
Commonwealth Bank of Australia chief Ian Narev has apologised for breaching customer trust after evidence emerged of serious misconduct by the bank’s financial planning arm, Commonwealth Financial Planning…
Joe Hockey’s mother-in-law was a victim of the Commonwealth Bank scandal, in which many people lost savings due to rogue financial advisers in part of the CBA group. But Hockey has been keeping his distance…
The spotlight is on the David Murray’s Financial System inquiry following a report critical of the Commonwealth Bank and Australia’s corporate regulator.
AAP/Joel Carrett
The Senate inquiry in the actions of the Commonwealth Bank and the Australian Securities and Investment Commission has drawn a line in the sand, holding the banks and financial advisers to account for…
The Commonwealth Bank and ASIC may face a Royal Commission.
AAP/Dan Peled
A senate inquiry has called for the Commonwealth Bank (CBA) and Australia’s corporate regulator, the Australian Securities and Investments Commission (ASIC), to be investigated by a Royal Commission. The…
Commonwealth Bank chief Ian Narev announces a record full-year profit of A$7.8 billion, ahead of this week’s $2.1 billion quarterly result.
Paul Miller/AAP
Like most companies, banks report their profits twice a year. Each time the majors report we see headlines about the size of the profits and implicit or explicit criticism of the amount – this time about…
Complex legal structures between countries, known as “hybrid” tax, legally minimise tax but represent a significant challenge for governments.
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There has been a lot in the news lately about the low tax paid by some multinational corporations, including Starbucks and Google. These multinationals say that they are complying with the tax laws of…
Recent ASIC enforcement action against Leighton and the Commonwealth Bank appear mostly symbolic.
AAP
Two apparently successful negotiated prosecutions do not a successful strategy make. The outline of a flexing of agency discretion within the Australian Securities and Investments Commission (ASIC) has…