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CBA takes $300m remediation hit

30 July 2020 • By Lachlan Maddock • 1 min read

CBA takes $300m remediation hit

CBA has provisioned $300 million for remediation costs ahead of its upcoming results, bringing total remediation costs close to a billion dollars

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World holds its breath as economies come off life support

An international asset manager has suggested the global economy is currently insulated from the worst financial effects of the COVID-19 crisis, with ...

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Deutsche Bank dumps Arctic oil financing, signals coal mining exit

Deutsche Bank has indicated it will immediately stop financing for any new oil and gas projects in the Arctic region as it plans to cut ties to coal ...

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Westpac to replace 1,000 overseas employees with locals

The big four bank has indicated it will roll back around 1,000 support jobs to Australia from overseas, following a surge in demand for customer ...

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AMP faces adviser revolt

The wealth giant has been hit with a class action lawsuit by its own financial advisers following its decision to slash its buyer of last resort ...

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Queensland mining early super the most, body says

Queensland has been named as the state tapping into the early super scheme the most, with more than 145,000 people emptying their accounts according ...

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APRA demands banks halve dividends

APRA has warned banks to reduce their dividends, raising fears that income investors could still be hit hard despite payouts going ahead

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Labor demands retirement review release

Labor shadow ministers have urged for the immediate release of the Retirement Income Review’s report, having raised concerns around transparency and ...

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Franklin Templeton announces senior appointments, departures

Franklin Templeton has announced the appointment of a new head of APAC, as well as the departure of a number of executives ahead of its acquisition of ...

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All super funds could face fraud: AUSTRAC

Superannuation funds should remain vigilant for suspicious activity during the early release scheme, AUSTRAC has warned, as the industry’s levels of ...

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