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18 October 2024 • By Lachlan Maddock • 1 min read

Bank CEO to step down

BREAKING The chief executive of an Australian banking and wealth management group will resign in July 2020.

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Bank rally to be ‘short-lived’ as economy remains ‘vulnerable’

Investor confidence is on the rebound and the ASX hit a 12-year high on Monday. But it’s not all good news for the Australian economy.

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Bear Stearns was primed for an Aussie launch in 2008

A handful of Australian fund managers and credit stalwarts recall their whereabouts in 2008. One of them was preparing to open the Aussie outpost of a ...

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Big banks boycott Saudi summit over murdered journalist

A handful of the world’s finance leaders including IMF head Christine Lagarde have postponed travel plans to the Middle East following shocking ...

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BlackRock appoints head of iShares Australia

BlackRock has appointed Christian Obrist as the new head of its Australian ETFs business.

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BlackRock exits thermal coal investments

The world’s largest fund manager has told clients it will swiftly exit its thermal coal investments over the next six months.

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Blackstone continues to battle for Aussie property assets

Property trusts are trading at a considerable discount to their physical counterparts, driving a flurry of corporate dealmaking, according to ...

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BOQ terminates life insurance sale 

The regional bank has today announced that it will not proceed with the sale of its insurance business to Freedom Insurance Group.

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Bravura snaps up wealth tech firm for $25m

ASX-listed Bravura has acquired FinoComp, an Australian software company that builds flexible solutions for the UK wealth market.

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Budget retailer breaks into super with new fund

Mercer has partnered with an Australian e-commerce company to launch a low-fee superannuation fund.

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Bullock-led RBA hands down cash rate verdict

The central bank has issued its first monetary policy update with new chair Michele Bullock at the helm.

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CBA chief financial officer resigns

Commonwealth Bank chief financial officer Rob Jesudason has resigned after just under a year in the role.

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CBA group general counsel to step down

The major bank’s group general counsel, who played a critical role in the bank’s AUSTRAC, BBSW, APRA inquiry and royal commission challenges, is to ...

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CBA may have breached contract law: Hayne

The royal commission has today heard how the insurance division of Australia’s biggest bank may have broken the law by breaching its contract with the ...

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CBA offloads advice group for $2.5m

Australia’s largest bank has confirmed that it will sell a major advice dealer group with 359 advisers for $2.5 million. 

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CBA settles AUSTRAC case for $700m

The Commonwealth Bank has agreed to pay $700 million to settle a case brought by AUSTRAC relating to anti-money laundering and counter-terrorism ...

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CBA ups remediation payout by $2.3m

Australia's biggest bank has increased the amount of compensation offered to financial advice clients, according to KordaMentha Forensic’s final ...

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Challenger names new funds management CEO - 2019

Challenger has announced the appointment of Nick Hamilton as chief executive, funds management, effective from Monday 23 September 2019.

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Citigroup to refund over $3m to clients

Following an ASIC investigation, Citigroup will refund over $3 million to 114 retail customers for losses arising out of structured product ...

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Class action launched against Colonial First State

Slater and Gordon today filed a class action on behalf of 500,000 Australians who were charged excessive superannuation fees to fund ongoing ...

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