Talks of European banning Russian gas placed a lid on the rise of the Euro even as the US dollar firmed up with expectations of a rise in U.S. interest rates. The euro has been weighed down by worries of… Read More ›
Commonwealth Bank of Australia
Commonwealth Bank of Australia pleads guilty to 30 criminal charges
On Friday, in a statement the Australian Securities and Investments Commission (ASIC) said, the Commonwealth Bank of Australia, the country’s largest lender has pleaded guilty to 30 criminal charges for mis-selling consumer credit insurance between 2011 and 2015. The scrutiny… Read More ›
ASIC files lawsuit against Commonwealth Bank of Australia’s pension unit for deceptive product communication
On Tuesday, Australia’s corporate regulator stated, it has filed a civil lawsuit against Commonwealth Bank of Australia’s pension business for deceptive product communication. “Product communication by Colonial First State Investments between March 2014 and August 2016 hindered customers of the… Read More ›
Commonwealth Bank of Australia pleads guilty to making unsolicited calls for selling financial products
On Tuesday, as per a statement from Australia’s corporate regulator, the life insurance arm of Commonwealth Bank of Australia has pleaded guilty to 87 counts of breaching a law banning sales staff from making unsolicited calls to sell financial products…. Read More ›
Commonwealth Bank of Australia appoints Alan Docherty as its CFO
On Monday, the Commonwealth Bank of Australia named Alan Docherty as its chief financial officer following an unexpected exit of the previous CFO in May 2018. The development comes in the wake of the lender facing one of its worst… Read More ›
Commonwealth Bank of Australia faces class action lawsuit
In October 2017, a class action lawsuit was filed against CBA for failing to disclose widespread breaches of anti-money-laundering rules. On Monday, the Commonwealth Bank of Australia (CBA) disclosed that Phi Finney McDonald had served it with a class action… Read More ›
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