Welcoming Victoria’s First Indian Bank Office
Victoria’s relationship with India continues to deepen, with India’s largest commercial bank becoming the first Indian bank to establish an office in Victoria.
Tag: banks
Update on divestment of Australian life insurance business
Commonwealth Bank of Australia (CBA) announced that it has entered into further agreements to progress the planned divestment of its Australian life insurance business (CommInsure Life) to AIA Group Limited (AIA).
Executive Leadership Team update
Chief Executive Officer of the Commonwealth Bank, Matt Comyn, has announced two further appointments to the Bank’s Executive Leadership Team.
Westpac supports Sustainability-Linked Loan – first of kind for Australian airport
Accomplished airport operator Queensland Airports Limited (QAL) has secured financing from Westpac for its Gold Coast Airport redevelopment, in the form of a sustainability-linked loan.
CBA announces first Sustainability-Linked loan
The operator of Gold Coast Airport will be incentivised to reduce carbon emissions under an innovative new financing agreement with Commonwealth Bank.
Commonwealth Bank cuts home loan interest rates
Commonwealth Bank has responded to the Reserve Bank of Australia’s cash rate decision.
CBA announces changes to Remuneration Committee
The Board of the Commonwealth Bank of Australia announces that the Remuneration Committee, effective 1 July 2019, has been renamed the People & Remuneration Committee; with additional focus to be given to people and remuneration strategies, talent management, diversity & inclusion and organisational culture.
New code to improve banking standards supported by CBA
The implementation of the Australian Banking Association’s new Banking Code of Practice (the Code) has been welcomed by Commonwealth Bank of Australia (CBA).
Executive Leadership Team update
Chief Executive Officer of the Commonwealth Bank, Matt Comyn, has announced changes to the Bank’s Executive Leadership Team.
CBA announces divestment of Count Financial
Commonwealth Bank of Australia (CBA) has entered into an agreement to sell Count Financial Limited (Count Financial) to ASX-listed CountPlus Limited (CountPlus) for $2.5 million (the Transaction).
Overhaul of bank staff pay on track to meet Royal Commission deadline
The banking industry welcomes a new independent report by former Public Service Commissioner Mr Stephen Sedgwick AO, which has found that banks are on track to meet their 2020 deadline to overhaul staff pay, a critical issue highlighted by the Royal Commission, while also noting…
Wealth management and mortgage broking businesses update
Commonwealth Bank of Australia (CBA) has provided an update on its remediation and demerger plans for its wealth management and mortgage broking businesses.