Tag: commonwealth bank of australia

Daily ASX NewsLeave a comment

Commonwealth Bank of Australia Announces AUSTRAC Resolve AML/CTF Proceedings Subject to Federal Court Approval

TEAM KALKINE

Commonwealth Bank of Australia announced it has entered into an agreement with AUSTRAC, the Australian Government’s financial intelligence agency, to resolve the civil proceedings commenced by AUSTRAC in the Federal Court of Australia on 3 August 2017. The agreement follows … Continue reading Commonwealth Bank of Australia Announces AUSTRAC Resolve AML/CTF Proceedings Subject to Federal Court Approval

Daily ASX NewsLeave a comment

Commonwealth Bank of Australia Announces Regarding Sale of Equity Interest in BoComm Life

TEAM KALKINE

Commonwealth Bank announces the sale of its 37.5% equity interest in BoComm Life Insurance Company Limited (“BoComm Life”) to Mitsui Sumitomo Insurance Co., Ltd (“MSI”) for RMB 3.2 billion ($668 million) The Transaction is expected to result in an indicative … Continue reading Commonwealth Bank of Australia Announces Regarding Sale of Equity Interest in BoComm Life

Daily ASX NewsLeave a comment

Commonwealth Bank of Australia Reaches an In-Principle Agreement with the ASIC

TEAM KALKINE

Commonwealth Bank announced it has reached an in-principle agreement with the Australian Securities and Investments Commission (ASIC) to settle the legal proceedings in relation to claims of manipulation of the Bank Bill Swap Rate. As part of the in-principle settlement, … Continue reading Commonwealth Bank of Australia Reaches an In-Principle Agreement with the ASIC

Daily ASX NewsLeave a comment

Commonwealth Bank of Australia Provides Update on 2016 Customer Information Incident

TEAM KALKINE

Commonwealth Bank confirmed that there was no evidence of customer information being compromised or suspicious activity following an incident in 2016. Ongoing monitoring of accounts by CBA confirms customers do not need to take any action. CBA’s advice today follows … Continue reading Commonwealth Bank of Australia Provides Update on 2016 Customer Information Incident

Daily ASX NewsLeave a comment

Commonwealth Bank of Australia Responds to APRA’s Prudential Inquiry

TEAM KALKINE

Commonwealth Bank of Australia confirmed it will implement all the recommendations contained in the Report of the Prudential Inquiry released this morning by the Australian Prudential Regulation Authority (APRA). CBA Chairman Catherine Livingstone said: “Addressing the findings of the Report … Continue reading Commonwealth Bank of Australia Responds to APRA’s Prudential Inquiry

ASX Banking Stocks, Daily ASX NewsLeave a comment

Australia & New Zealand Banking Group Finalises Sale of Six Asian Retail and Wealth Businesses

TEAM KALKINE

ANZ today advised it has finalised the sale of its previously announced six retail and wealth businesses in Asia, allowing it to further focus on institutional and large corporate customers moving goods and capital across the region. Originally announced in … Continue reading Australia & New Zealand Banking Group Finalises Sale of Six Asian Retail and Wealth Businesses

ASX Banking Stocks, Daily ASX NewsLeave a comment

Commonwealth Bank of Australia Announces Strategic Review of Options for CFSGAM, Including IPO

TEAM KALKINE

Commonwealth Bank of Australia (ASX:CBA) announces that it is undertaking a strategic review of its global asset management business, Colonial First State Global Asset Management (“CFSGAM”), also known outside of Australia as First State Investments (“FSI”). CFSGAM is a global, … Continue reading Commonwealth Bank of Australia Announces Strategic Review of Options for CFSGAM, Including IPO

ASX Banking Stocks, Daily ASX NewsLeave a comment

Commonwealth Bank of Australia Announces Divestment of Australian and NZ Life Insurance Businesses

TEAM KALKINE

Commonwealth Bank today announced the sale of 100% of its life insurance businesses in Australia (“CommInsure Life”) and New Zealand (“Sovereign”) to AIA Group Limited (“AIA”) for $3.8 billion (the “Transaction”). The sale agreement also includes a 20-year partnership with … Continue reading Commonwealth Bank of Australia Announces Divestment of Australian and NZ Life Insurance Businesses