Commonwealth Bank

Commonwealth Bank to spin off wealth and mortgage broking units

Commonwealth Bank of Australia (CBA) is set to demerge its wealth management and mortgage broking business in an effort to…

Commonwealth Bank’s A$700m AUSTRAC settlement secures court nod

Commonwealth Bank of Australia's A$700m ($514.7m) settlement with the Australian Transaction Reports and Analysis Centre (AUSTRAC) over alleged money laundering…

Commonwealth Bank of Australia to float asset management unit

Commonwealth Bank of Australia (CBA) has confirmed plans to list Colonial First State Global Asset Management (CFSGAM), its asset management…

Commonwealth Bank names new wealth head; mulls floating asset management arm

Commonwealth Bank of Australia (CBA) has appointed Michael Venter as the new COO of wealth management, with immediate effect. The…

Commonwealth Bank accused of violating money laundering rule

The Australian Transaction Reports and Analysis Centre (AUSTRAC) has filed a civil suit against Commonwealth Bank for alleged money laundering…