CBA
Australia’s big banks pay out A$120m for bad advice
NAB splashed the most cash at A32.4m for cases which involved a record number of 81 financial advisers
Australian bank halts wealth management demerger
Update follows CBA’s commitment to prioritise recommendations from the Royal Commission
CBA to sell global asset management business
Australian bank also hires CEO and CFO for its wealth management and mortgage broking operation
PEOPLE MOVES: Goldman Sachs, Invesco, Fulcrum
Goldman Sachs in Asia Pacific leadership reshuffle
Aussie regulator reveals findings in ‘fees for no service’ case
Investigator concludes that Commonwealth Bank subsidiaries ‘took all reasonable steps’ to remedy clients