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Commonwealth Bank posts record $9.14b profit, seeks to raise $5b

2015-08-12 02:47:34| Automakers - Topix.net

Commonwealth Bank of Australia has launched a $5 billion rights issue to boost capital in response to regulatory pressure and has posted a full-year cash profit of $9.14 billion, up 5 per cent and the largest-ever profit by an Australian bank. CBA shares are in a trading halt ahead of the raising, which will boost CBA's closely watched common equity tier 1 capital ratio to 10.4 per cent, lifting it back to the top of the big bank pack.

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AMP, Commonwealth Bank support ethics drive for advisers

2015-07-27 09:55:22| Automakers - Topix.net

AMP, Macquarie Bank and Commonwealth Bank of Australia number among the wealth giants that have pumped funds into a new ethics training program for financial advisers after dodgy advice scandals rocked consumers' confidence in the industry. The program, which is also backed by ANZ and Westpac's BT Financial Group, is run by The Ethics Centre and will be rolled out from Wednesday.

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More rate rises tipped after moves by ANZ and Commonwealth Bank of Australia

2015-07-26 13:02:26| Automakers - Topix.net

Pressure to pass on higher capital costs to borrowers is likely to spark more interest rate hikes by banks, on top of last week's changes by ANZ Bank and Commonwealth Bank of Australia, analysts predict. ANZ and CBA said the regulator's 10 per cent a year cap on housing investor credit growth was a key reason for their moves to raise rates for these customers by 0.27 percentage points late last week.

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Commonwealth Bank alleged IT bribe consultant quits

2015-04-28 07:55:01| IT Services - Topix.net

Eric Pulier, the man at the centre of the allegations, resigned from CSC on April 23 and has not responded to requests for media comment since March. Eric Pulier, the American founder of a technology firm allegedly behind $2 million in bribery payments to Commonwealth Bank of Australia IT executives, has resigned from Computer Sciences Corporation after purportedly violating its code of conduct on conflicts of interests and appearance of improprieties.

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Commonwealth Bank alleged IT bribe consultant quits

2015-04-28 04:54:08| Automakers - Topix.net

Eric Pulier, the man at the centre of the allegations, resigned from CSC on April 23 and has not responded to requests for media comment since March. Eric Pulier, the American founder of a technology firm allegedly behind $2 million in bribery payments to Commonwealth Bank of Australia IT executives, has resigned from Computer Sciences Corporation after purportedly violating its code of conduct on conflicts of interests and appearance of improprieties.

Tags: bank consultant alleged commonwealth

 

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