SYDNEY, Nov 21 Commonwealth Bank of Australia's chairwoman on Wednesday stuck to her testimony to a financial sector inquiry that she raised governance concerns with senior management, even though lawyers said there were no records of her doing so.
SYDNEY Commonwealth Bank of Australia's chief executive told a banking misconduct inquiry on Tuesday that his predecessor had told him to curb his "sense of justice" when he suggested halting sales of potentially harmful insurance products.
SYDNEY, Nov 20 Australia's Commonwealth Bank chief executive told a banking misconduct inquiry on Tuesday that his predecessor had told him to curb his "sense of justice" when he suggested halting sales of potentially harmful insurance products.
SYDNEY The CEO of Commonwealth Bank of Australia told a public inquiry into financial-sector misconduct on Monday that senior staff had felt powerless to stop wrongdoing including thousands of breaches of anti-money laundering laws.
SYDNEY, Nov 19 Senior staff of Commonwealth Bank of Australia, the country's biggest lender, felt disappointment and embarrassment when a regulator blamed its culture of complacency for letting money laundering flourish, its CEO told an inquiry on Monday.
SYDNEY Australia's prudential regulator said on Friday it would review whether private health insurers should set aside more capital to protect policy holders, as the industry struggles amidst rising costs and lower membership numbers.
SYDNEY, Nov 16 Australia's prudential regulator said on Friday it would review whether private health insurers should set aside more capital to protect policy holders, as the industry struggles amidst rising costs and lower membership numbers.
SYDNEY The CEOs of Australia's top banks and wealth manager will testify at a public inquiry into financial-sector misconduct in two weeks of hearings starting on Monday, in the final stages of a year-long process that looks set to transform the industry.
SYDNEY, Nov 14 The Australian government will buy up to A$2 billion ($1.44 billion) in small businesses loans from non-bank lenders, Treasurer Josh Frydenberg said on Wednesday, in an effort to inject funding to capital-starved businesses.
SYDNEY, Nov 13 Australia's largest pension fund, AustralianSuper, aims to make large loans for commercial and residential property developments in the United States, Australia and the United Kingdom.
President Donald Trump vowed on Tuesday to remain a "steadfast partner" of Saudi Arabia despite saying that Saudi Crown Prince Mohammed bin Salman may have known about the plan to murder dissident journalist Jamal Khashoggi last month.