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Paulina Duran

Australia's Commonwealth Bank chairwoman defends 'under oath' claim she challenged board

1:26am GMT

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.

Australia's Commonwealth Bank CEO says was told to 'temper sense of justice'

20 Nov 2018

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.

Australia's Commonwealth Bank CEO says Narev told him to temper 'sense of justice'

20 Nov 2018

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.

'No more apologies': barrister tells Australian bank chiefs

19 Nov 2018

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.

CEO of Australia's CBA says staff felt embarrassed by wrongdoing - inquiry

19 Nov 2018

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.

Australian regulator flags higher minimum capital requirements for health insurers

16 Nov 2018

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.

UPDATE 1-Australian regulator flags higher minimum capital requirements for health insurers

16 Nov 2018

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.

Australia's bank chiefs to face the music as misconduct inquiry wraps up

16 Nov 2018

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.

Australia to buy $1.4 billion in non-bank debt to help fund small business

13 Nov 2018

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.

REUTERS SUMMIT-Pension fund AustralianSuper targets global property loans

13 Nov 2018

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.

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