CBA sells advice dealer group

According to Rainmaker analysis of the ASIC Financial Adviser Register, as of this morning Count Financial is home to 351 active financial advisers.


Bank puts hold on regional branch closures until 2022

The moves have drawn the ire of Regional Development minister Shane Jones who last year complained to Reserve Bank governor Adrian Orr and said banks should be required to maintain a certain level of service given how much they make in profits.


RCBC sustainability bond marks new milestone

RCBC upsized the sustainability peso bond due to considerable investor demand, with the proceeds mainly directed towards green-minded loans for customers or its own activities


Remediation costs weigh on profits at Commonwealth Bank

The big four bank, which is Australia’s largest bank, said the remediation consisted of $334 million for Aligned Advice remediation, $72 million for wealth customer refunds, $152 million in banking customer refunds and $156 million in other costs.


CBA's clean-up bill for scandals tops $2.1 billion

The main culprit for the drop, which was worse than investors had expected, was a new $714 million charge that the bank took in provisions for customer remediation, mainly in its wealth division.


ICBC Singapore Issues Bank’s First Green Bond

They received over $2.4 billion and $1.5 billion in orders respectively, with Asia buying 92 percent of the deal and the rest coming from EMEA in both cases, according to Reuters.


HSBC: Banking by Proxy?

It’s breeding is impeccable in a region that values pedigree almost as much as the British peerage does.