Search Results for: CBA
Coca-Cola buys AB InBev equity stake in CCBA for $3.2 Billion
December 21st, 2016
The Coca-Cola Company (NYSE: KO) and Anheuser-Busch InBev (“AB InBev”) (Euronext: ABI) (NYSE: BUD) (MEXBOL: ANB) (JSE: ANH) have reached an agreement regarding the transition of AB InBev’s 54.5% equity stake in Coca-Cola Beverages Africa (“CCBA”) for 3.15 billion ...
ASIC: CBA pays $180,000 in penalties and will write off $2.5 million in loan balances
September 14th, 2016
Commonwealth Bank of Australia (CBA) has paid four infringement notices totalling $180,000 in relation to breaches of responsible lending laws when providing personal overdraft facilities. CBA reported this matter to ASIC following an ASIC surveillance. CBA conducted an internal ...
CBA warns for possible account fraud when sharing banking passwords with fintech start-ups
August 22nd, 2016
Commonwealth Bank of Australia has sent alarming emails to thousands of its customers who are engaging with fintech start-ups, warning that sharing internet banking passwords could invalidate the protection CBA provides from losses on accounts relating to fraud. But Acorns, which is competing with the banks’ retail wealth divisions, says CBA’s communication is ...
CBA builds a blockchain in its innovation lab
December 7th, 2015
In its Innovation Lab in Darling Harbour, a team of Commonwealth Bank of Australia computer engineers have built a working “blockchain”. For CBA, a “distributed ledger” is no longer a concept on a whiteboard, but a matter of hardware. ...
Rupee retreats from lows as cbank steps up dollar purchases
July 4th, 2014
Rupee was trading at 59.80/81 versus its close of 59.73/74 as the central bank steps down dollar purchases while a fall in the domestic sharemarket also hurts. Dealers say the central bank has been spotted buying dollars sporadically via ...
iSignthis: ASIC’s win today is a win for the sector and ISX
February 5th, 2020
iSignthis has issued an announcement and informs that: ISX has made it clear multiple times that we do not offer services to unlicensed binary operators who target Australians. ASIC’s win today is a win for the sector and ISX, ...
GP Global Ltd is organising Anti Money Laundering seminar
October 31st, 2019
GP GLOBAL LTD, a company specialised in offering consulting services, training and seminars since 2002, has issued an announcement to inform about the organisation of Anti Money Laundering seminar. The objective of this AML seminar is to help Companies ...
Emerging stocks find solace after October’s wild ride, currencies weaken
November 1st, 2018
Emerging stock markets gained at the end of a brutal month on Wednesday as stimulus hopes lifted Chinese shares, though a firm dollar and a plethora of uncertainties hit many currencies. Chinese stocks rise on stimulus hope after weak ...
Directors of Storm Financial penalised for breach of duties
March 22nd, 2018
The Australian Securities and Investments Commission has issued an announcement to inform investors and public that the Federal Court has imposed civil penalties of $70,000 each on the directors of Storm Financial, Emmanuel and Julie Cassimatis, who were previously ...
ASIC reports on how large financial institutions manage conflicts of interest in financial advice
January 24th, 2018
An Australian Securities and Investments Commission (ASIC) review of financial advice provided by the five biggest vertically integrated financial institutions has identified areas where improvements are needed to the management of conflicts of interest. The review looked at the ...
