Latest news (22,324 items)

Bad and Bankwest spinoff options at CBA

Four pillars is finished, fragmenting right now. A narrow bank is set to be rescued from the sewers of a Big Four controller. Others may follow.The disruption may be lame or lively, but the familiar model of an oligopoly of four - ANZ, CBA, NAB and Westpac - is being recast.The voluntary dismembering of the status quo by the cartel is rolling by in a manner helpful to long term interests of finance, banking and the shenanigans of profit reporting for the years ahead.There are champagne options in some eyes, the whole thing a nuisance to many. Our take? Rotten branding being split two ways. read more

Regional banks reposition for a level playing field

Expect to see the phrase "competitive neutrality" figure strongly in the next phase of debates over banking regulation. This concept, accompanied by calls to level the playing field, was a feature of the joint submission lodged with the Productivity Commission by AMP Bank, Bank of Queensland, Bendigo and Adelaide Bank, ME Bank and Suncorp. read more

CBA rejigs wealth leadership team

At the same time as announcing the sale of its Australian and New Zealand life insurance businesses, Commonwealth Bank revealed it will conduct a strategic review of its asset management business, Colonial First State Global Asset Management, and that its wealth management group executive will leave the Group in December. read more

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