Financial institutions / Big five & fintech (1,684 items)

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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

Unmet needs one fault for banks

A fresh snapshot on access to and use of many basic financial services gives an unflattering view of the Australian banking sector."Almost one in three adults (31.6 per cent) had no savings," analysis by Centre for Social Impact at the University of New South Wales concluded.  National Australia Bank co-produced the report, which was released on Friday.The "unbanked" ratio, though, is low at 2.7 per cent. read more

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