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Commonwealth Bank Experiencing ‘system Problems’ - Latest News

After damning the Commonwealth Bank’s management, regulators want the bank to fix itself

These are the financial assets that the Commonwealth Bank is required to hold to ensure a stable banking system. APRA has also accepted an ... APRA’s report also makes clear that the problems at the C... read more

Australia's AMP Charged Life Insurance Premiums to Dead Clients-Inquiry

Commonwealth Bank of Australia and National Australia Bank Ltd ... AMP then refunds the extra charges when the policies are approved and paid. "Yes that is the way the system is treating it today, for ... read more

Australia's Commonwealth Bank says it double-charged thousands of customers

SYDNEY (Reuters) - Australia’s largest lender, Commonwealth Bank ... lower house of parliament where bank bosses face regular hearings. The cause of the problem was a “coding error” where the bank’s c... read more

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'Stop being bastards': how the royal commission could reform banks

Earlier this year, Samuel was part of a high level trio – including the former head of the banking regulator John Laker and decorated businesswoman Jillian Broadbent – who produced a damning report on ... read more

Australian Insurer Tells Inquiry Broke Law Governing Sales Calls

The Royal Commission has the power to recommend prosecutions and instigate sweeping reforms of the financial system ... from the insurance units of Commonwealth Bank , Westpac Banking Corp ... read more

Banking royal commission: AMP took life premiums from dead customers

AMP staff officially identified a problem in April of this year and the issue was ... He also acknowledged that AMP identified the issue only after it was revealed that Commonwealth Bank were charging ... read more

Blockchain solutions -- and disruption -- pondered at EmTech 2018

Among other World Bank experiments with blockchain: Education. The World Bank is developing a system for rewarding students playing ... In August, the World Bank sold blockchain-enabled bonds through ... read more

'A problem for one is likely a problem for all': RBA sounds Australian debt warning

"The Australian banking system is potentially very exposed to a decline in credit quality of outstanding mortgages," said RBA assistant governor Michelle Bullock. "And since all of the banks have very ... read more

CBA becomes last of the Big Four to ditch lending to SMSFs for property investment

Self-managed super fund owners who want to plough their savings into investment properties will now be knocked back from every major bank, after Commonwealth Bank became ... was not a systemic concern ... read more

Australia Inquiry Hears of Insurers Spying on Customers, Overcharging

including systemic problems with its sale processes and the handling of claims, Orr said. She said reports of misconduct were also received from the insurance units of Commonwealth Bank, Westpac Banki... read more

A community fix for the affordable housing crisis

Eventually, though, getting up the stairs became a problem, and Jeannie felt a ... and earned the same AA- credit rating as the Commonwealth Bank. Housing First (previously the Port Phillip ... read more

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