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Commonwealth Bank Experiencing ‘system Problems’ - Latest News

How CBA, Deloitte triggered the R&D incentive crackdown

An attempt by the Commonwealth Bank to claim up to $100 million from taxpayers in research and development rebates for an internal software system was a key trigger ... that the bigger end of town was ... read more

Banking royal commission: big four bank’s fears and failings laid bare in deep dive into APRA papers

that Commonwealth Bank CEO Matt Comyn was keen to know if his organisation performed the worst of the banks on APRA’s targeted review so that he could use the information to spur staff to fix problems ... read more

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

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Murray Darling Plan 'flawed'; protest tomorrow in Melbourne

“It is now clear from implementation to date that delivery of fresh water to the end of the system is creating negative environmental, social and economic impacts upstream, and that freshwater alone w... read more

Banking watchdog admits failings, pledges to do better

Mr Byres said APRA would have looked at issuing big fines to the Commonwealth Bank after its review of the bank revealed serious culture problems had driven a litany ... of the commission from documen... read more

Fees-for-no-service is systemic in super industry, royal commission told – as it happened

Asic was criticised for mishandling Commonwealth Bank’s mis-selling ... with underfunded regulators watching over them. The bank bosses admitted they’re working inside an oligopolistic system where th... 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

Raimondo’s Challenges Are Piling Up for Her Second Term

Commerce RI has shopped the building to Citizens Bank, PayPal ... several to force change when the system is not performing and particularly not pulling well for disadvantaged kids. So we have a const... read more

NAB haunted by foreign exchange woes more than a decade after trading scandal

JULIAN SMITH The EU was entered into after ASIC detected the crooked actions of foreign exchange traders at NAB and Commonwealth Bank ... NAB's internal governance system "simply did not function". Th... read more

'It's not even scratched the surface': bank victims demand royal commission 2.0

Geoff Shannon, who set up a group to help victims of bank misconduct several years ago, said the commission had only just begun the work of exposing problems in the financial system ... takeover of th... read more

'Ratchet up the mongrel': Bank regulator shows more teeth

Credit:Internet Mr Byres also revealed the Commonwealth ... mandated Banking Executive Regulatory Regime, or the BEAR. Mr Byres said the Financial Stability Board, the international body charged with ... read more

Crackdown delivers tax windfall, but a third of big companies pay no tax

It shows Commonwealth Bank was the largest taxpayer ... that “Australian banks are very large taxpayers speaks to the integrity of the Australian tax system”. He pointed to the US where banks generall... read more

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