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Former Australia Bank Unit Sued Over Insurance Commissions
Sep 3 2020 // Commonwealth Bank of Australia (CBA) said on Thursday a class action lawsuit had been filed over commissions paid to its former subsidiary and advice given by it on financial products including insurance. The lawsuit was...
Class Action Targets Commonwealth Bank of Australia Over Insurance Advising
Aug 21 2020 // Commonwealth Bank of Australia (CBA) said on Friday a class action lawsuit was filed over advice given on life insurance policies issued and recommended by three former subsidiaries. The lawsuit was filed by Shine Lawyers...
CBA Joins Other Australian Companies with Aims to Cut Coal Exposure
Aug 8 2019 // Commonwealth Bank of Australia became the latest company to join a global push to reduce emissions and said it would phase out its exposure to thermal coal or power plants by 2030. The company announced a new environmental...
Billionaire Li’s FWD Group Nearing Deal to Buy CBA’s Indonesia Unit
Oct 22 2018 // Billionaire Richard Li’s FWD Group is nearing an agreement to buy control of Commonwealth Bank of Australia’s Indonesian life insurance arm, people familiar with the matter said, in a deal that would boost the...
Australia’s Scandal-Ridden CBA Overhauls Business, Eyes Sale of Insurance Arm
Jun 25 2018 // Commonwealth Bank of Australia said it would hive off its wealth management and mortgage broking businesses, and explore whether to divest its general insurance arm, as it narrows its focus down to traditional...
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