Business

'Heads may roll' at CBA from APRA probe

CBA chief executive Ian Narev conceded the bank's reputation had been hit by mistakes.

The Commonwealth Bank is tipped to face further upheaval in its senior management ranks as a result of the banking regulator's move to put the bank's organisational structure under the microscope.

Commonwealth Bank facing APRA probe

Another record profit for Australia's biggest bank

An unprecedented inquiry will examine whether the Commonwealth Bank undermined its own reputation in pursuit of profit, after a damaging run of scandals at the country's biggest bank.

Raking it in: Australia's top 10 paid CEOs

Qantas and Jetstar command 90 per cent of the profitability of the domestic airline Australian market.

Only eight chief executives of Australia's 100 biggest listed companies missed out on a bonus last year, says a new report that suggests performance hurdles for many bosses should be higher.

CBA's breathtaking tactics bring on class action

The pressure is building on Australia's biggest bank.

It is being pitched as the biggest shareholder class action in the country. Commonwealth Bank on one side, and Maurice Blackburn bankrolled by IMF on the other side. Why did CBA's board wait to inform shareholders about the Austrac investigation until the genie was out of the bottle?

Motor claim costs to squeeze IAG margins

IAG chief executive Peter Harmer saw profits climb by almost half.

The growing sophistication of bumper bars is pushing up motor insurance claim costs, causing more cars to be written off and crunching the profit margins of Insurance Australia Group.

Banks face shareholder battle over BEAR

Banks are wary about a proposal to give the industry regulator greater power to intervene in remuneration.

Banks are on a collision course with some of their key shareholders over Scott Morrison's plan to give the prudential regulator stronger powers to intervene in senior bankers' pay packets.

CBA scandals done? Investors are not convinced

Chief executive Ian Narev, fronting the cameras over the Austrac scandal, will retire before June 30 of next year.

The departure of Commonwealth Bank chief executive Ian Narev has been backed by corporate governance experts, but failed to stave off the political heat on the bank over a money laundering compliance scandal.

Why CBA's Ian Narev had to 'retire'

CBA achieved stunning financial success under Ian Narev.

The big bet doing the rounds is whether Ian Narev will last in the top job at Commonwealth Bank until June 30. The odds are that he – and a number of others – will be gone well before then.

Markets Live: North Korea rattles markets

The ASX board of share prices.

The ASX takes another hit as North Korea's latest provocation spooks investors and sends them fleeing riskier assets such as shares to the relative safety of gold and bonds.

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