Mercedes

August 17


News

CBA may face class action over money laundering

22 August 2017 | SMH

The Commonwealth Bank faces a potential investor class action over its disclosure of more than 53,000 alleged breaches of anti-money laundering laws, following a sharp fall in its share price when the scandal emerged earlier this month.

Plaintiff law firm Maurice Blackburn, backed by listed litigation funder IMF Bentham, said on Wednesday it would investigate a potential class action on behalf of CBA shareholders, citing the hit to the bank's share price.


Domino's shares drop $1 billion in minutes

15 August 2017 | SMH

When a company announces a $300 million share buyback, misses key financial targets and reveals its chief executive is selling shares, it's a sign the party is over.

And so it was for pizza giant Domino's, which suffered a huge share price rout within minutes of the market opening on Tuesday.

 


Report suggests Adelaide houses "Good Value."

15 August 2017 | Charlotte Lemmon

Rising house prices are fuelling millennials’ concerns over never breaking into the housing market.

However, mortgage and rental affordability has increased in South Australia from 2015-2016, the latest Real Estate Institute of Australia (REIA) and Adelaide Bank Housing Affordability Report shows.

The report’s latest affordability figure for the South Australian housing market is 25.5 per cent of a $1,535 median weekly family income, better than the 32.4 per cent recorded in December 2015.


CBA CEO Ian Narev to retire by end of year

13 August 2017 | SMH

Commonwealth Bank chief executive Ian Narev will leave the bank by the end of the 2018 financial year.

Mr Narev has led Australia's largest bank to a series of record annual profits but has been under pressure for the past two weeks after AUSTRAC alleged CBA of breaching money laundering and terrorism financing laws.


Turnbull government kills same-sex marriage

08 August 2017 | SMH

The Turnbull government will make a doomed second attempt to enact a plebiscite on same-sex marriage after Liberal MPs rejected an internal push to ditch the policy and allow a free vote.

If that fails to pass the Senate, as expected, the government is satisfied it can legally conduct a voluntary postal ballot without legislation – a threat it is now making to the Senate crossbench.


'Confidence' in CBA's Ian Narev is a hollow cliche

08 August 2017 | SMH

In the sporting world, the expression "having the full support of the board" has become such a cliche it has even made it into the Urban Dictionary.

The definition is: "Something that a football club's board will say to the media about their coach two to four weeks before firing him."


Mercedes

 

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Mercedes