3 Australian Banks Settle Class Action Lawsuits Over Sale of Credit Insurance Products November 14, 2022 Three of Australia’s “big four” banks settled separate class action lawsuits for A$126 million ($84.51 million) with Slater & Gordon,...
Australia’s Commonwealth Bank Apologizes for Misleading Insurance Sales September 16, 2021 By Shashwat Awasth Commonwealth Bank of Australia, the country’s top lender, said on Thursday it would plead guilty to 30 charges brought against...
Former Australia Bank Unit Sued Over Insurance Commissions September 3, 2020 Commonwealth Bank of Australia (CBA) said on Thursday a class action lawsuit had been filed over commissions paid to its...
Class Action Targets Commonwealth Bank of Australia Over Insurance Advising August 21, 2020 Commonwealth Bank of Australia (CBA) said on Friday a class action lawsuit was filed over advice given on life insurance...
CBA Joins Other Australian Companies with Aims to Cut Coal Exposure August 8, 2019 Commonwealth Bank of Australia became the latest company to join a global push to reduce emissions and said it would...
Billionaire Li’s FWD Group Nearing Deal to Buy CBA’s Indonesia Unit October 22, 2018 By Joyce Koh, Manuel Baigorri, Emily Cadman and Fathiya Dahrul Billionaire Richard Li’s FWD Group is nearing an agreement to buy control of Commonwealth Bank of Australia’s Indonesian life insurance...
Australia’s Scandal-Ridden CBA Overhauls Business, Eyes Sale of Insurance Arm June 25, 2018 By Paulina Duran Commonwealth Bank of Australia said it would hive off its wealth management and mortgage broking businesses, and explore whether to...
AIA Buys Commonwealth Bank of Australia’s Life Insurance Business for A$3.8B September 21, 2017 By Emily Cadman and Bei Hu AIA Group Ltd. agreed to buy Commonwealth Bank of Australia’s life insurance business for A$3.8 billion (more than $3 billion),...
AIA and Zurich Make Separate Bids for Australian Insurance Businesses: Reuters September 15, 2017 By Sumeet Chatterjee Hong Kong-based insurance giant AIA Group Ltd. has shown interest in buying Commonwealth Bank of Australia’s insurance business, which is...
Australia’s CBA Threatened with Large Class Action over Money Laundering Charges August 23, 2017 By Paulina Duran and Jonathan Barrett A law firm threatened on Wednesday to file a class action suit against Commonwealth Bank of Australia for allegedly failing...