Recent events
Recent events tied to this brand in public sources.
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2021
Ora Banda signs A$15 million credit-approved offer
Ora Banda Mining signed a A$15 million credit-approved offer with Commonwealth Bank of Australia for hedging and working capital purposes. The facilities remain subject to formal documentation and customary conditions precedent.
2020
Contactless payments activated on Gold Coast Light Rail
Commonwealth Bank activated payment technology across the Gold Coast Light Rail network, enabling commuters to pay with Mastercard or Amex debit or credit cards, including smartphones and wearables, as well as cash or a go card.
2020
CBA partners with Zetta Ventures Partners and Square Peg on digital banking services
Commonwealth Bank of Australia partnered with Zetta Ventures Partners and Square Peg to deliver new digital banking services, and committed US$10 million to support fintech sourcing, scaling and financing and the development of emerging AI businesses in Australia.
2020
ASIC starts proceedings over alleged conflicted remuneration
The Australian Securities and Investments Commission started civil penalty proceedings against Commonwealth Bank of Australia and Colonial First State Investments Limited. ASIC alleges that CFSIL paid CBA more than A$22 million in conflicted remuneration in connection with the distribution of Essential Super; the allegations are not presented as a court determination.
2020
ASIC sues CBA and CFSIL over alleged conflicted remuneration
Australia's corporate regulator ASIC commenced civil penalty proceedings against Commonwealth Bank of Australia (CBA) and its wealth management unit, Colonial First State Investments Ltd (CFSIL), over alleged conflicted remuneration associated with distributing the Essential Super plan. ASIC said CFSIL paid CBA more than A$22 million in such remuneration between July 2013 and June 2019.
2020
Australian court fines CBA $5 million over customer overcharging
The Federal Court ordered the Commonwealth Bank of Australia to pay a $5 million penalty over failures involving AgriAdvantage packages, which led to customers being overcharged fees and interest and underpaid interest on savings. The court accepted that the conduct was not deliberate.
2020
KPMG and Microsoft partner with CBA on X15 Ventures
CBA announced X15 Ventures, an Australian technology venture-building entity, and said it would partner with Microsoft, which would contribute platform and engineering capability, and KPMG, which would provide advisory services.
2019
CDPP proceedings against CommInsure
The source reports CDPP proceedings against CommInsure concerning alleged contraventions related to telephone sales of simple life insurance products by CMLA. The source does not state when the proceedings began or report a determination.
2012
Commonwealth Bank coordinates Celsus sustainability loan
Commonwealth Bank served as Joint Sustainability Coordinator on a $2.2 billion sustainability loan for Celsus, the consortium responsible for non-clinical services at the Royal Adelaide Hospital.