A surge in compliance-related expenses and unfavourable risk insurance claims weighed down the performance of the Commonwealth Bank of Australia’s wealth management business. Chief executive Ian Narev said the bank had spent a “very significant amount of money” in the last 12 months implementing compliance and regulatory change programs related to the federal government’s Future
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We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
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