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The Commonwealth Bank of Australia (CBA) plans to begin using the Ripple network to settle payments between its subsidiaries soon. Commonwealth Bank chief information officer David Whiteing revealed the large bank’s interest in Ripple technology yesterday during a speech at an event hosted by the Australian Information Industry Association (AIIA).

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Commonwealth Bank of Australia To Launch Ripple Payments

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Markets: Commonwealth Bank Faces Pension Investment Lawsuit. MARKETS – Commonwealth Bank of Australia will face a class-action suit filed by Law firm Slater & Gordon Ltd for seeking damages of more than A$100 million ($71 million). This was after the alleged investment of the bank of the retirement savings of customers into low uncompetitive interest-returning products.

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The Australian Securities and Investments Commission (ASIC) announced on that it has fined the Commonwealth Bank of Australia (CBA) $20 million following their participation in the setting of the Bank Bill Swap Rate (BBSW), a key benchmark and reference interest rate in the Australian financial system.

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2017/08/21 · This feature is not available right now. Please try again later.

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