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Showing 11 - 20 of 20 results for "Banking Act"

Switzerland falling out of favour with UHNWs

MARK SMITH  |  FRIDAY, 19 APR 2013
Switzerland will lose its status as the private banking capital of the world by 2020, according to a new WealthInsight report. The research group, which tracks global trends in the ultra high net worth segment of the market, said it expected Singapore ...

ORIX acquires 90% of Robeco from Rabobank

LAURA MILLAN  |  WEDNESDAY, 20 FEB 2013
Japanese-based financial services group ORIX Corporation announced today the acquisition of 90.01 per cent of the equities in Robeco from Rabobank for around $2.5 billion. Robeco is a mid-sized global asset manager based in the Netherlands that manages ...

Market Wrap - Morning

AAP  |  FRIDAY, 2 SEP 2011
The Australian market looks set to open lower, after Wall closed more than one per cent down following an earlier rally. At 0709 AEST on Friday, the September share price index futures contract was down 49 points at 4,256. There is no economic news ...

Market Wrap - Morning

AAP  |  THURSDAY, 28 JAN 2010
Australian stocks are expected to open higher on Thursday with the Federal Reserve's positive statements about the state of the economic recovery in the US driving gains on Wall Street. At 0804 AEDT on the Sydney Futures Exchange, the March share price ...

AMP appoints international MD

COMPANY RELEASE  |  WEDNESDAY, 4 NOV 2009
AMP Capital Investors has appointed former AXA Rosenberg Asia Pacific chief executive Anthony Fasso as managing director, international. Based in Hong Kong, Fasso will report to AMP Capital Investors managing director Stephen Dunne from early next year. ...

ING offloads Taiwan life insurance for $850m

MICHAEL HOBBS  |  TUESDAY, 21 OCT 2008
ING sold its Taiwanese life insurance business to Fubon Financial Holding for a consideration equivalent to $850 million. The Dutch financial institutions will be paid in shares and subordinated debt securitie of Fubon Financial Holding. As a result ...

Court stops pair posing as bank

HAMISH MADDEN  |  FRIDAY, 27 APR 2007
... Queensland, Sydney and Perth, none of which were honoured. The court ruled that Cameron and Wheeley were in breach of the Banking Act, which prohibits anyone from conducting a banking business without appropriate authority from APRA. It also prohibits ...

Online banking gets token fix

The Commonwealth Bank of Australia (CBA) has begun sending out free 'security tokens' to 30,000 of its highly active NetBank customers. In an attempt to provide greater security for NetBank users, the tokens form part of the bank's two-factor authentication ...

Former UBS head moves to Credit Suisse

Credit Suisse has appointed Marcel Kreis, formerly head of UBS Global Wealth Management in South East Asia and Pacific, as its new head of private banking Asia Pacific. Kreis will be based in Singapore and will report to Walter Berchtold, chief executive ...

Banks face challenges: Fitch

AAP  |  WEDNESDAY, 14 JAN 2004
Fitch Ratings has said Australian banks face challenges in maintaining their recently strong financial performance as home lending and consumption are likely ease towards the end of 2004. In its annual review of the Australian banks, Fitch presents ...
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