Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 51 - 60 of 457 results for "Australian Bank"

Investment manager launches income fund

ALLY SELBY  |  TUESDAY, 12 MAY 2020
... portfolios," he said. "In Australia, a lot of investors looking for higher levels of income have historically invested in Australian bank equity or hybrid securities." In the past, Australian investors have also relied heavily on fixed income investments ...

Trust in big four improves

ALLY SELBY  |  MONDAY, 11 MAY 2020
Consumer trust in Australia's big four banks has made headways during the COVID-19 crisis, yet despite the improvement they still don't make the top 10. Surveying 1250 Australians in relation to 31 banks, the Australian Banking Brand and Trust index ...

Aussie banks battered by pandemic

ALLY SELBY  |  TUESDAY, 5 MAY 2020
Australia's banks have been hit hard by the COVID-19 pandemic, with cash earnings down more than 40% compared to the same time last year. According to EY analysis of Australia's big four banks' half year results, combined cash earnings were ...

Former ASIC lawyer joins private firm

ELIZA BAVIN  |  MONDAY, 20 APR 2020
A former senior manager at ASIC has taken on a new role in the financial services regulatory practice of a well-known Australian law firm. Herbert Smith Freehills announced Lesley Symons had been appointed as an executive counsel in its financial services ...

Big banks cop a beating

ELIZA BAVIN  |  WEDNESDAY, 8 APR 2020
The big four banks have all suffered a rating downgrade due to the COVID-19 fallout, while APRA warns they should cut dividends and bonuses. Fitch Ratings downgraded all four of the major banks, and their New Zealand subsidiaries, due to its expectation ...

Banks throw more businesses a lifeline

ALLY SELBY  |  MONDAY, 30 MAR 2020
... she said. "[The relief package] covers approximately 90% of commercial property owners who have loans with an Australian bank," Bligh said. "Where landlords within this threshold do the right thing by their tenants, banks will do the right thing by them." ...

Banks defer small business loan repayments

ELIZA BAVIN  |  FRIDAY, 20 MAR 2020
The Australian Banking Association (ABA) has announced banks will defer loan repayments for six months for small business, as the nation introduces measures to combat the impact of COVID-19. The ABA said the move is designed to combat unemployment and ...

ScoMo launches $17b stimulus package

ALLY SELBY, ELIZA BAVIN  |  THURSDAY, 12 MAR 2020
The federal government has announced a $17.6 billion economic stimulus package, as it ramps up its efforts to dodge a coronavirus-sparked recession. It comes as the World Health Organisation regrades COVID-19 to a global pandemic, with 118,326 cases ...

Baird exits NAB

ELIZA BAVIN  |  THURSDAY, 5 MAR 2020
Mike Baird has today announced he will be leaving NAB, effective April 15. NAB said it supports Baird's decision to leave his position as chief customer officer - consumer banking to "take a break" before searching for new opportunities. Anthony ...

Banking sector losses continue

ELIZA BAVIN  |  THURSDAY, 23 JAN 2020
Australian banks continue to take a beating, with all of the Big Four losing brand value, according to a report from Brand Finance Australia. The report said the hit comes as the delayed effects of the global economic slowdown are being felt around ...