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Showing 71 - 80 of 457 results for "Australian Bank"

Peak bodies respond to government roadmap

KRISTI CHENG  |  TUESDAY, 20 AUG 2019
While many have welcomed the government's roadmap for implementing Commissioner Hayne's recommendations, bodies representing the superannuation industry are leading criticisms against the timetable. The Australian Institute of Superannuation Trustees ...

Financial scams smash Australia

HARRISON WORLEY  |  TUESDAY, 2 JUL 2019
Latest research from KPMG shows financial scams are hitting Australia harder than both the US and UK. The consulting giant's inaugural Global Banking Fraud survey found Australia suffered a disproportionately high volume of financial scam attempts in ...

Dealer group buys bank advice arm

ELIZABETH MCARTHUR  |  MONDAY, 17 JUN 2019
An ASX-listed advice group has paid $3.5 million to acquire the financial planning business of an Australian bank. MyState today announced it has entered into a sale agreement with Fiducian for the acquisition of the bank's retail financial planning ...

Morgan Stanley raises capital for 86 400

ELIZABETH MCARTHUR  |  FRIDAY, 10 MAY 2019
Aspiring bank 86 400 has announced it is opening its doors to new investors with a funding push, appointing Morgan Stanley to drive the capital raising. 86 400 chief executive Robert Bell said: "Bringing Morgan Stanley on is really important for us ...

The state of the banks

ELIZABETH MCARTHUR  |  TUESDAY, 7 MAY 2019
The big accounting firms have released their analysis of the big banks' half year results, noting a continued decline in cash profits for the first half of 2019. The major Australian banks reported a combined cash profit after tax from continuing operations ...

APRA grants ADI licence to Judo Bank

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 APR 2019
The Australian Prudential Regulation Authority has granted Judo Bank, formerly Judo Capital, a licence to operate as an authorised deposit-taking institution without restrictions in what is being welcomed as a win for banking competition and fintechs. ...

Banks push to leave vertical integration on the table

HARRISON WORLEY  |  WEDNESDAY, 10 APR 2019
Despite moving in the opposite direction for some time, Australia's banks want to leave the door ajar for a return to the much maligned vertical integration model. As the Senate Standing Committees on Economics probe a Pauline Hanson bill looking to ...

New ethics test for bankers

KANIKA SOOD  |  MONDAY, 25 MAR 2019
The Financial Services Institute of Australasia entered into an agreement to introduce an ethics test for Australian bankers and securities markets professionals. The test has been developed in partnership with the Chartered Institute for Securities ...

ABA moves to protect vulnerable customers

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 MAR 2019
Customers at risk of elder abuse, those ending a violent relationship and people experiencing long-term illness are the focus of new guidelines proposed by the Australian Banking Association. The ABA opened a consultation to the public which will result ...

Indigenous super access needs improvement

KARREN VERGARA  |  TUESDAY, 19 MAR 2019
Two years since AUSTRAC updated its guidance on overcoming identification issues for Indigenous people, there is more work to be done on the superannuation industry front. The Australian Institute of Superannuation Trustees chief executive Eva Scheerlinck ...