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Showing 991 - 1000 of 5945 results for "Banks"

New advice groups detrimental to consumers

HARRISON WORLEY  |  MONDAY, 18 NOV 2019
The co-founder of iPac Securities believes the issues that saw the big banks exit wealth management will pale in significance to future failures he expects will come as a result of "fringe" advice groups. Appearing at the ASFA Conference in Melbourne ...

Remediation bill tops $10b: ASIC

ELIZA BAVIN  |  MONDAY, 18 NOV 2019
... comparing it to the US$320 billion Bank of England governor Mark Carney estimated in 2017 for the global cost of misconduct for banks post Global Financial Crisis. "Our interim tally of $10 billion plus is perhaps not out of step when adjusted for the ...

Chief economist update: How low will Lowe go?

BENJAMIN ONG  |  FRIDAY, 15 NOV 2019
... already stated that, he doesn't intend to take the official cash rate to negative - for as experienced by other central banks, it creates new problems - so zero would be the lower bound (and then, QE?) Then again, recent history shows that the more ...

FS Roundtable: Striking the perfect balance

KARREN VERGARA  |  THURSDAY, 14 NOV 2019
... tensions, mounting global debt and ultra-low interest rates, financial advisers - from small boutiques to large private banks alike - are being propelled to find the best investment opportunities for clients that will not only keep capital intact, but ...

RMBS scrutiny could be loosened in US

ELIZABETH MCARTHUR  |  WEDNESDAY, 13 NOV 2019
... line with the high levels issued by this sector in the mid-2000s." He explained that the increase in RMBS issuance by non-banks in Australia was in line with tighter supervision and regulation of mortgage lending by banks. The RBA said that it, along ...

Financial services the most unethical industry

HARRISON WORLEY  |  TUESDAY, 12 NOV 2019
... score increasing by seven points since 2018. "Independent" super funds registered a nine point score drop, while investment banks were considered slightly more ethical than in 2018. The research found that among larger corporate organisations, company ...

Chief economist update: The A$ will answer the question of how much more

BENJAMIN ONG  |  TUESDAY, 12 NOV 2019
... production, they can now afford to consume more imports." The RBA will cut one more time in 2020. More, if other central banks, particularly the Fed, raise accommodative monetary policies... if only to keep the A$ weak.

Westpac chief believes in financial advice

ELIZA BAVIN  |  MONDAY, 11 NOV 2019
... Comyn also fronted the committee and said he believes non-bank entities should face the same level of scrutiny as the big banks. "There have been lenders able to lend into pockets of the market the regulated financial institutional haven't been and that ...

Chief economist update: Santa Claus is coming to town

BENJAMIN ONG  |  MONDAY, 11 NOV 2019
... curve. The only explanation being that bad news is good news. The worse the global economic backdrop gets, the more central banks are expected to implement increased policy stimulus measures. Central banks have indeed raised policy stimulation - in words ...

What finance professionals are really paid

ELIZABETH MCARTHUR  |  THURSDAY, 7 NOV 2019
... estimates small and mid-cap boutiques will be some of the most sought after workplaces next year, along with investment banks. When finance professionals are switching between jobs within similar industries, Michael Page found they expect salary increases ...