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Showing 1001 - 1010 of 4760 results for "Banking"

CBA sells 55% of CFS

JAMIE WILLIAMSON  |  WEDNESDAY, 13 MAY 2020
... Common Equity Tier 1 capital by $1.4-$1.9 billion. CBA said the transaction reflects its strategy to focus on its core banking businesses and allow CFS to become a more focused standalone entity. It will maintain its 45% stake in the business while this ...

Trust in big four improves

ALLY SELBY  |  MONDAY, 11 MAY 2020
... 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 found that trust in only nine of the banks did not improve during the crisis. The highest attainable ...

Suncorp wealth head departs

HARRISON WORLEY  |  MONDAY, 11 MAY 2020
Suncorp is again searching for a new banking and wealth chief executive, after the incumbent lasted just three months. Lee Hatton will leave the Queensland bank at the end of the month, bringing her tenure as chief executive of Suncorp's banking and ...

Macquarie advice shift offers mixed results

HARRISON WORLEY  |  FRIDAY, 8 MAY 2020
... contributed to the firm's full-year results. Announcing its full-year results to the market today, Macquarie revealed its banking and financial services arm made a $770 million net-profit contribution to the group's results, a 2% increase on ...

Kiwi investment firm nabs Aussie talent

ALLY SELBY  |  FRIDAY, 8 MAY 2020
... UBS senior bankers and one Goldman Sachs banker to lead the firm's Australian operations. Former UBS chair of investment banking, head of equities and prior head of hedge fund sales, Robbie Vanderzeil, will lead Jarden's Australian business. Former Goldman ...

Aussie banks battered by pandemic

ALLY SELBY  |  TUESDAY, 5 MAY 2020
... total credit impairment charges, lifting to $5.73 billion across the banks, up 227.4% from previous period. EY Oceania banking and capital markets leader Tim Dring said the true scale of the damage was hard to quantify, as economic conditions continue ...

Westpac to review business units

JAMIE WILLIAMSON  |  MONDAY, 4 MAY 2020
... immediate priorities, Westpac chief executive Peter King said the group is looking to focus on its Australian and New Zealand banking businesses. "We have several businesses where we don't have sufficient scale or where the returns are insufficient ...

Lloyds profits down 95%

ELIZABETH MCARTHUR  |  FRIDAY, 1 MAY 2020
... The significant dive in statutory profit was impacted by an impairment charge which occurred due to changes in Lloyds Banking Group's reporting assumptions given the "expected deterioration in the UK economy" as a result of COVID-19. Lloyds' underlying ...

Local financial sector to lose $3.5bn plus

KANIKA SOOD  |  THURSDAY, 30 APR 2020
COVID-19 will shave off more than $3.5 billion from the banking and finance industry in lost wages and profits in the four months to July, according to Deloitte Access Economics. Deloitte Access Economics Partners partner Chris Richardson estimates ...

Private asset consultant makes global hire

ALLY SELBY  |  THURSDAY, 30 APR 2020
... London for Adams Street Partners' secondaries team, most recently as a principal. He had previously worked as an investment banking M&A analyst at Morgan Stanley prior to this. Van Overloop said he was thrilled to build the firm's capabilities globally. ...