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

Search Results

Showing 1051 - 1060 of 17947 results for "Bank"

Former super fund adviser receives permanent ban

JAMIE WILLIAMSON  |  TUESDAY, 14 MAY 2024
... superannuation funds, has been permanently banned after he tried to persuade clients to transfer their retirement savings into a bank account he controlled. Effective May 10, Kudzanai Philip Dzawo of Melbourne is permanently banned from performing any ...

ANZ confirms ASIC investigation

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... (AOFM). ANZ said it was appointed by the AOFM to act as a risk manager in relation to the issuance of the Treasury Bonds. The bank said it understands ASIC is investigating suspected contraventions of several provisions of the ASIC Act and the Corporations ...

Advisers should leverage US tech blueprint: SIAA panel

KARREN VERGARA  |  TUESDAY, 14 MAY 2024
While the US is at the forefront of financial advisers leveraging the best technology available, Australia's advice industry cannot be left behind and should learn from the blueprint it has laid out, investment experts told the Stockbrokers and Investment ...

Iress says its GitHub user space was breached

JAMIE WILLIAMSON  |  MONDAY, 13 MAY 2024
... efficiency and creativity of its software development team by streamlining code creation and review." Meantime, Commonwealth Bank was also among the first in Australia to use GitHub Copilot, with ANZ Bank signing up shortly after. Financial Standard ...

Federal Court rejects two CBA class actions

KARREN VERGARA  |  MONDAY, 13 MAY 2024
The Federal Court shut down two class actions against Commonwealth Bank of Australia (CBA) relating to anti-money laundering and counter-terrorism financing (AML/CTF). AUSTRAC alleged as early as 2017 that the bank contravened the Anti-Money Laundering ...

Chalmers makes bold inflation prediction

ELIZA BAVIN  |  MONDAY, 13 MAY 2024
Federal Treasurer Jim Chalmers says the government is predicting inflation will come back into the Reserve Bank of Australia's (RBA) target range of 2-3% by Christmas and will be sitting at around 2.75%. The prediction is at odds with the RBA's modelling ...

Senior Cbus investment manager exits

ELIZABETH FRY  |  FRIDAY, 10 MAY 2024
... roles on PPP projects and transport infrastructure, including airports, ports, and rail. Earlier, she worked at Deutsche Bank. Cbus head of infrastructure Jordan Kraite welcomed the energy specialist to the team. "The role reflects the increasing need ...

Discover the best performing asset class of 2023: Mercer

ANDREW MCKEAN  |  THURSDAY, 9 MAY 2024
... posted a 21.7% return. The hedged returns were slightly lower due to the Federal Reserve raising rates higher than the Reserve Bank of Australia in 2023. Global small caps (unhedged) achieved a 15.62%, followed by Australian equities at 12.13%, and emerging ...

Betashares launches Australian Major Bank Subordinated Debt ETF

ANDREW MCKEAN  |  THURSDAY, 9 MAY 2024
Betashares has introduced the Australian Major Bank Subordinated Debt ETF (ASX: BSUB) on the ASX. This ETF offers exposure to a portfolio of Tier 2 floating rate subordinated bonds issued by the Australian big four banks. To be eligible for inclusion ...

AFCA and CSLR sign MoU

ELIZA BAVIN  |  THURSDAY, 9 MAY 2024
The Australian Financial Complaints Authority (AFCA) and Compensation Scheme of Last Resort (CSLR) have signed a Memorandum of Understanding (MoU) setting out how they will work together to support a fair and efficient financial services sector. The ...