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Showing 1051 - 1060 of 1257 results for "Royal Commission"

Outlook darkens for bank stocks

KANIKA SOOD  |  THURSDAY, 31 MAY 2018
Major bank stocks could tumble up to 40% if the correction in the housing market gets more disorderly, UBS analysts led by Jonathan Mott said in a research note dated May 30. However, this "credit crunch" is not yet UBS' base case, even though it ...

Royal Commission backlash continues for banks: Research

JAMIE WILLIAMSON  |  TUESDAY, 29 MAY 2018
... About one in three Australians are more likely to switch their banking institution as a direct result of the Royal Commission, according to new research. About 10% of respondents to a survey commissioned by the Customer Owned Banking Association claim ...

Chief economist update: Should have sold in May and gone away

BENJAMIN ONG  |  TUESDAY, 29 MAY 2018
... rates until sometime next year. But while the Australian domestic narrative is a good story to tell - even the Royal Commission on bank and financial companies' shenanigans is good - the local economy is not immune to international developments. ...

Grandfathered commissions on the outer: Poll

DARREN SNYDER  |  MONDAY, 28 MAY 2018
... The question followed ASIC and the Financial Planning Association (FPA) making several recommendations to the Royal Commission in second round submissions. Both called for the eliminating the practice of grandfathered advice commissions. ASIC said it ...

Global banking ethics standard coming to Australia

HARRISON WORLEY  |  SATURDAY, 26 MAY 2018
... contributing to improved financial stability. The institute said in April that Australian consumers cared less about Royal Commission findings and were more concerned with professional standards.

AMP appoints group general counsel

DARREN SNYDER  |  FRIDAY, 25 MAY 2018
... spent two years with the ASX. Salter departed at the height of AMP's recent appearances at the financial services Royal Commission and when its financial advice division faced much scrutiny. He was one of several executives to depart including then AMP ...

$900bn of wealth soon up for grabs: Research

HARRISON WORLEY  |  THURSDAY, 24 MAY 2018
... available for management. The review service cited new FASEA educational standards and "FOFA-like changes from the Royal Commission" as key drivers in the impending mass exit. Adviser Ratings managing director Angus Woods said the weight of consumer ...

VOFF asks Medcraft to "face the music"

ALEX BURKE  |  WEDNESDAY, 23 MAY 2018
... for alleged mishandling of financial services regulation. VOFF wants Medcraft and Kell to be recalled to the Royal Commission so they can "justify [their] actions regarding the financial sector under his watch and the disgraceful treatment of the victims ...

AMP Advice risk chief departs

HARRISON WORLEY  |  THURSDAY, 17 MAY 2018
... leave the business as it faces intense scrutiny following revelations during the financial advice round of the Royal Commission. Earlier this week AMP was hit with its third proposed class action lawsuit over shareholder losses due to the Royal Commission ...

Fees for no service compensation unfinished business: ASIC

DARREN SNYDER  |  THURSDAY, 17 MAY 2018
... Silk opened the conference and added how asset owners are also feeling disheartened. "When we see today that the Royal Commission appears to be the catalyst for just five financial organisations losing more than $30 billion in market value, that's at ...