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Showing 1061 - 1070 of 4760 results for "Banking"

HSBC to cut 35,000 jobs

ELIZA BAVIN  |  THURSDAY, 20 FEB 2020
... from $20 billion in the previous year. The bank said this was largely due to US$7.3 billion in write-offs from its global banking and markets and commercial banking business units in Europe. Around half of the banks business revenue comes from its dealings ...

The sick short: Banking big on the coronavirus

ALLY SELBY  |  WEDNESDAY, 19 FEB 2020
With the coronavirus, now dubbed COVID-19, impacting not only many lives, but now also the bottom line of some of the world's biggest companies, investors are chasing shorting opportunities to bank big on the pandemic. According to the World Health ...

JP Morgan appoints two Aussie leads

ALLY SELBY  |  TUESDAY, 18 FEB 2020
JP Morgan has appointed not one, but two co-heads to lead the firm's investment banking business down under. Jabe Jerram and Simon Ranson have been appointed as co-heads of JP Morgan's investment banking coverage. A JP Morgan spokesperson said the appointments ...

Macquarie quietly rolls out low-cost platform menu

HARRISON WORLEY  |  FRIDAY, 14 FEB 2020
... expected its 2020 financial year performance to be down on last year, despite growth in the firm's asset management and banking and financial services divisions this quarter. Macquarie Group chief executive Shemara Wikramanayake said the business ...

Advisers choose remediation over advice

ELIZABETH MCARTHUR  |  FRIDAY, 14 FEB 2020
... jobs can see up to 300 applicants. Christopher Gordon is director at Profusion Group, a recruiter that specialises in the banking and financial services sector. Gordon recruits for some of the big four financial institutions, industry superannuation ...

Compensation bill hits $750m

ELIZA BAVIN  |  WEDNESDAY, 12 FEB 2020
Six of Australia's largest banking and financial services institutions have so far paid, or offered, a total of $749.7 million in compensation to customers, according to new data released by ASIC. The regulator said AMP, ANZ, CBA, Macquarie, NAB and ...

Challenger boutique winds up

KANIKA SOOD  |  TUESDAY, 11 FEB 2020
... investor base for FME was non-retail institutions, wholesale investor or sophisticated investors such as through the private banking channel. Fidante Partners usually takes minority stakes in boutique investment firms and provides them distribution ...

Macquarie expected to fall short of 2019 performance

HARRISON WORLEY  |  TUESDAY, 11 FEB 2020
... expects its 2020 financial year performance to be down on last year, despite growth in the firm's asset management and banking and financial services divisions this quarter. Macquarie Group chief executive Shemara Wikramanayake said the business still ...

Fund manager hires from Paradice

ALLY SELBY  |  TUESDAY, 11 FEB 2020
... within the financial services industry with focus on investment management operations, performance, client reporting, banking, compliance and investment fund administration," she said. "She has managed numerous successful teams. She is focused and ensures ...

ISA demands pull Combet from ME Bank

HARRISON WORLEY  |  MONDAY, 10 FEB 2020
... evolution of ME Bank since joining as a director in November 2014. In a time of unprecedented change in and scrutiny of the banking industry, Greg's insights and contributions have been especially helpful." Combet said he felt privileged to have ...