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Showing 1061 - 1070 of 5945 results for "Banks"

Sean Fenton back with Sage Capital

KANIKA SOOD  |  WEDNESDAY, 21 AUG 2019
... Andrew King said the company has secured interviews with rating houses, and is in talks with family offices and private banks to come on as cornerstone investors. The capacity for the two funds is about $3 billion. Channel is aiming for a 50-50 split ...

Peak bodies respond to government roadmap

KRISTI CHENG  |  TUESDAY, 20 AUG 2019
... government to prioritise recommendations to stop conflicts of interest in the sector, as well as the "worst practices" among banks and other for-profit entities. This includes the recommendation to ban the hawking of super products, such as the upselling ...

ASIC accelerates enforcement

ELIZABETH MCARTHUR  |  MONDAY, 19 AUG 2019
... 2019 ASIC increased enforcement investigations by 20%. Investigations involving the big six and their subsidiaries (the big banks, AMP and Macquarie) were up by 51%. Wealth management investigations increased by a remarkable 216%. "ASIC's enforcement ...

Super sector needs to end culture war

KRISTI CHENG  |  FRIDAY, 16 AUG 2019
... making superannuation voluntary for those earning less than $50,000 a year, saying compulsory super had "made the unions, banks and insurers richer than ever". A dozen backbench Coalition MPs have called for a freeze in the superannuation guarantee ...

Chief economist update: Will Australia avoid another global recession?

BENJAMIN ONG  |  FRIDAY, 16 AUG 2019
... safehaven currencies such as the Swiss franc and the Japanese yen are upper; gold's in, copper is out. Even central banks are busily preparing for the "R" contingency. The Fed's mulling negative interest rates; the ECB's forward-guiding ...

Court dismisses Westpac lending practice case

KARREN VERGARA  |  THURSDAY, 15 AUG 2019
... regulator, it is our role to test the law and its ambit. The obligation to assess loan applications builds on the requirement for banks to make inquiries about a borrower's financial circumstances and capacity to service a loan and to verify the information ...

APRA opens margin requirement talks

HARRISON WORLEY  |  THURSDAY, 15 AUG 2019
... risk self-assessment. APRA said the extra capital requirement - the first applied to an institution outside the big four banks since the CBA prudential inquiry - would remain in place until its remediation work was complete and identified gaps were c ...

Chief economist update: Greater than the Great Recession of 2008

BENJAMIN ONG  |  THURSDAY, 15 AUG 2019
... ominously looming. Before Lehmann Bros collapsed on the 15 September 2008, policy rates among the world's major central banks were higher - 7.25% for the RBA (now 1%); 5.75% for the BOE (now 0.75%); 5.25% for the Fed (now 2.25%); 4.25% for the ECB ...

BlackRock appoints Melbourne head

KANIKA SOOD  |  WEDNESDAY, 14 AUG 2019
... clients, the company said. BlackRock manages money on behalf of Australian superannuation funds, insurers, asset managers, banks, government and adviser-led retail clients. It has a big presence in outsourced investment management for superannuation ...

APRA hits Allianz over risk

HARRISON WORLEY  |  WEDNESDAY, 14 AUG 2019
... paper than in practice". Following the inquiry, APRA hit CBA with an additional $1 billion capital requirement, and asked 36 banks, insurers and superannuation licensees to undertake self-assessments to determine whether the governance weaknesses found ...