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Showing 11511 - 11520 of 17967 results for "Bank"

Advisers demand platform opt-in support

ELISE BURGESS  |  THURSDAY, 21 JUL 2011
Independent and bank-aligned financial advisers want platform costs to be lowered and have high expecations of support from providers once opt-in reforms are implemented, an industry survey has found. The annual CoreData Platform Study reported that ...

Market Wrap - Morning

AAP  |  THURSDAY, 21 JUL 2011
... Notes maturing on October 21, 2011, and $1,000 million of Treasury Notes maturing on November 11, 2011. National Australia Bank issues its quarterly business survey. In equities news, the Asia Pacific Aviation Outlook Summit hears from Senator Nick Sherry ...

Earnings up but jobs cut at State Street

ALISON BEVEGE  |  WEDNESDAY, 20 JUL 2011
... bring the total job losses to 2250. Record low interest rates are believed to have been contributing to a reduction in the bank's returns on investments and institutional lending. It is believed chief executive officer Joseph Hooley is trying to cut ...

Opes Prime directors admit guilt

MATT WOODINGTON  |  WEDNESDAY, 20 JUL 2011
... adjourned for trial on April 11 2012. ASIC alleged that on 20 March 2008, Opes Prime directors signed documentation with ANZ Bank, gaining a term loan for Opes Prime Stockbroking and its parent company, Opes Prime Group, pledging the companies' assets ...

Macquarie may slash jobs in dip

ALISON BEVEGE  |  TUESDAY, 19 JUL 2011
... analyst Wes Nason reportedly said that if Macquarie slashed 1000 employees, about 6.4% of its workforce, then it would help the bank restore its returns. "Data on announced M&A (mergers and acquisitions) indicate that market share loss continues and ...

Fidelity sees market ripe for growth investments

MATT WOODINGTON  |  TUESDAY, 19 JUL 2011
... Fidelity's GARP fund currently has overweight positions in Rio Tinto, Iluka, Map Airports, Oil Search, Wesfarmers and Commonwealth Bank. "I think in Australia the overall market is pretty attractively priced, valued back below 12 times with some good ...

Market Wrap - Midday

AAP  |  TUESDAY, 19 JUL 2011
The Australian dollar was higher at noon, after dipping briefly on concerns the central bank has softened its outlook for domestic interest rates. At 1200 AEST on Monday, the Australian dollar was trading at 106.33 US cents, up from from 106.00 US cents ...

Market Wrap - Morning

AAP  |  TUESDAY, 19 JUL 2011
... local September share price index futures contract was down 22 points at 4,425. In economic news on Tuesday, the Reserve Bank of Australia (RBA) publishes the minutes of its July board meeting, and the Australian Office of Financial Management (AOFM) ...

Institutional appetite for RMBS behind lender acquisition

MATT WOODINGTON  |  MONDAY, 18 JUL 2011
ASX listed Firstfolio has agreed to acquire non-bank mortgage lender Calibre Financial Services amid plans to tap the growing demand from institutional investors to take part in residential mortgage backed securities (RMBS) issues. Firstfolio, a mortgage ...

Instos go direct as hedge funds industry moves

MATT WOODINGTON  |  MONDAY, 18 JUL 2011
... launched in the US this year and also in Asia Pacific, which accounts for around 10% of the worlds hedge fund AUM. Last week the bank launched its customised hedge fund and alternative solutions in Australia. "We've seen a large inflow of assets into ...