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

Search Results

Showing 1151 - 1160 of 5945 results for "Banks"

Dealer group acquires bank advice business

JAMIE WILLIAMSON  |  WEDNESDAY, 10 APR 2019
... focused organisations to make a difference in our community," he said. "Our history of partnering with customer focused banks for more than 30 years means customers can be confident they will continue to receive quality financial advice from a trusted ...

Financial advice exit a boon for the industry: Poll

KARREN VERGARA  |  MONDAY, 8 APR 2019
The big four banks exiting financial advice received a resounding welcome from the industry, according to a new survey. The majority of respondents (62%) polled in Financial Standard's sister publication FS Advice agreed the move will have positive ...

Chief economist update: ECB digs deeper

BENJAMIN ONG  |  FRIDAY, 5 APR 2019
... year and concludes by March 2021. According to reports, the ECB is now studying whether to implement tiered deposit rates - banks will be exempted in part from paying the ECB's 0.40% annual charge on their excess reserves (because of the -0.40% deposit ...

Superannuation Consumer Advocate proposal needs work

KARREN VERGARA  |  THURSDAY, 4 APR 2019
... powerful industry influences." The SCC received funding in 2018 as a result of penalties CBA and ANZ were forced to pay. The banks paid a total of $2.5 million community benefits after ASIC found branch staff sold superannuation products to customers ...

Consumers don't understand fee disclosure: ISA

ELIZABETH MCARTHUR  |  THURSDAY, 4 APR 2019
... proposal by ASIC only serves to reinforce the inconsistent and confusing fee disclosure structure - whereby platforms owned by banks and investment managers would only be required to disclose the cost of gaining access to a product, not the cost charged ...

MP slams prolonged grandfathered commissions carve out

KARREN VERGARA  |  TUESDAY, 2 APR 2019
... from the Government. Deputy chair of the House of Representatives Standing Committee on Economics Review of the Four Major Banks, Matt Thistlethwaite, said last week that he doesn't feel sorry for financial advisers who complain about the banning of ...

Chief economist update: China stitches it in time

BENJAMIN ONG  |  TUESDAY, 2 APR 2019
... last year to aid infrastructure investment. Signaled looser liquidity stance by pointing to further RRR cuts for smaller banks." Chinese Prime Minister Li Keqiang announced these measures at the opening of the National People's Congress on March ...

Channel Capital signs on new partnership

KANIKA SOOD  |  FRIDAY, 29 MAR 2019
... Capital spokesperson said. "[We] identified considerable demand from financial advisors, intermediaries, platforms, private banks and their underlying clients for an institutional grade, top performing and differentiated Emerging and Frontier market ...

ASIC dismisses Royal Commission insider trading reports

ELIZABETH MCARTHUR  |  THURSDAY, 28 MAR 2019
... evidence or indications of information leakage or insider trading." On the day in question, in the lead up to the report, the banks' share prices went up slightly. Westpac was up 1.8% on a day when the market climbed 0.5%. The Hayne report was tabled ...

Powerwrap launches new adviser service

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 MAR 2019
... - advising and managing their clients' money." Davidson said Tickr will benefit those making the move away from the big banks as a response to enormous change in the industry. "Powerwrap has a strong track record in attracting advisers from these businesses ...