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Showing 1161 - 1170 of 5945 results for "Banks"

Big banks, super funds join forces for sustainability

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 MAR 2019
Senior executives of the big banks, superannuation funds, insurance companies and industry bodies have come together for the Australian Sustainable Finance Initiative. The initiative is an unprecedented collaboration with the aim of shaping an Australian ...

APRA consults to combat cyber attacks

ELIZABETH MCARTHUR  |  TUESDAY, 26 MAR 2019
... since then, is now consulting the industry on the matter. APRA executive board member Geoff Summerhayes said: "Australia's banks, insurers and superannuation funds are major targets of cyber-crime, and the risk is accelerating as attackers gain in skill ...

BGL announces new integrations

ELIZABETH MCARTHUR  |  MONDAY, 25 MAR 2019
... documents - it's just simple and smart." CAS 360 and Simple Fund 360 will now support over 300 integration partners including banks, brokers, wraps, platforms, registries, practice management solutions and actuaries. BGL also announced integration with ...

Chief economist update: Woe to the world

BENJAMIN ONG  |  MONDAY, 25 MAR 2019
... expansion territory. The recent policy U-turns and/or outright policy accommodations among the world's biggest central banks can still save the day.

Banks move to derisk, workforces shrink

KANIKA SOOD  |  MONDAY, 25 MAR 2019
Australian employment figures and economic outlook could take a hit as major banks move to derisk their businesses by hiving off wealth and financial advice businesses. Westpac has announced it is exiting personal financial advice. Commonwealth Bank ...

Macquarie axes SMSF residential property loans

ELIZABETH MCARTHUR  |  THURSDAY, 21 MAR 2019
... concerns and falling property prices. National Australia Bank stopped offering SMSF loans for residential property in 2015. Banks have phased out these limited recourse borrowing arrangements under some political pressure. The Treasury Laws Amendment ...

Chief economist update: Fed on ice

BENJAMIN ONG  |  THURSDAY, 21 MAR 2019
... activity going forward. Not only this, the Fed's gentler policy would trickle down onto the policies of other central banks around the globe. Re-flation returns? If so, the Fed's prediction for a 25 bps interest rate hike in 2020 would be right ...

Royal Commission will guide remuneration standard: APRA

DARREN SNYDER  |  WEDNESDAY, 20 MAR 2019
... will have to reflect consideration of all relevant contributions to performance, including risk management, Brennan added. "Banks will need to be transparent with APRA on how remuneration decisions are made; and variable remuneration must be truly variable ...

ABA moves to protect vulnerable customers

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 MAR 2019
... experiencing vulnerability. ABA chief executive Anna Bligh said: "There is no doubt that the Royal Commission showed that banks need to lift their game when it comes to vulnerable customers, particularly in the design of products and offering of support ...

Deutsche Bank and Commerzbank merger likely

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 MAR 2019
... union, Verdi, responded, saying it estimates 10,000 jobs could be at risk. Deutsche Bank and Commerzbank are the two largest banks in Germany. If the merger goes through, it will create the second largest bank in Europe, behind HSBC.