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Showing 1171 - 1180 of 5947 results for "Banks"

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.

Banks must prioritise NPP, says Reserve Bank

ELIZABETH MCARTHUR  |  TUESDAY, 19 MAR 2019
The $1 billion New Payment Platform seems to be another headache for the big banks. Reserve Bank governor Philip Lowe asked the chief executives of the big four to confirm they are putting significant resources into rolling out the high speed payment ...

Chief economist update: Be fearful when indicators show no fear

BENJAMIN ONG  |  MONDAY, 18 MAR 2019
... past few weeks - from a mini-me Dr. Doom to a prophet of boom - based on the rationale that the world's major central banks have toned down and/or reversed their hawkish rhetoric (and in China's case, soon Australia, engaged in stimulative fiscal ...

Reforming bank culture rests on regulators: Silk

KARREN VERGARA  |  FRIDAY, 15 MAR 2019
... executive of Australia's largest superannuation fund is pinning his hopes on the regulators to transform the culture of the big banks and retail sector. AustralianSuper chief executive Ian Silk says he's doubtful that the organisations called out for ...

Chief economist update: What's the RBA waiting for?

BENJAMIN ONG  |  FRIDAY, 15 MAR 2019
... but they have not? But it has not. The RBA must act and cut interest rates soon. Just as the RBA - and most other central banks - justify their decisions to raise interest rates, along the lines of, an early rate hike would reduce the necessity for even ...

Super funds eye intra-fund advice shake-up

KARREN VERGARA  |  FRIDAY, 15 MAR 2019
... to which advisers are "willing to recommend products other than their own." Otherwise superannuation will end up like the banks and AMP, Bowtell said.

Channel Capital head of retail departs

KANIKA SOOD  |  THURSDAY, 14 MAR 2019
... actually becoming more institutionalised, with things like model portfolios, core separately managed accounts and private banks," King said. "So we will look to hire distribution people at director level, with some markets background who can also act ...

Mortgage broker trail commissions to stay

KANIKA SOOD  |  WEDNESDAY, 13 MAR 2019
... brokers, Frydenberg said. The channel accounts for almost 40% of all loans at Commonwealth Bank and 55% at ANZ but some banks have shown they don't need to rely on the channel. An example is Bendigo and Adelaide Bank which sources most of its loans through ...

Banks, ASIC still at war over fees-for-no-service

HARRISON WORLEY  |  TUESDAY, 12 MAR 2019
ASIC's fee-for-no-service report card shows the regulator and some financial advice licensees still have fundamentally different views on what constitutes a fee-worthy service. ASIC's fees-for-no-service further review report card has shone light on ...