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Showing 1251 - 1260 of 4760 results for "banking"

NAB, Nippon lock heads over MLC

KARREN VERGARA  |  THURSDAY, 2 MAY 2019
... there is "no animosity." Elsewhere, NAB's wealth business suffered a $3.8 billion net outflow as the effect of the banking Royal Commission continues to roil its results. The wealth division, which includes financial advice, asset management and ...

ANZ boosts remediation team

HARRISON WORLEY  |  WEDNESDAY, 1 MAY 2019
... trust and lead the industry "with purpose" following the Royal Commission and a string of scandals that have harmed the banking and wealth sectors. In boosting its remediation team, ANZ said it was able to improve the speed in which customers were refunded ...

APRA self-assesses shortcomings

KARREN VERGARA  |  WEDNESDAY, 1 MAY 2019
... considered when determining the fitness and propriety of responsible persons, including their skills and experience. Given the banking Royal Commission advocated for the Banking Executive Accountability Regime (BEAR) should be extended to superannuation ...

ME Bank adds new chair, directors

ELIZABETH MCARTHUR  |  TUESDAY, 30 APR 2019
... including the appointment of a new chair. ME Bank has appointed Jim Evans as chair. Evans has over 30 years' experience in the banking and financial services industries, having spent over 10 years at Commonwealth Bank as chief risk officer of wealth ...

ASA to vote against AMP remuneration

HARRISON WORLEY  |  FRIDAY, 26 APR 2019
... however vote in favour of the election and appointment of David Murray as AMP chair, noting his experience in regulation and banking were required to move the company forward. "His appointment has no doubt helped attract the experienced non-executive ...

APRA grants ADI licence to Judo Bank

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 APR 2019
... licence to operate as an authorised deposit-taking institution without restrictions in what is being welcomed as a win for banking competition and fintechs. Judo, which refers to itself as a challenger bank, is focussed on Australia's small and medium ...

One third of Australians trust robo-advice

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 APR 2019
... accept robo-advice as their faith in the human side of the financial services sector continues to waver following the Banking Royal Commission. Futurist and innovation strategist Anders Sorman-Nilsson said: "Previously, Australians have trusted digital ...

Superannuation mergers strike oligopoly fears

KARREN VERGARA  |  TUESDAY, 23 APR 2019
Concern the superannuation industry will become an oligopoly like the banking sector is being fuelled by the regulators' new powers and increased funding, specifically aimed at forcing underperforming funds to merge or shut down. Of the $400 million ...

Superannuation fund names innovation, transformation lead

KARREN VERGARA  |  THURSDAY, 18 APR 2019
... governance. Hubbard was recently chief information officer at UBank and prior to that was NAB's program director of core banking. Chief executive Vicki Doyle said the innovation and transformation team will provide strategic planning and oversight to ...

CBA owes staff $15 million

ELIZABETH MCARTHUR  |  THURSDAY, 18 APR 2019
... are over these tactics and want a say in their future, with fair pay and secure jobs they can count on," she said. "In banking, the rules are well and truly broken when the strongest, most profitable bank sets up systems that underpay already low-paid ...