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Showing 1261 - 1270 of 5947 results for "Banks"

AI ramping up but legal risks remain

KANIKA SOOD  |  FRIDAY, 16 NOV 2018
... algorithms. This has coincided with the availability of vast amounts of data, facilitated by rapid advances in the ability of banks, insurers and other FIs to store this data cheaply," the report said. World Economic Forum financial innovation lead Jesse ...

Special Report: Hitting new ETF goals

KARREN VERGARA  |  FRIDAY, 16 NOV 2018
... of passive products. "This is partly due to the lack of volatility in the market and partly due to the fact that central banks globally have been very active in the markets, keeping interest rates low." Interest rate sensitivity With global interest ...

Global tech wars disrupt $600m market

MICHELLE BALTAZAR  |  WEDNESDAY, 14 NOV 2018
... an experience that you deliver in real-time and without a signature or physical presence." Besides real-time processing, banks, fund managers and superannuation funds also need to rethink how they manage data. "You won't be able to exist in the world ...

Merger to create $885m LIC

KARREN VERGARA  |  WEDNESDAY, 14 NOV 2018
... assets. CYA aims to deliver a regular income stream of fully franked dividends. Its top holdings include the four major banks, Macquarie, AMP, Amcor, QBE, BHP and Woolworths. Since its 2004 inception, it returned 11.3%, beating its benchmark by 2.2%. ...

Labor responds to Royal Commission, sheds light on victims of misconduct

HARRISON WORLEY  |  TUESDAY, 13 NOV 2018
... Hayne's interim report, documenting feedback to the Royal Commission through victims of bank misconduct, including claims banks go out of their way to avoid compensation settlements. In its submission the Labor Party said it conducted 13 roundtables ...

Westpac cops BBSW fine

HARRISON WORLEY  |  MONDAY, 12 NOV 2018
... Westpac will pay a $3.3 million penalty over its involvement in the bank bill swap rate saga that's ensnared Australian banks this year. On Friday the Federal Court ordered the bank pay $3.3 million for contravening the ASIC Act in its involvement in ...

Chief economist update: Cheaper oil greases wheels of growth

BENJAMIN ONG  |  MONDAY, 12 NOV 2018
... synchronised global growth upswing of 2017. In addition, the flow-on effects of lower oil prices in inflation would inspire central banks (especially in emerging markets) to go slow on interest rate hikes.

Gender diversity in advice dormant

JAMIE WILLIAMSON  |  FRIDAY, 9 NOV 2018
... advisers - a figure that has remained stagnant for several years. However, looking at advice groups, three of the big four banks have numbers approaching one third of their total adviser force. About 27% of the advisers aligned with Commonwealth Bank ...

Chief economist update: Oil slick

BENJAMIN ONG  |  WEDNESDAY, 7 NOV 2018
... depreciation, experienced rising inflation in their respective domestic economies. This has prompted many emerging market central banks to raise interest rates, damping business activity and hence, demand for crude. In a phrase, the synchronised economic ...

Banks must reshape to survive compliance and technology crunches

DARREN SNYDER  |  TUESDAY, 6 NOV 2018
KPMG and EY highlight Australia's big four banks must balance ongoing compliance costs with continued spending in technology or face being left behind when it comes to innovation. In their post FY18 analysis of Australian bank results, KPMG and EY point ...