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Showing 1261 - 1270 of 4760 results for "banking"

NAB remediation bill hits $1.1bn

JAMIE WILLIAMSON  |  THURSDAY, 18 APR 2019
... wealth division accounts for 91% of the increased bill while the remainder relates to consumer credit insurance sales and banking matters including incorrectly charged fees on fee-exempt transactions. NAB acting chief executive Philip Chronican said ...

NPP chair breaks down rollout

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 APR 2019
... innovation which could have widespread use across insurance, superannuation, ecommerce, payroll and securities as well as in banking. McKinnon told Financial Standard : "The New Payments Platform is a game changer for Australian payments, and I am looking ...

FSU seeks transparency on CBA job cuts

KARREN VERGARA  |  TUESDAY, 16 APR 2019
... financial year, given the conditions currently experienced by rural NSW and Queensland." Financial Standard understands the banking giant was restructuring its digital infrastructure, leading to a number of redundancies in technology and back-office ...

BMO Global Asset Management creates new role

ELIZABETH MCARTHUR  |  TUESDAY, 16 APR 2019
... alternative investments. He will report to BMO chief executive Kristi Mitchem. Bennett has 25 years' experience in investment banking and private equity, including 10 years as partner and head of the Financial Institutions Group at Ondra Partners - a ...

IOOF responds to class action

ELIZABETH MCARTHUR  |  FRIDAY, 12 APR 2019
... New South Wales on Friday on behalf of IOOF shareholders. The class action is a direct result of revelations out of the Banking Royal Commission that IOOF Investment Management and Questor Financial Services, subsidiaries of IOOF, breached their duties ...

Banks push to leave vertical integration on the table

HARRISON WORLEY  |  WEDNESDAY, 10 APR 2019
... probe a Pauline Hanson bill looking to forcefully separate deposit taking banks from wealth management and investment banking, the Australian Banking Association (ABA) has weighed in, telling the committees Australia's banks should be able to return ...

Dealer group acquires bank advice business

JAMIE WILLIAMSON  |  WEDNESDAY, 10 APR 2019
... deliver customers increased access to specialised financial planning services, Bendigo and Adelaide Bank executive, consumer banking Richard Fennell said. The dynamics impacting advice businesses have changed significantly in recent years, he said. "The ...

Colonial acquisition cost CBA shareholders $53bn: Merlon

KANIKA SOOD  |  TUESDAY, 9 APR 2019
... tangible assets, 6x earnings and an even lower multiple of cash-flow. "Within five years of making the acquisition, CBA's banking market share had reverted to pre-acquisition levels. While it is difficult to estimate what would have happened in the ...

Financial advice exit a boon for the industry: Poll

KARREN VERGARA  |  MONDAY, 8 APR 2019
... and shift to a referral model; it will also reposition BT Financial Group as a standalone division. In handing down the banking Royal Commission final report, Commissioner Kenneth Hayne stopped short of dismantling vertical integration. Hayne said the ...

Poor governance spurs calls for directorship caps

JAMIE WILLIAMSON  |  MONDAY, 8 APR 2019
... required of an ASX200 chair each year. Good governance isn't just about oversight however. Testament to this is the Banking and Finance Oath, with individuals working in industry committing to - among other things - serve all interests in good faith ...