Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1281 - 1290 of 4381 results for "Commonwealth"

CBA appoints group executive

EMMA RAPAPORT  |  THURSDAY, 11 MAY 2017
The Commonwealth Bank will aim to transform its traditional retail and small business banking model with the appointment of a new group executive to the international financial services leadership team. Coen Jonker has been promoted to the role after ...

Government bond issuance to fall 20pct

ALEX DUNNIN  |  WEDNESDAY, 10 MAY 2017
... their commitment to support the operation of the 20 year Treasury Bond futures contract. Australia's debt through Commonwealth government debt securities is now $490 billion comprising $454 billion in Treasury bonds, $33 billion in indexed Treasury bonds ...

Government debt on its way to $606bn

ALEX DUNNIN  |  TUESDAY, 9 MAY 2017
... expenditure rising by 4% per annum, sets Australia on the road towards a surplus by 2020 but one supported by record Commonwealth debt that by 2021 is projected to break $606 billion. Squeezing down the deficit is that between 2016-17 and 2020-21 government ...

Infrastructure receives $75 billion boost

KARREN VERGARA  |  TUESDAY, 9 MAY 2017
... $70 billion in funding over the next 10 years. Morrison announced up to $5.3 billion will be invested in the new Commonwealth-owned company, WSA Co, to fund the first development stage of Western Sydney Airport, which will have the capacity to hold 10 ...

Strong quarter for CBA

KARREN VERGARA  |  TUESDAY, 9 MAY 2017
The Commonwealth Bank of Australia reported a strong quarterly performance, according to a trading update released to the ASX. Assets under management rose by 6%, while funds under administration increased by 7% in the three months to March compared ...

Challenger recruits CBA research manager

ALEX BURKE  |  THURSDAY, 4 MAY 2017
Challenger has appointed a new national key account manager. Shane Brereton joins Challenger from Commonwealth Bank, where he was senior manager research. Prior to that, he was a senior research analyst at CBA. He was also a business analyst and research ...

Victorian DB liabilities hit $44bn

ALEX DUNNIN  |  WEDNESDAY, 3 MAY 2017
... market and re-measurement factors. "This actuarial gain is primarily attributable to favourable movements in the Commonwealth bond rates that underlie the key superannuation valuation assumptions. Higher than expected investment returns on superannuation ...

HSBC rolls out Apple Pay

KARREN VERGARA  |  TUESDAY, 2 MAY 2017
... ING, American Express, Macquarie and ANZ. In March, the Australian Competition and Consumer Commission denied the Commonwealth Bank of Australia, Westpac, National Australia Bank, and Bendigo and Adelaide Bank to collectively negotiate access to Apple's ...

Banks can offer fintech an olive branch

EMMA RAPAPORT  |  MONDAY, 1 MAY 2017
... yet large institutions are accused of hindering progress. In an email blast to thousands of customers last year, Commonwealth Bank warned the use of certain fintech services could invalidate the protection CBA provides from losses on accounts relating ...

CFS becomes PRI signatory

KARREN VERGARA  |  THURSDAY, 27 APR 2017
... relation to management of ESG and climate change matters, the company said. The move comes as part of the broader Commonwealth Bank group's wealth management responsible investing initiatives. CFS head of investments Scott Tully commented: "For CFS ...