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Showing 111 - 120 of 608 results for "Big Four"

APRA opens margin requirement talks

HARRISON WORLEY  |  THURSDAY, 15 AUG 2019
... governance risk self-assessment. APRA said the extra capital requirement - the first applied to an institution outside the big four banks since the CBA prudential inquiry - would remain in place until its remediation work was complete and identified ...

Wealth jobs in demand

HARRISON WORLEY  |  MONDAY, 15 JUL 2019
... they intend to increase permanent staff levels. The firm said mergers and acquisitions, the FASEA exam and moves by the big four banks to move their wealth arms had led to "mass redundancies", but added the skills in demand are still relatively consistent. ...

Chief economist update: The back-to-back rate cuts Australia has to have

BENJAMIN ONG  |  WEDNESDAY, 3 JUL 2019
I have a confession to make, I was a closet "no RBA rate cut in July" speculator, going against the 'Big Four' banks and financial market expectations that it would... cut interest rates by another 25 bps at its July 2019 board meeting. So soon ...

Chief economist update: RBA justified to cut rates or not

BENJAMIN ONG  |  FRIDAY, 28 JUN 2019
... not unrealistic to expect a further reduction in the cash rate." But will it be as soon as next week? Australia's big four banks - ANZ, Commonwealth Bank, NAB, Westpac - think the RBA will announce a 25 bps reduction in interest rates at the conclusion ...

Regional Australia Bank and Holiday Coast merge

ELIZABETH MCARTHUR  |  FRIDAY, 31 MAY 2019
... Bank chair Graham Olrich said: "While the sector proudly continues to grow, particularly as people turn away from the big four banks, it is smaller institutions that find it difficult to sustain that growth and keep pace with digital transformation and ...

Super funds can spearhead infrastructure: Expert

HARRISON WORLEY  |  WEDNESDAY, 29 MAY 2019
... for the Australian economy. Thomas said it was hard to put a number on it, but noted the decision of Australia's big four banks to jettison their wealth management operations was mathematical. The big banks certainly tried the wealth management and ...

Big four satisfaction on road to recovery

HARRISON WORLEY  |  TUESDAY, 28 MAY 2019
... four months after Kenneth Hayne handed down his final report into misconduct in financial services, customers of the big four banks are starting to feel more satisfied. Latest Roy Morgan findings show customer satisfaction with Australia's largest banks ...

Chief economist update: The power of one

BENJAMIN ONG  |  TUESDAY, 28 MAY 2019
... record low 0.75% in November if he is right". Bill could be right because, according to Vesna: "Mr Evans is the only big four economist to call for three interest rate cuts from the Reserve Bank in this easing cycle, and the first to introduce cuts to ...

Lifecycle fails to woo industry super

KANIKA SOOD  |  MONDAY, 20 MAY 2019
... AustralianSuper, UniSuper and Hostplus have so far stuck to single strategy products. On the other hand, the super businesses of all big four banks now use lifecycle products as defaults, with NAB's MLC being the latest entrant. In total, 25 super ...

ANZ changes advice model, cuts Prime Access

JAMIE WILLIAMSON  |  FRIDAY, 17 MAY 2019
The big four bank announced it will change the way it provides ongoing financial advice to customers via ANZ Financial Planning. As of today, the Prime Access financial advice service will no longer be offered to new customers and will be phased out ...