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

Search Results

Showing 111 - 120 of 424 results for "Big four banks"

Government caves to banking Royal Commission

KARREN VERGARA  |  THURSDAY, 30 NOV 2017
... that our financial system is resilient, efficient and fair," they said. The chief executives and chairs of the big four banks said the Royal Commission is "unwarranted." "They are costly and unnecessary distractions at a time when the finance sector ...

Banks will step out of wealth: Medcraft

DARREN SNYDER  |  TUESDAY, 31 OCT 2017
Outgoing ASIC chair Greg Medcraft believes the big four banks will continue to sell wealth management arms because it's tough to restore the consumer trust repeatedly tarnished by these businesses. Speaking at a Sydney Financial Forum event yesterday ...

Female SMSF investors more focused on securing retirement

JAMIE WILLIAMSON  |  MONDAY, 4 SEP 2017
... SMSF investors are still showing a strong preference for Australia's blue-chip stocks, with Telstra, BHP and the big four banks accounting for almost 70% of the total value traded by active SMSF investors in the first half of the year. However, SMSFs ...

Exposing the hidden risks of cash

ALEX BURKE  |  WEDNESDAY, 26 JUL 2017
... banks derive a substantial amount of profit from real estate debt and 60% of Australian direct shares are in the big four banks. "That's not well-diversified," he said. Ultimately, though, he argued that "a mix of equities and some cash presents less ...

APRA sets new capital target for the big four

ALEX BURKE  |  WEDNESDAY, 19 JUL 2017
APRA has raised the CET1 capital ratios for the big four banks to meet the "unquestionably strong" benchmark outlined in the Financial System Inquiry. By 1 January 2020, the big four will need to achieve a CET1 capital ratio of at least 10.5%. APRA ...

Xero seeks global growth, director steps down

EMMA RAPAPORT  |  WEDNESDAY, 12 JUL 2017
... adding resources to its global team and building relationships with financial institutions including Australia's big four banks, Wells Fargo and HSBC. "The future of finance is steeped in collaboration rather than competition between banking institutions ...

Banks continue campaign to discredit SA bank tax

JAMIE WILLIAMSON  |  TUESDAY, 4 JUL 2017
Australia's big four banks again warned South Australians of the impact a state-based tax would have as the South Australian Liberal opposition confirmed it will move to block the tax's implementation. In an open letter to South Australian customers ...

BetaShares launches defensive ETF

KARREN VERGARA  |  WEDNESDAY, 7 JUN 2017
... (excluding fees). About 80% of investments are allocated to senior floating rate debt securities issued by the big four banks, with the remainder in regional banks such as Macquarie, AMP, Bank of Queensland, and Bendigo and Adelaide Bank. Bonds within ...

New cash ETF for UBS

KARREN VERGARA  |  FRIDAY, 2 JUN 2017
... short to medium-term discount securities ranging from bank bills to certificate of deposits, with a 60% skew to the big four banks, Anderson said. Head of UBS Asset Management for Australia and New Zealand Bryce Doherty said a typical superannuation ...

Ignition Wealth secures BT Panorama deal

JAMIE WILLIAMSON  |  MONDAY, 22 MAY 2017
... The deal has been hallmarked as "the largest fintech deal in Australia to date." It also marks the first of the big four banks to appoint an independent technology provider to power digital financial advice divisions, Ignition Wealth said. Ignition's ...