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Showing 1321 - 1330 of 5948 results for "Banks"

Reverse mortgage lenders shortsighted: ASIC

KARREN VERGARA  |  WEDNESDAY, 29 AUG 2018
While older Australians are largely benefitting from reverse mortgages in the short term, many have a poor understanding of the risks and the long-term pitfalls, ASIC said. An ASIC review of reverse mortgage lending shows older Australians failed to ...

More risk advisers offloading practices

KARREN VERGARA  |  WEDNESDAY, 29 AUG 2018
... Statement (FDS) was required and the opt-in requirement for new clients from 1 July 2013, didn't apply. Even some major banks that used to lend on this asset class have done a back-flip and now don't lend against these trail books," he said. ...

Chief economist update: Famous last words

BENJAMIN ONG  |  TUESDAY, 28 AUG 2018
... Depression of the 1930s. Like many others, I thought that this would never happen again, the world - governments and central banks - have learned from the mistakes of the past. Like many others, I was wrong. The "Great Recession of 2008" happened. And ...

Discriminatory bank regulation hits super savings

JAMIE WILLIAMSON  |  WEDNESDAY, 22 AUG 2018
The interest rate paid by banks on short-term deposits in superannuation fund accounts is significantly lower than similar deposits made by SMSFs, and new research estimates as much as $1 billion is being lost in potential retirement savings. According ...

JPMorgan fund excludes tobacco, cuts fees

DARREN SNYDER  |  TUESDAY, 21 AUG 2018
... exposure. In equities the fund no longer holds a long position on financials although it still maintains exposure to Chinese banks. This article was updated at 4pm on 21/08/18.

HUB24 lifts targets

KANIKA SOOD  |  MONDAY, 20 AUG 2018
... an acceleration of existing forces at play on the post FOFA environment," it said. "These include three out of four major banks exiting wealth, pressure being applied to grandfathered commission structures and traditional vertical integration models." ...

Chief economist update: Submerging markets

BENJAMIN ONG  |  MONDAY, 20 AUG 2018
... forward indication of more downward pressure on their respective equity markets. This is because emerging market central banks would be forced to jack up interest rates - many have done so already - to stem the slide in their currencies. However, by ...

Royal Commission on social media: Regulators under scrutiny

HARRISON WORLEY  |  FRIDAY, 17 AUG 2018
... financial services industry by the Governance Institute. ASIC & APRA are so extraordinarily scared of litigation against the banks. And they are the regulators. #BankingRC - David Taylor (@aus_employ_law) August 17, 2018 Employment lawyer David Taylor ...

Customer data protections progress

DARREN SNYDER  |  WEDNESDAY, 15 AUG 2018
... customers and not for those who wish to access or use a customer's data. "No longer will Australians be left in the dark by banks and financial service providers," he said. It's positioned to arm Australians with the right information they need to seek ...

Financial services confidence continues spiral

DARREN SNYDER  |  WEDNESDAY, 15 AUG 2018
... current consumer sentiment low-point as the financial services Royal Commission continues. For the third consecutive year, banks and financial institutions have rated at the bottom of the institute's Ethics Index. "Australians expect high standards ...