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Showing 1331 - 1340 of 5948 results for "Banks"

Finding value in Fairfax

JAMIE WILLIAMSON  |  WEDNESDAY, 15 AUG 2018
There are signs of life in Fairfax yet but the big banks are less promising, according to Auscap Asset Management. Speaking at the Financial Standard Adviser Big Day Out in Wollongong this morning, Auscap head of distribution Lee Hopperton provided ...

Chief economist update: Emerging markets feel the heat as Turkey burns

BENJAMIN ONG  |  TUESDAY, 14 AUG 2018
... about 40% of the Turkish banking sector's assets." Digging deeper, an article on uk.lalalay.com reveals that: "Spanish banks are owed $83.3bn by Turkish borrowers, French banks are owed $38.4bn and Italian lenders $17bn in a mix of local and foreign ...

NAB initially under-reported remediation bill to ASIC

KANIKA SOOD  |  MONDAY, 13 AUG 2018
... called then ASIC commissioner Greg Tanzer, who was updating ASIC's numbers on remediation costs for a report featuring other banks as well. The NAB executive did not tell Tanzer the bank's estimate for its total compensation bill for the plan service ...

Chief economist update: Turkey's roasted

BENJAMIN ONG  |  MONDAY, 13 AUG 2018
... so easy to ignore the developing crisis in Turkey were it not for the problem of contagion. News reports reveal that some banks in France, Italy and Spain have debt exposure to Turkey. The deeper the Turkish lira dives, the less it's able to repay ...

Chief economist update: Betting on down rather than up?

BENJAMIN ONG  |  FRIDAY, 10 AUG 2018
... enough hedged bet from the Reserve Bank of New Zealand (RBNZ) - more like the oft-repeated statements from other central banks saying "the risks are evenly balanced" - but Governor Adrian Orr's clarification that the current official cash rate (OCR) ...

Fees for no service remediation passes $250 million

DARREN SNYDER  |  WEDNESDAY, 8 AUG 2018
Financial institutions outside the big four banks and AMP have been integrated into ASIC's fees for no service remediation programs, with total provisions likely to exceed $850 million. Updating the financial services industry and consumers on its oversight ...

ASIC staff to investigate institutions from the inside

JAMIE WILLIAMSON  |  TUESDAY, 7 AUG 2018
... powers via funding from the Federal Government, a sizeable chunk of which will be used to embed staff within the big four banks and AMP. The Federal Government announced it is injecting a further $70.1 million into ASIC to ensure it is well resourced ...

Rethink property investment: Poll

HARRISON WORLEY  |  MONDAY, 6 AUG 2018
... survey either agree or strongly agree it is critical to reassess property investment strategies as real estate cools and banks tighten lending practices. Just 14% of respondents to Financial Standard's weekly poll disagreed; saying now was not the ...

Productivity Commission proposes more changes to financial advice

KARREN VERGARA  |  MONDAY, 6 AUG 2018
... Customer Owned Banking Association chief executive Mike Lawrence said the Commission found that the market power of the major banks is supported by layers of public policy and regulatory requirements, describing it as "dense" and may act against customers' ...

Mis-selling super a win for consumers

JAMIE WILLIAMSON  |  THURSDAY, 2 AUG 2018
... "This is an excellent example of the way Enforceable Undertakings can improve consumer outcomes. ASIC has ensured that the banks change their behaviour and consumers win through funding for a special organisation that will advocate for industry reforms ...