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Showing 1361 - 1370 of 4760 results for "banking"

Spriggy wins 2018 Best Fintech Startup Award: StartCon

MICHELLE BALTAZAR  |  THURSDAY, 20 DEC 2018
... year's award finalists were: online insurers CoverGenius and Huddle Insurance, personal loans specialist MoneyPlace and banking platform Trade Ledger. StartCon (formerly SydStart), which hosted the awards, was set up in 2009 and has since grown into ...

HSBC appoints wealth leader

HARRISON WORLEY  |  THURSDAY, 20 DEC 2018
... relaunch a traditional wealth business. Former Westpac state manager Jessica Power will lead the global bank's retail banking and wealth management arm in Australia from December this year, but her appointment doesn't signal an intention for ...

Ten stories that defined the Royal Commission

HARRISON WORLEY  |  WEDNESDAY, 19 DEC 2018
... Banks vow to end grandfathered commissions Just weeks after the interim report was released, the peak body for Australia's banking industry - the ABA - said it wanted to dismantle the legislative framework that allows financial advisers to receive grandfathered ...

Final call for 2019 Chief Economists Forum

DARREN SNYDER  |  WEDNESDAY, 19 DEC 2018
... becoming more sustainable. He added China is implementing several regulatory measures, such as trying to deleverage shadow banking, which might not be seen outside the microeconomic level. Developments such as trade, increased infrastructure investment ...

Grandfathered commissions: Where to from here?

JAMIE WILLIAMSON  |  WEDNESDAY, 19 DEC 2018
... be one of the key recommendations of Commissioner Hayne's final report which is due February 2019. The Australian Banking Association and many superannuation funds are already calling for a ban, and three of the four big banks have already vowed ...

MYEFO: Regulatory funding increases, Budget surplus doubles

DARREN SNYDER  |  MONDAY, 17 DEC 2018
... Securities and Investments Commission (ASIC) including cases highlighted by the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry." The Government is also providing $28 million over four years from 2018-19 ...

CFS swaps global equities managers

KANIKA SOOD  |  FRIDAY, 14 DEC 2018
... CBA's asset management business CFSGAM was excluded from the demerger and sold to Japanese bank Mitsubishi UFJ Trust and Banking Corporation (MUTB) in a transaction expected to settle in mid-2019.

ANZ Australia head to depart

JAMIE WILLIAMSON  |  FRIDAY, 14 DEC 2018
... will be returning to his native Sweden following 17 years' at the bank. Current group executive, business and private banking Mark Hand will act in the role while a review of the best structure for the Australian business is completed. Hand has been ...

Sydney fintech sells for $339m

DARREN SNYDER  |  THURSDAY, 13 DEC 2018
... with 50% of revenue coming from recurring SaaS product revenues. Temenos's digital front office product has more than 300 banking clients. In October, Temenos scored a deal with an Australian financial services firm with $1.7 billion in funds under management. ...

CBA stashes cash for compliance

DARREN SNYDER  |  WEDNESDAY, 12 DEC 2018
... $144 million as part of its disposal of Colonial First State Global Asset Management (CFSGAM) to Mitsubishi UFJ Trust and Banking Corporation, expected to complete in mid-2019. However, this will be mostly offset by $135 million received by CBA as a ...