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Industry responds to election outcome

ELIZABETH MCARTHUR  |  MONDAY, 20 MAY 2019
The financial services industry has welcomed the surprise Coalition victory, viewing the result as business as usual. In a shock result to many, the Coalition defeated Bill Shorten's Labor Party in the Federal election over the weekend. In response ...

Lifecycle fails to woo industry super

KANIKA SOOD  |  MONDAY, 20 MAY 2019
... members," Linden says. This is an abstract of a story first published in the latest print issue of Financial Standard. You can view the full article on our free iPad app.

CBA down, industry up for employment

ELIZABETH MCARTHUR  |  FRIDAY, 17 MAY 2019
... which are the second most important things people look for in an employer. Macquarie also ranks highly job content. People view it as a place where they can do interesting work." Overall, the financial services sector is only the 22nd most attractive ...

ASIC to strengthen complaints handling

ELIZABETH MCARTHUR  |  THURSDAY, 16 MAY 2019
... arrangements. Internal dispute resolution is the first step in the complaints handling process, and ASIC said financial firms should view it as an opportunity to redress the issue before it is escalated to the Australian Financial Complaints Authority ...

Morgan Stanley raises capital for 86 400

ELIZABETH MCARTHUR  |  FRIDAY, 10 MAY 2019
... book. We need around $250 million of capital over the first three years of operation. We're going to marketplace with a view of bringing on the first shareholders in the next year or so." Bell explained that the aspiring bank has an approved $300 ...

Leadership shuffle at SuperConcepts

KANIKA SOOD  |  FRIDAY, 10 MAY 2019
... announcement soon. SuperConcepts chief executive Lara Bourguignon said: "These new roles will strengthen our leadership team with a view of best serving our clients." "Our existing leadership team has a long tenure with deep experience and I'm excited ...

Super, life risk face election test

HARRISON WORLEY  |  MONDAY, 6 MAY 2019
... remains non-partisan. This is an abstract of a story first published in the latest print issue of Financial Standard. You can view the full article on our free iPad app.

Bravura raises $165m for GBST bid

KANIKA SOOD  |  FRIDAY, 3 MAY 2019
Bravura Solutions has raised $165 million as it circles financial administration services competitor GBST. Macquarie has underwritten the placement at $5.75 per share for 28.7 million shares to raise the $165 million. This represents a discount of 7.9% ...

Chief economist update: Policy of patience

BENJAMIN ONG  |  THURSDAY, 2 MAY 2019
... decided to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2%," the Fed said. "The Committee continues to view sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee's symmetric ...

Big banks forced to cut costs: Perennial Value

ELIZABETH MCARTHUR  |  WEDNESDAY, 1 MAY 2019
... regulatory outlook, Australia's big banks will look to cut costs as the fallout from the Royal Commission continues. That is the view of Perennial portfolio manager Andrew King, who said ongoing efforts to remediate customers will have an impact, adding ...