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Showing 1391 - 1400 of 4760 results for "banking"

Banks must reshape to survive compliance and technology crunches

DARREN SNYDER  |  TUESDAY, 6 NOV 2018
... sector and suggest cost discipline will be a major focus. It means more restructures and simplifications. KPMG partner, banking strategy, Hessel Verbeek said not only have various compliance and remediation costs translated into higher cost-to-income ...

Macquarie reshuffles asset management lineup

KANIKA SOOD  |  FRIDAY, 2 NOV 2018
... Macquarie Bank chair Peter Warne said: "The Macquarie boards will benefit greatly from Broadbent's extensive investment banking industry knowledge and markets expertise, including her deep knowledge of risk management and regulation in these areas. ...

One-stop complaints shop opens

DARREN SNYDER  |  THURSDAY, 1 NOV 2018
... role in restoring trust in Australia's financial institutions in the wake of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry." "We will influence reform in the financial services sector by raising standards ...

NAB signals more bad advice remediation

KARREN VERGARA  |  THURSDAY, 1 NOV 2018
... advice and products. The wealth division contributed $250 million of net profit - down 8.8% year on year. The consumer banking and wealth division, which includes mortgage brokers, and aligned and salaried financial advisers, reported $1.5 billion in ...

CBA sells CFSGAM, new wealth business chief executive appointed

KANIKA SOOD  |  WEDNESDAY, 31 OCT 2018
... Global Asset Management (CFSGAM) to a Japanese buyer. The bank has entered into an agreement with Mitsubishi UFJ Trust and Banking Corporation (MUTB) to sell the business for $4.13 billion for a total cash consideration. MUTB approached Commonwealth ...

Fintechs in the money, gain confidence

KARREN VERGARA  |  TUESDAY, 30 OCT 2018
The fintech sector is bullish it can grab market share from big banks and incumbents with the advent of open banking and as the fallout from the Royal Commission plays out, EY's latest fintech census shows. With one-in-five fintechs now turning a profit ...

What the RC can teach us about trust: Deloitte

DARREN SNYDER  |  MONDAY, 29 OCT 2018
... opportunity to better understand how trust works in Australian banks. Launching its first trust index for Australia's banking sector, Deloitte surveyed 2072 customers in an attempt to identify how to rebuild the banks' reputation and trust. "The ...

Social media reacts to SIBOS

HARRISON WORLEY  |  FRIDAY, 26 OCT 2018
Attendees of the world's largest banking conference took to social media to share their SIBOS experience. Swift at sibos today: "The benefits of DLT are promising, but delivering it is still years away." There are over 100 financial institutions with ...

Asset management business models need a rethink: panel

HARRISON WORLEY  |  FRIDAY, 26 OCT 2018
... Sinclair Scholfield said there is a lot of complacency in asset management, and compared the sector with Australia's banking community. Responding to a question from the audience on how asset managers would adopt new technologies given their historically ...

The rise of challenger banks in Australia: SIBOS

MICHELLE BALTAZAR  |  THURSDAY, 25 OCT 2018
Challenger banks :86400, volt and xinja mount plans to disrupt the banking oligopoly in Australia. Speaking at the SIBOS Conference held in Sydney this week, senior heads at the three challenger banks spoke about how changing customer needs, fintech ...