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| | | ... on the same period last year. "Our businesses continue to perform solidly, with the results for the consumer and business banks particularly good. All businesses increase core earnings over the prior half. We are pleased that there were no one-offs ... |
| | | | ... more investors were turning to secured debt (asset-backed debt and residential mortgage-backed securities) issued by non-banks. "The RMBS market which was once dominated by the major banks, has a healthy range of active issuers with 85% of investors ... |
| | | | ... will hold up to 30 stocks with a bias towards undervalued companies, which is why the portfolio is underweight Australian banks. InvestSMART believes the majority of bank stocks are overvalued "and in the current environment, risks in the sector are ... |
| | | | ... more investors were turning to secured debt (asset backed debt and residential mortgage backed securities) issued by non-banks. "The RMBS market which was once dominated by the major banks, has a healthy range of active issuers with 85% of investors ... |
| | | | ... its platforms were not competitively priced much to the financial disadvantage of customers. ANZ, which was among the big banks and AMP to appear before the Commission, has estimated it will incur about $50 million of legal and miscellaneous costs for ... |
| | | | ... management space unattractive: "There's never been such a hyper-sensitivity with compliance as there is within the major banks. It's expensive, and they're now looking at what they have and whether they want it." |
| | | | ... welcomed the authorisation by O'Dwyer, saying: "AFCA will be able to deal with complaints about financial firms including banks, credit providers, insurance companies and brokers, financial advisers, managed investment schemes and superannuation ... |
| | | | ... into a conflict-free model seems increasingly likely. This will be the biggest change to the industry since the big four banks moved into the wealth space more than 15 years ago," Hoevel said. Eighty per cent of wealth managers already agree that it ... |
| | | | ... by saying Henderson never owned more than 0.92% of the MGP shares on issue. See more: ASIC grilled over negotiating with banks MGP responds to Henderson's RC hearing 26 April: De Gori comes forward, Dover stays out The day's proceedings kicked off with ... |
| | | | ... but our super funds make us accessories before the fact," he said. "We expected great returns and as the biggest owners of banks, collectively through our super funds, we were, in effect, our own worst enemies!" Switzer said he "railed against the Royal ... |
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