Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1411 - 1420 of 4760 results for "banking"

Banks vow to end grandfathered commissions

KANIKA SOOD  |  WEDNESDAY, 10 OCT 2018
The banking industry wants to dismantle the legislative framework that allows financial advisers to receive grandfathered commissions and end fees for no service across the industry, ABA chief Anna Bligh said in Sydney this morning. To this end, the ...

Schroders, Lloyds mull wealth venture

KARREN VERGARA  |  TUESDAY, 9 OCT 2018
Global investment manager Schroders is in talks with Lloyds Banking Group Plc to take on the wealth management sector in the UK. A Schroders spokesperson confirmed that Schroders "is in discussions with Lloyds Banking Group plc with a view to working ...

Bank cross-selling success declines: Research

KANIKA SOOD  |  MONDAY, 8 OCT 2018
... consistently referring existing customers to other product lines within the same institution. However, the Roy Morgan Banking & Finance Industry Currency Report has found that in reality, the big four have less than a third of their customers' share ...

RC interim report is fair: Spot poll

KARREN VERGARA  |  MONDAY, 8 OCT 2018
... Commission and focuses largely on adviser remuneration - an issue the association said does not require review. The Australian Banking Association chief executive Anna Bligh said the findings into the misconduct in financial services marked a "day of ...

Sequoia adds to board

KARREN VERGARA  |  MONDAY, 8 OCT 2018
... and Pearl, an independent board, governance and risk advisory firm between 2014 and 2016. His experience in investment banking commenced with Schroders Australia in treasury and fixed income, followed by over 14 years at Merrill Lynch International in ...

CBA fires up over Dollarmites criticism

HARRISON WORLEY  |  FRIDAY, 5 OCT 2018
... longstanding Dollarmites program. Executive general manager of the bank's retail arm, Mark Jones said CBA is proud of its school banking program, which has been running now for 87 years. "We are proud to have been able to help children develop good savings ...

Super funds cut exposures to banks

KANIKA SOOD  |  WEDNESDAY, 3 OCT 2018
... of Australia's banks, Rainmaker estimates. "Australia's super funds owning one fifth of the banks means superannuation, banking and the housing sector, which constitutes 70% of bank loans, are intensely commingled. The potential for contagion risk is ...

ASIC offers fee relief to drought-affected farmers

HARRISON WORLEY  |  TUESDAY, 2 OCT 2018
... branches in drought-affected regions open, in a move which the bank's newly appointed chief customer officer of consumer banking Mike Baird said demonstrates NAB's commitment to supporting customer through difficult times. "We know many of our customers ...

Industry fund goes for growth

JAMIE WILLIAMSON  |  TUESDAY, 2 OCT 2018
... LGIAsuper is welcoming Andrea Peters to the newly created role, joining from Credit Union Australia where she was head of banking products. Bringing more than 20 years' experience in financial services both in Australia and the United States, Peters ...

A day of shame for Aussie banks: Bligh

HARRISON WORLEY  |  FRIDAY, 28 SEP 2018
Australian Banking Association chief executive Anna Bligh said the Royal Commission's interim report into misconduct in financial services marked a "day of shame" for Australia's banks. Holding a press conference after Commissioner Kenneth Hayne ...