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Showing 1451 - 1460 of 5336 results for "Third"

HSBC to cut 35,000 jobs

ELIZA BAVIN  |  THURSDAY, 20 FEB 2020
... employees over the next three years. The bank said it will cut US$100 billion in assets, shrink its investment bank and close a third of its US branches as it shifts focus to Asia and the Middle East. Interim chief executive Noel Quinn said the changes ...

Investment Manager of the Year named

JAMIE WILLIAMSON  |  WEDNESDAY, 19 FEB 2020
The third annual Financial Standard Investment Leadership Awards were held in Sydney overnight, celebrating excellence in Australia's investment management industry. Macquarie Investment Management took out the title of Investment Manager of the ...

Franklin Templeton to acquire Legg Mason

JAMIE WILLIAMSON  |  WEDNESDAY, 19 FEB 2020
... subject to approval by Legg Mason shareholders and regulatory approvals and is apparently expected to close no later than the third quarter of 2020. Not everyone is happy with the news, however. In the last 12 hours multiple law firms have launched investigations ...

IOOF profits fall 39%, advice margins drop

KANIKA SOOD  |  TUESDAY, 18 FEB 2020
... over first half of FY19 (0.36% to 0.31%). IOOF attributed the compression in advice segment's gross margins to repricing of third-party administrator revenue share. IOOF said Shadforth advisers have increased their clients' weighting to IOOF portfolio ...

Chief economist update: Japan fails to learn from history (yet again)

BENJAMIN ONG  |  TUESDAY, 18 FEB 2020
... call it that) in the September 2019 quarter. Real GDP plunged at an annualised rate of 6.3% (from growth of 0.5% in the third quarter) and fell by 0.4% in the year to the December quarter after surging by 1.8% in the previous quarter. Japanese authorities ...

Macquarie expected to fall short of 2019 performance

HARRISON WORLEY  |  TUESDAY, 11 FEB 2020
... $137.5 billion in equity under management. Meanwhile, Macquarie Capital tallied 109 transactions across the globe in the third quarter, for a combined total value of $76.4 billion. While not as robust as its performance in the prior corresponding period ...

Advice industry compresses

ELIZABETH MCARTHUR  |  TUESDAY, 11 FEB 2020
... funds under administration grew 39% last year alone to $63 billion - outgrowing wider platform FUA growth significantly. One third of the non-super investment market is now concentrated in managed accounts. Five of the 10 fastest growing platform products ...

Old boys, girls clubs dominate boards

ALLY SELBY  |  FRIDAY, 7 FEB 2020
A third of Australia's board members are dissatisfied with their roles, blaming a lack of transparency, professional and peer support for their frustrations. The new research, commissioned by advocacy and director placement group Women on Boards (WOB) ...

Chief economist update: Coronavirus threatens Tokyo Olympics

BENJAMIN ONG  |  FRIDAY, 7 FEB 2020
... slowdown in the Japanese GDP from an estimated 1.0% in 2019 to 0.7% this year. Japanese GDP grew by 1.7% in the year to the third quarter. Slower growth suggests inflation would remain under the BOJ's target. The central bank could go even more negative ...

Corrupt adviser banned, AFSL canned

ALLY SELBY  |  TUESDAY, 4 FEB 2020
... generate additional fees for himself. The majority of Shapter's clients were obtained through a referral arrangement with a third party appointed by Smart Solutions. The third party cold-called clients and obtained limited details about their financial ...