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Showing 1461 - 1470 of 4760 results for "banking"

BNY Mellon partners for new fund, eyes Aussie retail market

KANIKA SOOD  |  FRIDAY, 10 AUG 2018
The global banking giant has partnered with multi-affiliate boutique manager Pinnacle to launch a new Australian-domiciled global infrastructure fund, as it eyes the retail and adviser market. The Pinnacle BNY Mellon Global Infrastructure Yield Fund ...

First on the block: CBA to develop blockchain bond

HARRISON WORLEY  |  FRIDAY, 10 AUG 2018
... the CBA innovation lab's blockchain centre of excellence. CBA international executive general manager of institutional banking and markets James Wall said the bank took a collaborative approach to innovation, having partnered with other financial institutions ...

We have won the battle, not the war: AustralianSuper CEO

HARRISON WORLEY  |  THURSDAY, 9 AUG 2018
... employees. But, we know with certainty that some institutions have sought to negotiate with employers and leverage business banking relationships into a change of default fund applying at the workplace," Silk said. Responding to questions from counsel ...

CBA readies wealth demerger, records $9.2bn cash profit

DARREN SNYDER  |  WEDNESDAY, 8 AUG 2018
... choices, was to simplify the bank. This means the bank will focus on its Australian and New Zealand retail and commercial banking businesses that generate more than 90% of the group's profits. Although NewCo generated $568 million cash profit in ...

One measure not enough to revoke MySuper: APRA

HARRISON WORLEY  |  MONDAY, 6 AUG 2018
... retain its MySuper authorisation. As the regulator prepares to appear before the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, APRA also called for enhanced powers, saying its experience led it to believe ...

Financial abuse: A hidden epidemic

JAMIE WILLIAMSON  |  MONDAY, 6 AUG 2018
... ranging from controlling or restricting access to money to running up debt in a victim's name. In June, the Australian Banking Association, National Seniors, Council on the Ageing, Older Persons Action Network and the Financial Services Union joined ...

Rethink property investment: Poll

HARRISON WORLEY  |  MONDAY, 6 AUG 2018
... risky - evidenced he says, by Westpac's decision to no longer offer SMSF loans. In our new poll, we ask: Since the banking and financial services Royal Commission, the levels of consumer trust and satisfaction have worsened. Do you agree? Let us ...

Productivity Commission proposes more changes to financial advice

KARREN VERGARA  |  MONDAY, 6 AUG 2018
... Australia's financial system. The 686-page document, released on Friday, unveiled larger, highly profitable institutions in banking and insurance have "entrenched market power" driven by opaque pricing, conflicted advice and remuneration arrangements. ...

Industry super fund renews board

HARRISON WORLEY  |  FRIDAY, 3 AUG 2018
... first non-trustee of First State Super Trustee Corporation. Cole brings with him 39 years' experience in the investment banking and funds management industry, and currently serves as chair of Ironbark Capital and Platinum Asset Management.

Funds management veteran joins First State Super

KARREN VERGARA  |  TUESDAY, 31 JUL 2018
... as chair of Ironbark Capital and Platinum Asset Management. Cole has more than 39 years' experience in the investment banking and funds management industry. His extensive board experience includes serving as chair of SAS Trustee Corporation (2000-2007) ...