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Showing 1481 - 1490 of 6476 results for "September"

Pay cuts, dividend slashed as NAB raises capital

JAMIE WILLIAMSON  |  MONDAY, 27 APR 2020
... cuts. NAB chair Philip Chronican and group chief executive Ross McEwan will reduce their base pay by 20% from April 1 to September 30, as will NAB's board of directors. The bank's executive leadership team has also decided to forego any short-term ...

Aussie ETF investors got oil bets wrong before crash

KANIKA SOOD  |  THURSDAY, 23 APR 2020
... contracts with one-month maturities (June for the ETF, as it doesn't have May exposure) to three-month maturities (September) as it sees the risk of June contracts trading at negative prices. "While this change can be expected to temporarily result ...

NAB remediation bill grows

ELIZABETH MCARTHUR  |  MONDAY, 20 APR 2020
... rate for these customers has increased to 40% (or approximately 56% including interest costs) compared with 28% at 30 September 2019. NAB also flagged increased wealth-related remediation program costs. NAB's total expected remediation bill was already ...

Funds have five days to hand over cash: APRA

ELIZABETH MCARTHUR  |  FRIDAY, 17 APR 2020
... possible." Australians can access up to $10,000 of their super before 1 July 2020, and a further $10,000 from July 1 until 24 September 2020. Approval for early release will be decided by the ATO. So far, well over 600,000 Australians have applied to ...

Chief economist update: How deep the global recession?

BENJAMIN ONG  |  WEDNESDAY, 15 APR 2020
... decade ago, the institution downgraded its 2009 growth forecast from 3.9% (in July 2008 before Lehmann Bros collapse in September of the same year) in succession all the way to a global GDP contraction of 1.4% in July 2009. As late as October 2009, the ...

Chief economist update: AUD depreciation no cure for coronavirus

BENJAMIN ONG  |  THURSDAY, 2 APR 2020
... Capital Management (LTCM) in 1998; it fell from around US$0.65 to US$0.49 during the US recession in 2001 following the September 11 attacks of the same year; and, it dropped from US$0.91 to US$0.62 at the onset of the GFC in 2007- when most major economies ...

MLC waives licensee fees, delays dealer group transitions

JAMIE WILLIAMSON  |  WEDNESDAY, 1 APR 2020
... waiving 100% of licensee fees from today to June 30. Advisers will then pay just 50% of their usual fees from July 1 to September 30. Professional indemnity fees will continue to be charged. "Our responsibilities are vastly different to recent memory ...

Super funds' dirty, poor performing stocks revealed

ELIZABETH MCARTHUR  |  TUESDAY, 31 MAR 2020
... assisting with the crowd funding of the legal action, and McVeigh is set to have his day in court later this year. Between September 2019 and March 2020, traffic to Market Forces' super comparison tool increased by 365% compared to the preceding ...

No new ASX 200 names this quarter

KANIKA SOOD  |  FRIDAY, 27 MAR 2020
... took the decision to delay the rebalancings globally, owing to market volatility. The last time this happened was in September 2001, an S&P spokesperson confirmed. "S&P DJI made this decision following thorough consideration of how best to support our ...

APRA heat map update in doubt

HARRISON WORLEY  |  MONDAY, 23 MAR 2020
... regulated entities amid COVID-19. The prudential regulator has put the majority of its 2020 agenda on ice until the end of September, to support its regulated entities to maintain their operations and support customers in the face of the pandemic. APRA ...