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Showing 131 - 140 of 466 results for "Tier"

Chief economist update: Eurozone at risk of double-dip

BENJAMIN ONG  |  MONDAY, 18 JAN 2021
The longer the Eurozone takes to get on top of the resurgence, the longer the lockdowns, the greater the risk of a double-dip recession. COVID-19 infections in Europe started re-appearing and multiplying sometime around October last year. The growth ...

CBA provides BoCommLife update

ANNABELLE DICKSON  |  WEDNESDAY, 9 DEC 2020
... goodwill, foreign currency translation reverse recycling and transaction costs. The sale will increase CBA's common equity tier one ratio by 29 basis points. The transaction is expected to be completed by December 31. In September, CBA received $450 ...

Advice firm launches dealer group

JAMIE WILLIAMSON  |  MONDAY, 7 DEC 2020
A Sydney-based financial advice firm is entering the licensee space, launching a technology-driven dealer group offering. Insight Investment Partners has launched IIP Dealer Group, led by managing director Anthony Lyon and director Christopher Fellas. ...

Westpac sells Pacific to PNG bank

ANNABELLE DICKSON  |  MONDAY, 7 DEC 2020
... loss of $230 million including a foreign currency translation reserve but will add three basis points to its common equity tier one ratio. It comes as Westpac announced last year that it was reviewing its business units and appointed Yetton to lead the ...

Macquarie acquires US wealth manager

ANNABELLE DICKSON  |  THURSDAY, 3 DEC 2020
... plus excess net assets and enter into a long-term partnership. The second transaction will see Macquarie as one of LPL's top-tier strategic asset management partners and is expected to increase Macquarie Asset Management's AUM to over A$650 billion. ...

End of the road for advice qualifications

JAMIE WILLIAMSON  |  TUESDAY, 24 NOV 2020
... deregistered the FNS50615 Diploma of Financial Planning, FNS60415 Advanced Diploma of Financial Planning and a further three Tier 1 personal advice units of competency in financial planning, margin lending and superannuation. According to Rainmaker analysis ...

Vanguard, Fidelity, BetaShares rank low on ESG: Report

ELIZABETH MCARTHUR  |  MONDAY, 23 NOV 2020
... third-party vendors and collaborate with the asset-class analysts to assign companies ESG ratings that take the form of a six-tier, alphabetical, sector-relative scale." Editor's note: This story has been updated to clarify that the information presented ...

APRA reduces CBA capital requirement

ANNABELLE DICKSON  |  FRIDAY, 20 NOV 2020
... concerns. The $1 billion capital add-on has been halved to $500 million with immediate effect and increases CBA's common equity tier one capital by 17 basis points. APRA imposed the additional capital requirement on the bank in May 2018 as part of its ...

Asset managers want action on modern-day slavery

KARREN VERGARA  |  THURSDAY, 12 NOV 2020
... coalition is urging companies to action, like conduct a detailed risk-based mapping exercise of their supply beyond first-tier suppliers, build strong relationships with suppliers by consolidating supply chains, and price goods and services in a way ...

CBA feels pressure of low rates, profits down

ANNABELLE DICKSON  |  WEDNESDAY, 11 NOV 2020
... 46,000 loans totalling $19 billion in deferral, down from 125,000 totalling $49 billion in June. The bank's common equity tier one ratio increased 20 basis points to 11.8% after the $1.7 billion payment in final dividends to shareholders. Comyn said ...