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

Search Results

Showing 1501 - 1510 of 6454 results for "Fed"

Former Wells Fargo chief banned for life

ALLY SELBY  |  FRIDAY, 24 JAN 2020
Former Wells Fargo chief executive John Stumpf has been banned from the banking industry and will cough up US$17.5 million for his role in the fake accounts scandal that has continued to rock the world's fourth largest bank since 2016. The Office of ...

Aussie stocks burnt in blaze

ALLY SELBY  |  THURSDAY, 23 JAN 2020
As Australia burns, so too does the bottom line of our listed companies, with real implications for our retail, insurance, agriculture and transport sectors. The Australian economy is also not without risk, with many economists predicting that the bushfire ...

Class action accuses NAB of super rip-off

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 JAN 2020
Maurice Blackburn Lawyers today filed a class action on behalf of more than 330,000 National Australia Bank superannuation customers. The action relates to MasterKey Business Super and Personal Super account holders and accuses NAB of breaching its ...

Chief economist update: More from Morrison

BENJAMIN ONG  |  TUESDAY, 21 JAN 2020
"Getting small businesses back on their feet is critical. We want to ensure the right support is in place for small businesses as they get past the initial recovery phase of this unprecedented bushfire crisis..." These were Australian Prime Minister ...

Fraudster dyed hair, grew beard to evade regulator

ELIZABETH MCARTHUR  |  MONDAY, 20 JAN 2020
A man who was jailed over a hedge fund collapse dyed his hair and grew a beard in an attempt to go unrecognised as he launched a new bitcoin scheme. The US Securities and Exchange Commission charged Boaz Manor last week with raising over US $30 million ...

Mayfair fights for use of word

ELIZA BAVIN  |  MONDAY, 20 JAN 2020
Mayfair 101 is defending a lawsuit over the right to use the word 'platinum', filing a cross claim against Platinum Asset Management, hoping to revoke the word 'platinum' from the trademark register. Mayfair is arguing that the word is a laudatory and ...

Chief economist update: Bushfires singe growth, surplus predictions

BENJAMIN ONG  |  WEDNESDAY, 15 JAN 2020
In between coughs on this smokey, hazy summer's day in Melbourne - yes, the bushfires are still raging and I can smell and taste the smoke as I write - two headlines caught my attention this morning. The first one is from Reuters (14 January 2020) ...

NAB revamps superannuation trustee board

KANIKA SOOD  |  TUESDAY, 14 JAN 2020
NULIS Nominees has added a former Vanguard Australia director and three other non-executive directors to its board, as ASIC chases it in Federal Court. NULIS, which oversees NAB's superannuation funds with $75 billion in assets under management ...

Fixed income ETFs prosper despite low rates

HARRISON WORLEY  |  TUESDAY, 14 JAN 2020
Latest research shows record low interest rates haven't put investors off fixed income, as Australia's ETF market continues to explode. According to new figures released by the Australian Securities Exchange and Vanguard, investors are doubling ...

US private investment firm appoints first Aussie partner

ALLY SELBY  |  TUESDAY, 14 JAN 2020
A Boston-based private investment firm has appointed its first Australian partner to lead its operations down under. Former Olympic diver Mike Murphy has been promoted to partner at Bain Capital, after five years with the firm. Prior to the promotion ...