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Showing 1501 - 1510 of 6177 results for "Statement"

Former Wells Fargo chief banned for life

ALLY SELBY  |  FRIDAY, 24 JAN 2020
... millions of bank customers and thousands of lower level bank employees," the head of the OCC Joseph Otting said in a statement. "The actions announced by the OCC today reinforce the agency's expectations that management and employees of national banks ...

CIMIC in $1.8b writedown

ELIZA BAVIN  |  FRIDAY, 24 JAN 2020
The country's largest construction company has reported a loss of $1.8 billion, blaming tough market conditions in the Middle East. CIMIC announced the writedown in a submission on the ASX saying the decision to exit the Middle East market came after ...

Chief economist update: Strength in jobs downs RBA rate cut expectations

BENJAMIN ONG  |  FRIDAY, 24 JAN 2020
... part time jobs appear to have hit bottom and are starting to accelerate. It gives credence to RBA governor Lowe's statement that "the Australian economy appears to have reached a gentle turning point". Another gentle nudge (or two) from the RBA ...

Statewide dumps executives

HARRISON WORLEY  |  THURSDAY, 23 JAN 2020
... day, for failure to obey internal controls. "Immediate action was taken - appropriate regulators were informed and a statement was released on our website," an updated statement read on Thursday afternoon. The fund confirmed internal investigations are ...

Super fund adds first operations lead

JAMIE WILLIAMSON  |  THURSDAY, 23 JAN 2020
... manager at Superpartners. Leach has now joined Vision Super in the newly created role of general manager, operations. In a statement to Financial Standard, Vision Super chief executive Stephen Rowe said he was delighted with the new hire. "As Vision ...

Government opens BEAR extension consultation

HARRISON WORLEY  |  THURSDAY, 23 JAN 2020
... regime will impose accountability and key personnel obligations on financial entities, as well as accountability maps and statement obligations, notification obligations, and deferred remuneration obligations. In its proposal paper, the government said ...

Westpac appoints new chair

ELIZA BAVIN  |  THURSDAY, 23 JAN 2020
... be invaluable to Westpac as the organisation executes its strategy and implements its response plan for the AUSTRAC statement of claim," Maxsted said. The appointment comes after AUSTRAC launched legal proceedings against the bank, alleged 23 million ...

Preqin opens Australian office

KANIKA SOOD  |  WEDNESDAY, 22 JAN 2020
... head of APAC sales. "We are pleased to announce the forthcoming launch of our Sydney office," Narang said in an emailed statement. "Having a presence on the ground in Australia will put us closer to our clients and allow us to accelerate expansion in ...

AMP remediation processes questionable

JAMIE WILLIAMSON  |  TUESDAY, 21 JAN 2020
... and 2.8% respectively. The development comes just weeks out from AMP's full-year results, due February 13. In a statement to Financial Standard, Super Consumers Australia director Xavier O'Halloran said AMP would have been much better off notifying ...

New super fund targets millennials

ELIZABETH MCARTHUR  |  TUESDAY, 21 JAN 2020
... Management and Alphinity. Aracon Superannuation is the trustee. Rainmaker analysis of the Elevate product disclosure statement indicated product fees and total expense ratio are above the Rainmaker benchmark of 1.19% on a $50,000 balance for a personal ...