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Showing 1531 - 1540 of 5948 results for "Banks"

HSBC cops historic fine for Lehman-linked failures

JAMIE WILLIAMSON  |  WEDNESDAY, 22 NOV 2017
... "The message should be clear: our standards are designed to protect all investors including clients of retail or private banks. When breaches of these standards occur, the SFC will take action to enforce them and strive to achieve outcomes that are in ...

ASIC recoups $40m from NAB and ANZ

ALEX BURKE  |  TUESDAY, 21 NOV 2017
NAB and ANZ will pay ASIC $20 million each to cover investigation costs over the banks' participation in the setting of the bank bill swap rate (BBSW). On November 10, the Federal Court ruled that both banks had attempted to engage in "unconscionable ...

RG97 to shine a light on passive strategies: Aberdeen Standard

ALEX BURKE  |  MONDAY, 20 NOV 2017
... Australia Brett Jollie - discussed the pressures active managers are under with regards to fees. They noted that many UK banks now have to come in with an all-inclusive flat fee expectation, regardless of the net return a given manager might be able ...

Netwealth lists on ASX

JAMIE WILLIAMSON, MICHELLE BALTAZAR  |  MONDAY, 20 NOV 2017
... harder, much longer than what we thought it would be but the outcome today as we stand here is unbelievable." "We took on the banks and the big end of town and while we were small, we're giving them a real run for their money and are committed to keep ...

ARCO Investment Management launches new strategy

JAMIE WILLIAMSON  |  MONDAY, 20 NOV 2017
... continue to underpin relatively expensive equity valuations, but this trade is now very long in the tooth. Offshore central banks seem keen to lift rates and tighten liquidity, which may well increase equity market volatility," ARCO co-founder and co-portfolio ...

Advice the face of wealth management evolution

DARREN SNYDER  |  THURSDAY, 16 NOV 2017
... don't want to risk other people trying to manage their advised clients through non-independent models. Clifford added US banks were likely to keep their wealth management arms because the post-GFC period has provided regulatory change which has kept ...

Major banks overlooking elder abuse

KARREN VERGARA  |  TUESDAY, 14 NOV 2017
The Australian Bankers Association and the four major banks aren't doing enough to prevent elder financial abuse, particularly within branches where they are most vulnerable, an advocate group said. Michael Riley, chief executive of not-for-profit organisation ...

Less liquidity to lessen risk

BENJAMIN ONG  |  TUESDAY, 14 NOV 2017
... previous month. With the reduce liquidity in the economy comes a reduction in lending. New yuan loans provided by China's banks dropped to CNY663.2 billion in October from CNY1,116.0 billion in the previous month - the lowest level since October last ...

The next generation of bancassurance

JAMIE WILLIAMSON  |  MONDAY, 13 NOV 2017
One may think the continuing trend of banks offloading their insurance and wealth management businesses signals the end of the bancassurance model but there is life in it yet, according to IOOF's Renato Mota. In a recent blog post Mota said the traditional ...

Morrison backs customer-owned banking reforms

KARREN VERGARA  |  FRIDAY, 10 NOV 2017
... financial services. The Hammond Review found a widespread lack of recognition and understanding of co-operatives, customer-owned banks and mutuals, which contributed to the sector's significant barriers to growth and access to capital to invest, innovate ...