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Showing 1551 - 1560 of 4762 results for "Banking"

NAB to divest MLC

ALEX BURKE  |  THURSDAY, 3 MAY 2018
... service high-net-worth clients via JBWere, it is shedding the rest of its wealth operations so as to become "focused on core banking." NAB said options for the sale include a demerger or an initial public offering, and that it is targeting listing for ...

NAB to sell MLC

HARRISON WORLEY  |  THURSDAY, 3 MAY 2018
... sale of its MLC Advice, Platform and Superannuation and Asset Management businesses, as part of its plan to focus on core banking. The bank announced the decision as part of a strategy overview during its half-year results declaration. NAB said the decision ...

AMP becomes class action target

DARREN SNYDER  |  MONDAY, 30 APR 2018
... finance proposed class action proceedings against AMP in light of evidence at the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. The litigation funding group said it will fund class action proceedings ...

Industry fund adds chair, first female director

JAMIE WILLIAMSON  |  MONDAY, 30 APR 2018
... AMP's New Zealand business and served in many senior roles at ANZ, most notably as managing director of Australian retail banking and managing director of ANZ New Zealand. Between 2007 and 2012, Camm was chief executive of Superpartners which was acquired ...

Sixty per cent of FPA members hold degree

HARRISON WORLEY  |  MONDAY, 30 APR 2018
... across the planning industry as discovered during the second round hearings at the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. FPA chief executive Dante De Gori said member sentiment has led the FPA ...

Royal Commission bad for super: Switzer

ALEX BURKE, JAMIE WILLIAMSON  |  FRIDAY, 27 APR 2018
... had mixed feelings about the Commission, arguing that while he is "someone who has always questioned publicly why the banking ombudsman was so ineffectual for customers who thought they were hard done by," the media spectacle surrounding the hearings ...

Advisers react to Royal Commission revelations

JAMIE WILLIAMSON, KARREN VERGARA  |  FRIDAY, 27 APR 2018
... at WLM are shocked and disheartened by what is being revealed. How is it possible in this day and age? We welcome the Banking Royal Commission and hope the outcome will result in a better, more robust system for all Australians. In the meantime, we're ...

Financial planning must regroup and reform: Social Media

HARRISON WORLEY  |  FRIDAY, 27 APR 2018
Social media commentators have called for structural changes to the financial planning industry after the Royal Commission wrapped up its investigation into financial advice this week. After a fortnight of revelations during the Royal Commission's probe ...

Saxo Bank moves banking platform to cloud

KANIKA SOOD  |  FRIDAY, 27 APR 2018
... a strategic partnership with tech giant Microsoft, under which it will aim to run the technology stack for all of its banking products on Microsoft cloud. Founder and chief executive Kim Fournai said the move will help the bank spend more time on developing ...

ANU to recalibrate divestment policy

ALEX DUNNIN  |  FRIDAY, 27 APR 2018
... equities returns in 2017 were driven by outperformance of the energy and resources sectors and underperformance of the banking sector. The ANU Australian equities portfolio is 28% weighted to Australia's top four banks. Just 9% of the university's Long ...