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Showing 141 - 150 of 478 results for "Australian Bank"

Wealth, insurance arms hit banks' earnings

KARREN VERGARA  |  TUESDAY, 7 NOV 2017
The wealth management and insurance businesses continued to squeeze the margins of the four major banks in the full year to 2017, separate reports from EY and KPMG have found. A KPMG analysis of the major Australian banks' performance shows the insurance ...

ANZ Wealth drags group's earnings

KARREN VERGARA  |  THURSDAY, 26 OCT 2017
... ANZ also noted that it reached a confidential and in-principle agreement to settle court action relating to the Australian bank bill swap rate market with ASIC, but the financial impact was not covered in the results. The group reported a cash profit ...

Fintech regulatory sandbox draft legislation released

KARREN VERGARA  |  WEDNESDAY, 25 OCT 2017
The Federal Government has released regulatory sandbox draft legislation in an effort to allow fintechs to test financial services and products without the burden of an AFSL. Treasurer Scott Morrison said the proposed legislative package supports the ...

ANZ and ASIC settle over BBSW case

DARREN SNYDER  |  MONDAY, 23 OCT 2017
... Investments Commission have reached a confidential and in-principle agreement to settle court action relating to the Australian bank bill swap rate market. This morning ASIC asked the Federal Court to stand down an impending trial for 48 hours. It will ...

UniSuper builds equities team

KARREN VERGARA  |  THURSDAY, 19 OCT 2017
UniSuper named two senior hires to help bolster its in-house investment management capabilities. Matt Spence, who joins the super fund as a senior analyst for infrastructure, was formally the head of infrastructure, utilities and transport research ...

ABA announces new chair

JAMIE WILLIAMSON  |  TUESDAY, 17 OCT 2017
The successor to NAB's Andrew Thorburn as chair of the Australian Bankers' Association has been named. The association has put forward ANZ chief executive Shayne Elliott, and ABA chief executive Anna Bligh said Elliott will bring considerable energy ...

Actuaries Institute chief resigns

ALEX BURKE  |  WEDNESDAY, 11 OCT 2017
The chief executive of the Actuaries Institute resigned from his position and will leave at the end of the calendar year. David Bell joined the Actuaries Institute in 2014, replacing outgoing chief executive Melinda Howes. He was previously group managing ...

Interim chief executive leaves listed advice firm

JAMIE WILLIAMSON  |  FRIDAY, 6 OCT 2017
... of its direct-to-consumer fintech platform, MyMoney247. The platform will enable consumers to link hundreds of Australian bank, brokerage and investment accounts, as well as retail and industry super funds, and an up-to-date, user-friendly dashboard ...

Lack of expertise driving down competition: APRA

ALEX BURKE  |  MONDAY, 18 SEP 2017
In its submission to the Productivity Commission, APRA called out a lack of expertise and systems capabilities as hindering competition in the Australian financial sector. Noting the high levels of concentration in many financial industry sectors, measured ...

CBA commits to bond-structured climate change solutions

EMMA RAPAPORT  |  WEDNESDAY, 30 AUG 2017
... domestic climate bonds." In March, Commonwealth Bank issued the largest Australian dollar climate bond from an Australian bank at $650 million. The bond was backed by more than $1 billion of Australian renewable energy and low carbon assets including ...