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

Search Results

Showing 141 - 150 of 482 results for "Australian Bank"

Independent expert awaits bank remuneration guidelines

ALEX BURKE  |  FRIDAY, 19 JAN 2018
The independent governance expert appointed by the Australian Bankers' Association to review its consumer protection reforms, Ian McPhee, voiced his disappointment that not all participating banks have published their "overarching principles on remuneration ...

Retailers should be wary of Amazon: Poll

KARREN VERGARA  |  MONDAY, 4 DEC 2017
The majority of people polled in Financial Standard's weekly survey believe the launch of Amazon Marketplace in Australia has potentially dire consequences for local retailers. One-in-four (25%) respondents strongly agree the e-commerce giant will negatively ...

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 ...

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 ...

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 ...