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Showing 141 - 150 of 424 results for "Big four banks"

ABA denies precedent for matching RBA cash rates

ALEX BURKE  |  FRIDAY, 5 AUG 2016
... they have not done so." Subsequently, Turnbull and Treasurer Scott Morrison proposed an annual meeting with the big four banks at a House of Representatives standing committee on economics where the institutions would, in Turnbull's words, "give a full ...

ASIC to run rule over mortgage commissions

MARK SMITH  |  THURSDAY, 26 MAY 2016
... Securities and Investments Commission (ASIC). According to reports, the regulator will over the next fortnight ask the big four banks and eight other lenders to provide details on the various payments they make to brokers in a bid to assess how they ...

Super fund appetite for property funding up

MARK SMITH  |  MONDAY, 7 DEC 2015
Australian superannuation funds are stepping in to fill a funding gap for property development left by the big four banks' increased capital requirements, according to a specialist capital provider. Real estate investment management firm Qualitas, which ...

Banks face wealth management challenges

DARREN SNYDER  |  TUESDAY, 3 NOV 2015
The big four banks' wealth businesses benefitted from a lower Australian dollar and a strong performance in investment markets for most of the year but generating acceptable return on equity (ROE) remains a challenge. Presenting EY's analysis of Australian ...

NAB to offer mFund trading

LAURA MILLAN  |  THURSDAY, 22 OCT 2015
National Australia Bank (NAB) is the first of the big four banks to offer ASX's mFund Settlement Service. Clients of NAB Asset Management, nabtrade and NAB Asset Servicing (NAS) will be able to trade mFunds at the end of the year. The announcement came ...

WBC rate lift pressures RBA rate cut

BENJAMIN ONG  |  THURSDAY, 15 OCT 2015
... achieve by cutting rates again." Well, the RBA cut rates again the month after Saul's comment. But three of the big four banks - CBA, NAB and WBC - pocketed a bit of the RBA's 25 basis point reduction back in May, reducing mortgage rates by only between ...

CFAs told ASIC is for the consumer

DARREN SNYDER  |  WEDNESDAY, 14 OCT 2015
... chairman Greg Medcraft said the regulator has a significant number of individual surveillances underway at the big four banks, Macquarie and AMP. Speaking at the Chartered Financial Analyst (CFA) Australian Investment Conference in Sydney yesterday ...

ISA calls out banks over fee structures

DARREN SNYDER  |  MONDAY, 12 OCT 2015
Australia's big four banks collect one third of all fees paid to superannuation funds totaling about $10 billion, according to research from Rainmaker Information commissioned by Industry Super Australia. The study found that the super industry drew ...

Super funds under growing global pressure to divest

LAURA MILLAN  |  THURSDAY, 24 SEP 2015
... significantly grown its presence in Australia over the last year and is actively targeting super funds and the big four banks. Campaigners have set up a website, Super Switch, where members can check their super fund's exposure to fossil fuels and switch ...

University investment portfolio includes tobacco and beer

DARREN SNYDER  |  THURSDAY, 10 SEP 2015
... by Nestle (1.79%). Alcohol company Diageo is 12th at 1.29%. Among the top six Australian shareholdings are the big four banks, Telstra and BHP Billiton. In June, Insync Funds Management chief investment officer Monik Kotecha advocated for Australians ...