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Showing 1601 - 1610 of 5948 results for "Banks"

Wealth begins its blockchain reaction

DARREN SNYDER  |  MONDAY, 7 AUG 2017
... Commonwealth Bank and Wells Fargo embarked on the first blockchain-based global trade transaction between two commercial banks. The transaction involved a shipment of 88 cotton bales from Texas to Qingdao, China using a distributed ledger known as Skuchain's ...

Aussie banks cleared of Wells Fargo-type conduct

EMMA RAPAPORT  |  WEDNESDAY, 2 AUG 2017
The corporate regulator has cleared eight Australian banks of any systemic misconduct involving illegal opening of accounts as seen at international firm Wells Fargo. The audits, undertaken by ASIC in December 2016 of the big four plus BOQ, Citibank ...

Financial services ripe for mergers and acquisitions

JAMIE WILLIAMSON  |  TUESDAY, 1 AUG 2017
... their wealth management businesses. "We also see potential for an increase in demerger transactions, particularly as the banks seek to demerge their wealth management and insurance operations, in part, due to allegations of misconduct," the report reads. ...

Powered by low-flation

BENJAMIN ONG  |  MONDAY, 31 JUL 2017
... dollar. Okay, okay. These still all relate to economic growth past. Low inflation - that current bugbear of many world central banks - if it stays low, should continue to underpin consumer spending. The implicit price deflator for personal consumption ...

In-house investment bears fruit for AustralianSuper

DARREN SNYDER  |  FRIDAY, 28 JUL 2017
... couple of them. We're also finding that corporates are approaching us directly. This didn't exist previously." He added banks are approaching the fund too and asking for assistance where corporate credit extends beyond three to five years. The fund's ...

Grant Thornton appoints private wealth head

JAMIE WILLIAMSON  |  FRIDAY, 28 JUL 2017
... Draydon brings with him more than 18 years' experience in financial services, across multi-family offices and investment banks such as Merrill Lynch and Goldman Sachs JB Were. "Our business operations centre around our clients' growth, so naturally we ...

Cheaper imports

BENJAMIN ONG  |  FRIDAY, 28 JUL 2017
... aren't "generating more upward pressure on wages." "The persistent slow growth in wages is creating a challenge for central banks. It is contributing to an extended period of inflation below target," he said. However, Lowe is optimistic: "The more likely ...

Warne flags executive reshuffle at Macquarie AGM

ALEX BURKE  |  THURSDAY, 27 JUL 2017
... 34% to 41%. "The new tax will have a disproportionately higher impact on Macquarie Bank compared to the major Australian banks given our business mix is more heavily weighted towards wholesale and international business."

Labor unyielding on banking Royal Commission

KARREN VERGARA  |  WEDNESDAY, 26 JUL 2017
... proposed banking Royal Commission - also known as the financial services Royal Commission - will not just scrutinise the banks. The Royal Commission would have the terms of reference to deal with the entirety of the financial services sector - it would ...

Exposing the hidden risks of cash

ALEX BURKE  |  WEDNESDAY, 26 JUL 2017
... added, investors need to be aware of systemic risks in the Australian market: real estate currently trades on a 65x P/E, banks derive a substantial amount of profit from real estate debt and 60% of Australian direct shares are in the big four banks. ...