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Showing 1601 - 1610 of 5860 results for "West"

ASIC recoups $40m from NAB and ANZ

ALEX BURKE  |  TUESDAY, 21 NOV 2017
NAB and ANZ will pay ASIC $20 million each to cover investigation costs over the banks' participation in the setting of the bank bill swap rate (BBSW). On November 10, the Federal Court ruled that both banks had attempted to engage in "unconscionable ...

Financial services industry welcomes 'Yes' result

EMMA RAPAPORT  |  WEDNESDAY, 15 NOV 2017
Leaders from across the financial services industry have welcomed the 'Yes' vote in favour of legalising same-sex marriage. Zurich, Vanguard, Westpac, Australian Ethical and CBA have all expressed delight at the result and affirmed their commitment ...

Australian business conditions gone gangbusters

BENJAMIN ONG  |  WEDNESDAY, 15 NOV 2017
Say what? "Business conditions hit an all new high in October, although leading indicators suggest the possibility of some pull-back in coming months. The business conditions index jumped by an impressive 7 points in October, to +21 index points, which ...

KPMG appoints wealth management strategy lead

EMMA RAPAPORT  |  TUESDAY, 14 NOV 2017
A former head of group strategy and planning at AustralianSuper is the latest addition to the KPMG asset and wealth management strategy team. Rohit Mendiratta, who led the development of a five-year strategy and strategic blueprint for the $120 billion ...

Westpac to welcome new chief risk officer

JAMIE WILLIAMSON  |  MONDAY, 13 NOV 2017
Westpac will farewell its current chief risk officer next year and has named the man to inherit the role. Alexandra Holcomb will retire in 2018 following 21 years at Westpac. For the past three years Holcomb served as chief risk officer and has also ...

Aussie fintech usage surges

KARREN VERGARA  |  FRIDAY, 10 NOV 2017
The rate Australia is adopting fintech services has almost tripled in the last 18 months, making it one of the top countries in the world with a sizable demand for new financial services technology. Australia's uptake rate (37%) sat above the global ...

BTIM delivers record profit despite fee pressure

ALEX BURKE  |  WEDNESDAY, 8 NOV 2017
BT Investment Management boosted its cash net profit after tax by 11% to $173.1 million, despite a 51% dip in performance fee earnings. The profit was mostly driven by strong net inflows of $4.7 billion; the boost in funds under management - up 14% ...

Banking body appoints chief executive

JAMIE WILLIAMSON  |  TUESDAY, 7 NOV 2017
The Customer Owned Banking Association named a former AMP Bank managing director as its new chief executive. Bringing more than 30 years' experience in financial services, Michael Lawrence will lead COBA from December 4, 2017. Lawrence led AMP Bank ...

Westpac Group results solid despite challenges

JAMIE WILLIAMSON  |  MONDAY, 6 NOV 2017
Westpac Group chief executive Brian Hartzer welcomed a solid full-year result for the group, driven in part by the $4 billion added to BT Financial Group's Panorama platform. Westpac reported a statutory net profit of $7.9 billion - up 7% year on year ...

Westpac sells $12bn asset manager

ALEX BURKE, DARREN SNYDER  |  MONDAY, 6 NOV 2017
Westpac has entered into an agreement with a UK firm to sell its infrastructure manager subsidiary. Subject to due diligence and regulatory approvals, Northill will acquire Hastings Funds Management. The terms of the agreement are currently confidential. ...