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Showing 1611 - 1620 of 7383 results for "Consumer"

Further board changes at Clime

ELIZA BAVIN  |  TUESDAY, 20 OCT 2020
... positions with UBS and Citibank. "Mr Beaumont has extensive experience in financial markets, public-private partnerships and consumer fintech lending," the board said. Spork is currently a director of Clime Capital, PM Capital Global Opportunities Fund ...

Chief economist update: Middle Kingdom on top

BENJAMIN ONG  |  TUESDAY, 20 OCT 2020
China's cruel to be kind policy continues to pay dividends. Criticised and condemned they may be, but the swift and continued improvement in the economy prove that the Politburo's draconian restriction and lockdown measures implemented at the ...

NAB to pay $15m for Royal Commission case study

ELIZABETH MCARTHUR  |  MONDAY, 19 OCT 2020
... introducers, as revealed at the Royal Commission. ASIC brought proceedings against NAB for contravening the National Consumer Credit Protection Act, which prohibits credit licensees from conducting business with persons engaging in credit activity without ...

Derivatives issuer cops $75m penalty

ELIZA BAVIN  |  MONDAY, 19 OCT 2020
The Federal Court has imposed a $75 million penalty on OTC derivative issuer AGM Markets and former authorised representatives OT Markets and Ozifin. AGM was ordered to pay $35 million, while OTM and Ozfin have each been ordered to pay $20 million. ...

Chief economist update: COVID-19 returns to Europe with a vengeance

BENJAMIN ONG  |  MONDAY, 19 OCT 2020
... service sector posted its biggest contraction (47.6) since May (30.5) as, according to Markit Economics, "face-to-face consumer businesses in particular have been hit by intensifying virus concerns". At its September meeting, the European Central Bank ...

BT cuts Wealth Connect

ALLY SELBY  |  FRIDAY, 16 OCT 2020
... restructure was part of a wider strategy to maintain pace with the rapidly evolving nature of providing advice and changing consumer behaviours. In September 2018, BTFG announced it was reviewing its business model for financial advice and would be scrapping ...

Man arrested over investment scam

ANNABELLE DICKSON  |  FRIDAY, 16 OCT 2020
An investigation by the Australian Securities and Investments Commission has culminated in an arrest over a suspected investment scam. The 42-year-old Melbourne man was arrested following a joint investigation by ASIC and Victoria Police E-Crime Squad ...

Chief economist update: Money buys happiness

BENJAMIN ONG  |  THURSDAY, 15 OCT 2020
Happy consumer makes the economy grow stronger. The result of the latest Westpac-Melbourne Institute consumer sentiment survey disproves the aged-old adage that "money doesn't buy happiness". Australian consumer sentiment surged by 11.9% to a reading ...

ASIC reviewing risk advice, pushes for scaled advice

ANNABELLE DICKSON  |  WEDNESDAY, 14 OCT 2020
... Furthermore, ASIC is urging financial advisers to make financial advice more accessible, affordable and 'bite-sized' to meet consumer demand. The regulator will be releasing a consultation paper later in the year to understand the impediments advisers ...

Chief economist update: Get shorty

BENJAMIN ONG  |  TUESDAY, 13 OCT 2020
... monetary policy by not following Western economies by undertaking a large-scale monetary loosening, but will instead look to consumer price stability and exchange rates to help the economy recover. Instead, the PBOC will maintain reasonable liquidity ...