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Showing 1661 - 1670 of 5948 results for "Banks"

Big banks pay $60m in advice refunds

ALEX BURKE  |  MONDAY, 22 MAY 2017
AMP, ANZ, CBA, NAB and Westpac have to-date repaid $60 million out of an estimated $204 million for charging clients for financial advice that was not provided. This news follows the October 2016 release of ASIC's report into the advice businesses of ...

Ignition Wealth secures BT Panorama deal

JAMIE WILLIAMSON  |  MONDAY, 22 MAY 2017
... The deal has been hallmarked as "the largest fintech deal in Australia to date." It also marks the first of the big four banks to appoint an independent technology provider to power digital financial advice divisions, Ignition Wealth said. Ignition's ...

Senior executives sworn to secrecy over bank levy

JAMIE WILLIAMSON  |  THURSDAY, 18 MAY 2017
The five major banks are banned from consulting with their boards, customers or shareholders prior to the implementation of legislation around the new bank levy. In what the Australian Bankers' Association has labelled an extraordinary move, the Federal ...

SMSFs in rebalancing flurry

KARREN VERGARA  |  THURSDAY, 18 MAY 2017
... system," it said. During the period, average contributions inched 7% from $8548 to $9138. The report also found the big four banks dominated SMSFs' largest holdings, with the Commonwealth Bank topping the list, followed by Westpac, ANZ and NAB. Telstra ...

Worried parents prefer banks over stocks: Stockspot

EMMA RAPAPORT  |  WEDNESDAY, 17 MAY 2017
Parents who are worried about housing affordability and their children's financial futures are choosing bank accounts over share investment portfolios as the preferred savings vehicle. A Stockspot report found 85% of parents worry their children will ...

Latin America on institutional investment radar

DARREN SNYDER  |  WEDNESDAY, 17 MAY 2017
... said Chile is the biggest producer of copper in the region and the manager also like's the countries financial stocks and banks. Peru's materials, semi-agricultural and infrastructure companies are also of high interest. Both countries' main trading ...

Treasury responds to ABA derision over bank levy

JAMIE WILLIAMSON  |  WEDNESDAY, 17 MAY 2017
... Australians. "Further Treasury analysis is imperative, including on the modelling of the economic impacts of the tax, and banks should be given at least four weeks to respond to the Treasury analysis, the draft legislation and explanatory memorandum," ...

Banks hoping to stall new tax

JAMIE WILLIAMSON  |  TUESDAY, 16 MAY 2017
Two of the big four banks have called for the Government to hold off on implementing the proposed levy announced in last week's Federal Budget. In submissions to Treasury, both ANZ and Commonwealth Bank identify significant risks to Australia's economic ...

Housing is cooling

BENJAMIN ONG  |  TUESDAY, 16 MAY 2017
... Regulations Authority's (APRA) macro-prudential restrictions start flowing through into the property market and previous moves by banks lifting mortgage rates. These, along with additional restrictions on the property market announced in the 9 May Budget ...

Asia leads growing green bond market

DARREN SNYDER  |  FRIDAY, 12 MAY 2017
... the asset class is becoming more geographically diverse. Fitch said growth in Asia was mainly driven by Chinese and Indian banks. Fitch's head of credit market research Monica Insoll said these bonds are often developed in hard currency in order to attract ...