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Showing 151 - 160 of 608 results for "Big Four"

Banks to answer for Hayne report

JAMIE WILLIAMSON  |  MONDAY, 8 OCT 2018
The chief executives of Australia's big four banks will head to Canberra to face questioning over the findings published in Commissioner Kenneth Hayne's interim report. The House of Representatives Standing Committee on Economics will commence its next ...

AMP, banks respond to RC interim report

HARRISON WORLEY  |  FRIDAY, 28 SEP 2018
AMP and Australia's big four banks have responded to the Royal Commission's interim report on misconduct in the financial services sector. The report, released on Friday, was scathing in its review of Australia's major players in financial services. ...

Future Fund delivers 9.3%, increases risk moderately

KANIKA SOOD  |  WEDNESDAY, 29 AUG 2018
... understand it, if any change occurs, it will not apply to the Future Funds or the industry funds." He said he expects the big four banks to raise rates out of the cycle, as their overseas funding costs rise. Several smaller banks, including Bendigo and ...

HUB24 lifts targets

KANIKA SOOD  |  MONDAY, 20 AUG 2018
... expectations last year," it said. The platform provider said it expects departures of insto-aligned advisers from the big four, AMP and IOOF. "We expect the key impacts of Royal Commission will represent an acceleration of existing forces at play on ...

Frequent traders re-evaluate broking landscape

DARREN SNYDER  |  THURSDAY, 16 AUG 2018
... investors (both frequent and infrequent) moved to another online broker in the period. "The improved retention efforts of the big four brokers - CommSec, ANZ, Westpac and nabtrade - has kept switching to a minimum," Guiamatsia said. The number of Australian ...

Fees for no service remediation passes $250 million

DARREN SNYDER  |  WEDNESDAY, 8 AUG 2018
Financial institutions outside the big four banks and AMP have been integrated into ASIC's fees for no service remediation programs, with total provisions likely to exceed $850 million. Updating the financial services industry and consumers on its oversight ...

ASIC staff to investigate institutions from the inside

JAMIE WILLIAMSON  |  TUESDAY, 7 AUG 2018
... enforcement powers via funding from the Federal Government, a sizeable chunk of which will be used to embed staff within the big four banks and AMP. The Federal Government announced it is injecting a further $70.1 million into ASIC to ensure it is well ...

KPMG acquires customer experience fintech

HARRISON WORLEY  |  MONDAY, 30 JUL 2018
... AMP as one of its key projects. KPMG acquired U Don't Know Us (UDKU), a customer experience innovator set to expand the big four consulting firm's customer, brand and marketing advisory (CBMA) offering. UDKU which aims to help clients "embrace the unknown". ...

Airlie backs financials but wary on banks

DARREN SNYDER  |  THURSDAY, 26 JUL 2018
... Management and its first pitch to retail investors includes an investment thesis which currently excludes three of the big four banks from its concentrated Australian share portfolio. Magellan's acquisition of Airlie Funds Management allowed the ...

Bank customer trust plummets: Research

KARREN VERGARA  |  TUESDAY, 26 JUN 2018
... Customer Owned Banking Association (COBA) found less than half (47%) of the 1000 participants it canvassed trust the big four banks. Australians are more likely to trust building societies (15%), mutual banks (17%) and credit unions (18%), it said. COBA ...