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Showing 161 - 170 of 478 results for "Australian Bank"

FoFA should also protect retail banking customers: FSU

KARREN VERGARA  |  THURSDAY, 29 JUN 2017
FoFA reforms protecting consumers against conflicting remuneration structures when purchasing wealth products should be broadened to retail banking consumers as well, according to the Finance Sector Union. Speaking at yesterday's Senate inquiry into ...

Finance braces for Amazon effect

EMMA RAPAPORT AND DARREN SNYDER  |  MONDAY, 26 JUN 2017
The arrival of Amazon Marketplace in Australia will disrupt several businesses and the financial services industry won't be immune to the online store's influence. Already sending shockwaves through local major retailers, Australian fintech Avoka believes ...

Currency and managing volatility: New Financial Standard spot poll

DARREN SNYDER  |  MONDAY, 19 JUN 2017
An overwhelming majority of respondents to the Financial Standard weekly poll are in support of the banks' crackdown on employee background checks. Last week the publication asked about the crackdown and 80% of respondents voted in favour of the move. ...

Broaden levy to foreign banks: Big four

KARREN VERGARA  |  MONDAY, 19 JUN 2017
... £20 billion) and will pay the bank profit surcharge (if taxable profits exceed £25 million). Together with the Australian bank levy, there is the risk of double taxation, it said. NAB estimates the levy will cost about $350 million annually, or $245 ...

Banks narrowly avoid parliamentary inquiry

EMMA RAPAPORT  |  FRIDAY, 16 JUN 2017
Australian banks have narrowly dodged the possibility of facing a Royal Commission-style inquiry after a Green's Bill to establish a Parliamentary Commission of Inquiry fell short by a single vote in the House of Representatives yesterday. The Bill ...

Advisers preparing ahead of professional standards: Spot poll

DARREN SNYDER  |  TUESDAY, 13 JUN 2017
Sixty per cent of financial advisers are already taking some course of action to address the incoming professional standards legislation in 2019. Last week the Financial Standard weekly readership survey asked 'As a financial adviser, what are you doing ...

Westpac to review history of new applicants

JAMIE WILLIAMSON  |  FRIDAY, 9 JUN 2017
Following yesterday's news of another former Westpac adviser being banned by ASIC, the bank has announced that anybody applying for a permanent role with the Westpac Group will now be subjected to a background check. Designed to identify any past instances ...

BetaShares launches defensive ETF

KARREN VERGARA  |  WEDNESDAY, 7 JUN 2017
... and exceed returns on cash and short-dated term deposits. Listed on the ASX with ticker code QPON, BetaShares' Australian Bank Senior Floating Rate Bond ETF currently yields 2.87% per annum (excluding fees). About 80% of investments are allocated to ...

Banking and Finance Oath secures strong conference program

DARREN SNYDER  |  MONDAY, 29 MAY 2017
The Banking and Finance Oath holds its inaugural conference in Sydney next week and it has secured an impressive lineup to drive the importance of trust and ethical foundations in financial services. Banking and Finance Oath executive Cris Parker said ...

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 ...