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Showing 171 - 180 of 478 results for "Australian Bank"

Treasury responds to ABA derision over bank levy

JAMIE WILLIAMSON  |  WEDNESDAY, 17 MAY 2017
Secretary to the Treasury has shot down claims from the Australian Bankers' Association that the proposed bank levy disregards Government best practice guidelines. In a submission to Treasury lodged on Monday, ABA chief executive Anna Bligh claimed ...

Advice associations respond to Federal Budget

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAY 2017
In the wake of new Budget measures to ease pressures on housing affordability, the Financial Planning Association of Australia reinforced its stance that superannuation should not be made accessible to first home buyers. Under proposals made in the ...

Major banks receive Budget shakeup

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2017
The major banks will be slugged $6.2 billion via a new levy to level the playing field for the banking sector. "This represents a fair additional contribution from our major banks and will assist with budget repair by at least $1.5 billion per year," ...

Bankers told to spread positive message

DARREN SNYDER  |  MONDAY, 24 APR 2017
Twelve months in to its public commitment to place more focus on protecting consumer interests, the banking industry still needs to persuade the community that change is being made. On Friday independent governance expert Ian McPhee delivered his fourth ...

Smarter Money funds get Lonsec tick

ALEX BURKE  |  THURSDAY, 20 APR 2017
... culture." SMAC targets cash and fixed income returns of one to 2% above the RBA cash rate after fees. It invests in Australian bank deposits and investment-grade floating-rate notes. Over the past five years the fund has delivered an excess return of ...

Banks must overhaul product-based incentives

KARREN VERGARA  |  WEDNESDAY, 19 APR 2017
Retail banking practices don't carry "significant systemic risks" that deliver poor customer outcomes, an independent review has found. Some current practices however, are promoting unacceptable behaviours inconsistent with good customer outcomes and ...

Open data carries privacy risk: ABA

KARREN VERGARA  |  TUESDAY, 18 APR 2017
Open data used by banks and fintechs to innovate and cross-sell products must be underpinned by robust regulation that protects the consumers, otherwise they risk major privacy breaches, according to the Australian Bankers' Association. Educating customers ...

Banking scrutiny to escalate: ABA

KARREN VERGARA  |  THURSDAY, 6 APR 2017
The Australian Bankers' Association's new chief executive warned banks that the unprecedented level of pressure and scrutiny, and rate of change they are facing will only escalate and shouldn't be underestimated. Three days into her new role, former ...

ANZ trials voice biometrics

EMMA RAPAPORT  |  TUESDAY, 4 APR 2017
ANZ will be the first Australian bank to introduce voice biometrics for higher value transactions on mobile devices. From the middle of this year, customers transferring more than $1000 through ANZ's mobile apps will be able to use their voice to automatically ...

BT and Asgard add bond fund

ALEX BURKE  |  TUESDAY, 4 APR 2017
... investors' portfolios, such as negatively geared property, hybrids, corporate bonds, term deposits (bank risk) and Australian Bank shares. " "In this regard, JCB's active high grade bond strategy, with an average AAA rating, becomes a sensible option ...