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Showing 181 - 190 of 499 results for "Bank SA"

NAB sells Asian private wealth arm

KARREN VERGARA  |  FRIDAY, 12 MAY 2017
National Australia Bank is divesting its private wealth business in Singapore and Hong Kong to Oversea-Chinese Banking Corporation in a move that will simplify its Asian operations. The sale of its high-net-worth division entitles OCBC Bank to about ...

Strong quarter for CBA

KARREN VERGARA  |  TUESDAY, 9 MAY 2017
The Commonwealth Bank of Australia reported a strong quarterly performance, according to a trading update released to the ASX. Assets under management rose by 6%, while funds under administration increased by 7% in the three months to March compared ...

BTFG drags Westpac performance

KARREN VERGARA  |  MONDAY, 8 MAY 2017
Westpac's wealth and insurance arm BT Financial Group delivered mixed results for the bank, financial reports released to the ASX show. Every division, with the exception of BTFG "performed solidly" in the six months to March, the bank said. Chief executive ...

NAB Wealth growth steady

KARREN VERGARA  |  THURSDAY, 4 MAY 2017
National Australia Bank's wealth business reported modest growth in the half year to March, while finalising the sale of its life insurance business contributed significantly to the group's bottom line. NAB does not split out its consumer banking and ...

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 ...

CBA reviews part-time staff earnings

JAMIE WILLIAMSON  |  FRIDAY, 3 MAR 2017
The Commonwealth Bank will review its payments to part-time employees over the past eight years to determine if any are owed unpaid superannuation entitlements. Last week the Finance Sector Union claimed CBA failed to pay part-time staff members the ...

Bendigo targets ethically conscious investors

EMMA RAPAPORT  |  MONDAY, 6 FEB 2017
The wealth division of Bendigo and Adelaide Bank is targeting younger investors with the launch of a socially responsible growth fund. The bank said the fund will be offered as both a standalone fund for investors and as a choice in its Bendigo SmartStart ...

CommInsure update champions progress

KERRIE SYDEE  |  WEDNESDAY, 9 NOV 2016
In its latest update to the industry CommInsure is assuring good progress has been made on the independent reviews of declined retail advice and group life insurance claims. Citing concerns raised by media coverage in early 2016, the Commonwealth Bank ...

Perpetual appoints distribution GM

ALEX BURKE  |  FRIDAY, 14 OCT 2016
Perpetual Investments has appointed a new general manager of distribution. Matt Thompson was previously Perpetual Investments' head of wholesale business, having joined Perpetual in 2012. Prior to that, he was head of national accounts and research ...

ING DIRECT pays up for "no fees" super marketing

MARK SMITH  |  WEDNESDAY, 7 SEP 2016
ING DIRECT is returning a total of $5 million to members of its superannuation fund, Living Super, and will no longer promote the product as having "no fee" after the financial services regulator raised concerns about how fees on its cash option were ...