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Showing 2051 - 2060 of 8418 results for "Big"

The state of the banks

ELIZABETH MCARTHUR  |  TUESDAY, 7 MAY 2019
The big accounting firms have released their analysis of the big banks' half year results, noting a continued decline in cash profits for the first half of 2019. The major Australian banks reported a combined cash profit after tax from continuing operations ...

Social infra to become core investment

ELIZABETH MCARTHUR  |  TUESDAY, 7 MAY 2019
... opens up significant opportunities for the private sector and for investors." He argued that Australia is "not seeing how big the social infrastructure sector can be." Currently, social infrastructure is considered an alternative, but de Vos is of the ...

ESG enthusiasm booms post-Royal Commission

ELIZABETH MCARTHUR  |  MONDAY, 6 MAY 2019
The Royal Commission may have pushed some businesses to prioritise environmental and ethical social governance (ESG), according to Perennial portfolio manager Damian Cottier. Perennial surveyed a series of listed companies, asking about their ESG priorities ...

Bravura raises $165m for GBST bid

KANIKA SOOD  |  FRIDAY, 3 MAY 2019
... administration services to life insurers, stock brokers, wealth management businesses and institutions. Its clients include the big four banks, Baillieu Holst, Bell Porter and Morgans. On April 12, Bravura bid $2.50 to acquire all of GBST's shares ...

Chief economist update: RBA May cut, May not

BENJAMIN ONG  |  FRIDAY, 3 MAY 2019
A funny thing happened along the way to the Reserve Bank of Australia's (RBA) scheduled monetary policy meeting on May 7 and ahead of the May 18 Federal Election. While the slowing momentum in Australia's economic and survey indicators, and ...

Industry funds announce $26bn joint venture

KANIKA SOOD  |  WEDNESDAY, 1 MAY 2019
... consolidation sweeps the industry. Fairley said the two funds expected significant savings for their members from the move. "Our big four adviser have advised us the savings will be $7 million to $10 million annually and because we are both profit-to-member ...

Westpac reveals Magnitude, Securitor adviser remediation

HARRISON WORLEY  |  WEDNESDAY, 1 MAY 2019
... approach to dealing with its potential advice remediation bill of $1.15 billion, noting in particular that Australia's big banks had taken too long to conduct further reviews into the fees-for-no-service issues.

Big banks forced to cut costs: Perennial Value

ELIZABETH MCARTHUR  |  WEDNESDAY, 1 MAY 2019
Despite a positive economic and regulatory outlook, Australia's big banks will look to cut costs as the fallout from the Royal Commission continues. That is the view of Perennial portfolio manager Andrew King, who said ongoing efforts to remediate customers ...

ME Bank adds new chair, directors

ELIZABETH MCARTHUR  |  TUESDAY, 30 APR 2019
... 30 years' experience in the digital, technology, banking and insurance industries. He was previously chief executive of One Big Switch, FiftyUp Club and Personal Insurance and chief information officer at Insurance Australia Group. Before that, held ...

Rush of advisers sign up before FASEA deadline

ELIZABETH MCARTHUR  |  FRIDAY, 26 APR 2019
... Bank, ANZ, NAB, Westpac, IOOF and AMP recorded a reduction in numbers of 2% over the last year. NAB and IOOF are the only two big firms to increase their adviser footprints. Three years ago, only 30% of advisers were non-institutional licensees. Over ...