Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 191 - 200 of 608 results for "Big Four"

APRA sets new capital target for the big four

ALEX BURKE  |  WEDNESDAY, 19 JUL 2017
APRA has raised the CET1 capital ratios for the big four banks to meet the "unquestionably strong" benchmark outlined in the Financial System Inquiry. By 1 January 2020, the big four will need to achieve a CET1 capital ratio of at least 10.5%. APRA ...

Xero seeks global growth, director steps down

EMMA RAPAPORT  |  WEDNESDAY, 12 JUL 2017
... standards, adding resources to its global team and building relationships with financial institutions including Australia's big four banks, Wells Fargo and HSBC. "The future of finance is steeped in collaboration rather than competition between banking ...

Banks continue campaign to discredit SA bank tax

JAMIE WILLIAMSON  |  TUESDAY, 4 JUL 2017
Australia's big four banks again warned South Australians of the impact a state-based tax would have as the South Australian Liberal opposition confirmed it will move to block the tax's implementation. In an open letter to South Australian customers ...

KPMG names new national chair

DARREN SNYDER  |  THURSDAY, 29 JUN 2017
... September 2017, Alison Kitchen will be KPMG Australia's first woman chair. She will also be the first woman to chair one the big four professional services firms in Australia. KPMG said Kitchen has led numerous major global KPMG accounts including spanning ...

Broaden levy to foreign banks: Big four

KARREN VERGARA  |  MONDAY, 19 JUN 2017
Large foreign banks should also be subjected to the proposed $6.2 billion bank levy, Australia's four major banks told the Senate Standing Committee on Economics reviewing the levy Bill last week. Many multinational banks, while active in the institutional ...

Banks narrowly avoid parliamentary inquiry

EMMA RAPAPORT  |  FRIDAY, 16 JUN 2017
... Government's new bank levy, with some saying it will hit customers hardest. The Australian Bankers' Association, the big four and the Macquarie Group are due to appear before a half-day Senate inquiry into the tax today.

BetaShares launches defensive ETF

KARREN VERGARA  |  WEDNESDAY, 7 JUN 2017
... annum (excluding fees). About 80% of investments are allocated to senior floating rate debt securities issued by the big four banks, with the remainder in regional banks such as Macquarie, AMP, Bank of Queensland, and Bendigo and Adelaide Bank. Bonds ...

New cash ETF for UBS

KARREN VERGARA  |  FRIDAY, 2 JUN 2017
... in short to medium-term discount securities ranging from bank bills to certificate of deposits, with a 60% skew to the big four banks, Anderson said. Head of UBS Asset Management for Australia and New Zealand Bryce Doherty said a typical superannuation ...

Big four hammer bank levy

ALEX BURKE  |  TUESDAY, 23 MAY 2017
ANZ, CBA, NAB and Westpac have taken to the ASX to criticise the Government's new bank levy, with some saying it will hit customers hardest. Westpac chair Lindsay Maxsted said in an open letter that the new levy is "bad public policy that targets just ...

Ignition Wealth secures BT Panorama deal

JAMIE WILLIAMSON  |  MONDAY, 22 MAY 2017
... advice. The deal has been hallmarked as "the largest fintech deal in Australia to date." It also marks the first of the big four banks to appoint an independent technology provider to power digital financial advice divisions, Ignition Wealth said. Ignition's ...