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Showing 201 - 210 of 608 results for "Big Four"

SMSFs in rebalancing flurry

KARREN VERGARA  |  THURSDAY, 18 MAY 2017
... superannuation system," it said. During the period, average contributions inched 7% from $8548 to $9138. The report also found the big four banks dominated SMSFs' largest holdings, with the Commonwealth Bank topping the list, followed by Westpac, ANZ ...

Banks hoping to stall new tax

JAMIE WILLIAMSON  |  TUESDAY, 16 MAY 2017
Two of the big four banks have called for the Government to hold off on implementing the proposed levy announced in last week's Federal Budget. In submissions to Treasury, both ANZ and Commonwealth Bank identify significant risks to Australia's economic ...

Housing is cooling

BENJAMIN ONG  |  TUESDAY, 16 MAY 2017
... expenses that could be claimed against rental properties. Included in the Budget is a $6.2 billion bank levy that the big four banks - ANZ, CBA, NAB, WBC - say they would pass onto their depositors, which certainly could come in the form of higher interest ...

Treasurer launches new financial system inquiry

KARREN VERGARA  |  TUESDAY, 9 MAY 2017
... productivity and international competitiveness, Treasurer Scott Morrison said. While Morrison did not specifically reference the big four banks, he said the inquiry will focus on "contestability and concentration in key segments of the financial system ...

ANZ and ETFS cut ties

ALEX BURKE  |  THURSDAY, 4 MAY 2017
... bigger compliance team back in London, so it's still a robust system, but it doesn't need to directly integrate into a big four bank," Walesby said. Walesby added the break-up was as amicable as possible, saying: "The joint venture was originally formed ...

Labor renews calls for banking Royal Commission

EMMA RAPAPORT  |  MONDAY, 24 APR 2017
... Sector, consumer protection group CHOICE published verbatim 771 consumer complaints about experiences in the sector. "The big four have been ripping people off for decades - it's time that they were held accountable to their customers," one complaint ...

Former ING DIRECT chief joins P2P lender

DARREN SNYDER  |  THURSDAY, 9 MAR 2017
... executive of ING Retail Banking Asia. He will help RateSetter in its mission to provide customers with an alternative to the big four bank model, and to accelerate the growth of its market share in both personal and business loans. RateSetter also will ...

ANZ appoints culture executive

JAMIE WILLIAMSON  |  TUESDAY, 28 FEB 2017
Following scrutiny around systemic cultural issues within the big four banks, ANZ will welcome a key human resources executive to a role with broader scope and new title. Kathryn van der Merwe is joining the bank as group executive, talent and culture. ...

Two of the big four in ASIC spotlight

ALEX BURKE  |  THURSDAY, 22 DEC 2016
ASIC accepted enforceable undertakings from National Australia Bank and Commonwealth Bank of Australia following an investigation by the corporate regulator. The undertakings relate to the banks' wholesale spot foreign exchange businesses. ASIC determined ...

The good and the bad in the Fed rate hike

BENJAMIN ONG  |  THURSDAY, 15 DEC 2016
... dropped by 24.9% over the same period. These could fall even more as interest rates continue to increase. Already, the big four banks have raised mortgage rates as they try to offset the pressure on their interest rate margins caused by higher funding ...