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Showing 211 - 220 of 478 results for "Australian Bank"

CBA EGM becomes customer advocate chief

DARREN SNYDER  |  MONDAY, 15 AUG 2016
Commonwealth Bank executive general manager customer advocacy and remediation, Dr Brendan French, will head the bank's customer advocate arm. CBA said the role and customer advocacy function will strengthen the firm's accountability for fair customer ...

ABA denies precedent for matching RBA cash rates

ALEX BURKE  |  FRIDAY, 5 AUG 2016
The Australian Bankers' Association has rejected calls from Parliament to justify its interest rate pricing based on the Reserve Bank's cash rate. Following the RBA cutting the cash rate to 1.75%, Prime Minister Malcolm Turnbull told media that "the ...

Economic Wrap

ALEX DUNNIN  |  THURSDAY, 4 AUG 2016
Why Australia's banks passed on only half this week's rate cut Australia's banks are being heavily criticised for not passing on the full effect of this week's rate cut to consumers in lower mortgage rates. But with almost 60% of bank funding coming ...

BetaShares launches new sector ETFs

MARK SMITH  |  WEDNESDAY, 3 AUG 2016
ETF provider BetaShares has added two new exchange traded funds to its growing stable. The new products are BetaShares Global Gold Miners ETF - Currency Hedged (ASX: MNRS) and BetaShares Global Banks ETF - Currency Hedged (ASX: BNKS). Both are hedged ...

QIC and Future Fund back $3bn renewable fund

KERRIE SYDEE, MARK SMITH  |  WEDNESDAY, 27 JUL 2016
QIC and the Future Fund have backed a $2-3 billion fund with AGL that, once fully invested, will own roughly 10% of Australia's renewable energy capacity. A strategic partnership between the QIC Global Infrastructure Fund and the Future Fund will see ...

Brexit won't impact Australia greatly: Treasurer

DARREN SNYDER  |  FRIDAY, 22 JUL 2016
The body representing Australia's top four financial authorities says the country is well placed to manage the economic and financial repercussions of Brexit. The Council of Financial Regulators (CFR) presented a report to the federal government earlier ...

Report shows bank reform well underway

DARREN SNYDER  |  THURSDAY, 14 JUL 2016
The Australian banking industry is being recommended to adopt intermediate milestones to demonstrate its momentum of working through a series of self-improvement initiatives in response to previous recognition of repeated poor customer service. Independent ...

NAB appoints independent customer advocate

KERRIE SYDEE  |  TUESDAY, 12 JUL 2016
National Australia Bank (NAB) has appointed an independent customer advocate to support its retail and small business customers in resolving serious complaints. Catherine Wolthuizen will step into the newly created banking role as NAB commits to the ...

Zenith finds value in reduced blue chip exposure

ALEX BURKE  |  TUESDAY, 12 JUL 2016
... segment of the market returning 3.4% versus -16.2% for the S&P/ASX 20." "The Blue Chip/Top 20 index is dominated by Australian Bank stocks, and this has been one of the hardest hit segments of the market over the last 12 months."

UniSuper reflects on investment highs and lows

DARREN SNYDER  |  FRIDAY, 8 JUL 2016
UniSuper has called out its active management investment strategies during a tumultuous financial year that included several highs and lows in the process of attempting to deliver substantial member returns. The $52 billion superannuation fund said ...