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

Search Results

Showing 2381 - 2390 of 5920 results for "March 27"

Barclays refunds US$97m for overcharging clients

KARREN VERGARA  |  WEDNESDAY, 17 MAY 2017
Banking and financial services giant Barclays Capital has agreed to refund $97 million to clients for misrepresenting services and overcharging advisory and mutual fund fees. An investigation by the US Securities and Exchange Commission found Barclays ...

Two Victorian advisers cop bans

KARREN VERGARA  |  TUESDAY, 16 MAY 2017
Two former AMP Group-aligned financial advisers copped temporary bans from ASIC for operating without an AFSL and providing inappropriate advice. ASIC's investigation found MySuperMan director David Heycock and employee Stuart Arnold-Levy provided unlicensed ...

Housing is cooling

BENJAMIN ONG  |  TUESDAY, 16 MAY 2017
... February. The lead from the statistician's building approvals report - total building approvals down 19.9% in the year to March - suggests further weakness in housing finance in the coming months. More so, when the latest round of the Australian Prudential ...

Three steps and yields stumble

BENJAMIN ONG  |  MONDAY, 15 MAY 2017
... 10-year US Treasuries closed at 2.33% last week - a 30 basis point stumble from this year's high of 2.63% recorded on 13 March (a day before the Fed's 14-15 March FOMC meeting that concluded with the announcement of the third rate hike in the current ...

Cuffe takes stake in Lennox small-cap fund

ALEX BURKE  |  WEDNESDAY, 10 MAY 2017
Chris Cuffe's Third Link Growth Fund will provide seeding for a new small-cap strategy established under Challenger boutique network Fidante Partners. Lennox Capital Partners' Australian Small Companies Fund is available to retail and institutional ...

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 ...

Australian economy proceeding according to projections

BENJAMIN ONG  |  TUESDAY, 9 MAY 2017
... concern over the financial stability threat from the housing market. Building permits dropped by 13.4% in the month of March - the biggest drop since November 2015. However, this is hardly a convincing data that's pointing to a slowing in the housing ...

Which part of the elephant are you holding?

BENJAMIN ONG  |  FRIDAY, 5 MAY 2017
Like the story of the blind man and an elephant, interpretations are often derived from which part of the animal you touched. Such is the case with the Australian Bureau of Statistics' (ABS) elephant - the latest update on Australia's "International ...

Future of ANZ Wealth uncertain amid profit slide

ALEX BURKE  |  WEDNESDAY, 3 MAY 2017
ANZ Wealth's profit share in the bank's overall results continued to decline in the first half of FY17, underscoring six months of speculation as to the division's future. Back in November, ANZ chief executive Shayne Elliott said in a media briefing ...

Beneficiaries unfamiliar with death benefits

KARREN VERGARA  |  WEDNESDAY, 3 MAY 2017
A large number of death benefit complaints could be avoided if trustees communicate to members and beneficiaries proper internal dispute resolution processes. This is particularly true when it comes to death benefits, according to the Superannuation ...