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Showing 2461 - 2470 of 17956 results for "Bank"

Pinnacle hires from Schroders

KANIKA SOOD  |  THURSDAY, 19 AUG 2021
Pinnacle Investment Management has appointed an associate director in its EMEA sales team, hiring from Schroders. James Longman will cover Pinnacle's institutional and wholesale investors across the UK, Europe, Middle East and Africa. Longman joins ...

ASX posts mixed results

ANNABELLE DICKSON  |  THURSDAY, 19 AUG 2021
... to growth in listings and issuer services. ASX chief executive Dominic Stevens put the decrease in profit down to Reserve Bank of Australia (RBA) policy. "Strong listings and equity market activity, due in part to an ongoing surge in retail trading ...

Magellan to move to higher tax rate

KANIKA SOOD  |  WEDNESDAY, 18 AUG 2021
Magellan Financial Group will start paying taxes at the full 30% rate from FY24, as the government abolishes laws that allowed it to pay only 10% tax on offshore earnings. MFG paid tax at 21.4% in the year ending June, lower than the 30% tax rate that ...

Super fund portfolio disclosure consultation reopens

KARREN VERGARA  |  WEDNESDAY, 18 AUG 2021
... organising investment option data in a way that is downloadable and readable in a delimited file format for members. Cash and bank bill investments must be aggregated by the relevant institution; while infrastructure and property must be categorised ...

Netwealth boosts profit

ANNABELLE DICKSON  |  WEDNESDAY, 18 AUG 2021
The platform recorded net profit gains and a substantial increase in funds under administration as it expects inflows to hit $10 billion in the next financial year. In its full-year results, Netwealth posted a 23.9% increase in net profit to $54.1 million. ...

Financial services market skyrockets

ANNABELLE DICKSON  |  WEDNESDAY, 18 AUG 2021
Australia's total market for financial services increased by $1.27 trillion last financial year to a total of $10.9 trillion at June end, research shows. The latest Roy Morgan Banking and Finance Report showed the increase was larger than the last three ...

Magellan profits dip

KANIKA SOOD  |  TUESDAY, 17 AUG 2021
... broadly in line with the growth in average FUM." In the financial year, Magellan made three capital investments, in investment bank Barrenjoey, food chain Guzman y Gomez and in financial services provider FinClear. These contributed an after-tax loss ...

CBA to publicise misconduct

ANNABELLE DICKSON  |  TUESDAY, 17 AUG 2021
The Federal Court has imposed orders on Commonwealth Bank that require it to publish notices on its website and newsroom for charging higher interest rates on business overdraft accounts than what it advised its customers over a four-year period. CBA ...

Economic recap: Week to August 13

BENJAMIN ONG  |  MONDAY, 16 AUG 2021
... the extended lockdown in Victoria's (VIC) is expected to be extended anew. Private sector economists and the Reserve Bank of Australia (RBA) have already penciled in a contraction in Australian third quarter GDP even before the restrictions were ...

Praemium appoints chief executive

KANIKA SOOD  |  THURSDAY, 12 AUG 2021
... executive director in May, will step into the role permanently on August 16. Wamsteker is the founding chief executive of ME Bank and chaired platform business Powerwrap, which Praemium bought last year. He has been on Praemium's board since November ...