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| | | ... or a related field. CBA head of advice Marianne Perkovic told Financial Standard that the cases of bad advice within the banks advice businesses triggered a transformation in business structure and remuneration systems. "The business that we read in ... |
| | | | ... cents to $4.59. Santos shares also fell 11 cents, to $14.10, despite the company reporting a 25%increase in revenue. The big banks were mixed. Commonwealth Bank slipped 25.5 cents to $80.96, Westpac gained 4.5 cents to $33.69, ANZ also gained 4.5 cents ... |
| | | | Superannuation funds are increasingly behaving like shadow banks and should be regulated as such, an economist and pension expert from the UK has warned. Dr Bernard Casey of Warwick University said stricter global capital requirements are seeing new ... |
| | | | ... sales. Mount Gibson Iron added 3.5 cents, or 5.11 per cent, to 72 cents after recording positive production data. The big banks were nearly all in the green with ANZ lifting 11 cents to $33.26, NAB up 10 cents to $34.08 and Commonwealth Bank climbing ... |
| | | | ... Wednesday the big miners pushed the Australian share market higher after some record iron ore production reports, but the big banks all made losses. The benchmark S&P/ASX200 index was 7.6 points, or 0.14 per cent, higher at 5,518.9. The broader All Ordinaries ... |
| | | | ... afternoon ahead of US Federal Reserve Chairwoman Janet Yellen's testimony to Congress on Tuesday night (AEST). The major banks were mixed as the first review of the financial system in 17 years was released in Canberra. ANZ was steady at $33.54, Westpac ... |
| | | | ... inquiry that resulted into the first FoFA law, said: "we have not changed our position; the government's changes are good for banks and bad for consumers." He said that the most viable option would be "if the crossbenchers had a change of heart and realised ... |
| | | | ... that financial advice scandals "weren't just a matter of a wrong trader, it was a wrong culture." "Let's not kid ourselves, banks try to make profits for shareholders; selling products is how they've done their money for the past ten years." Read all ... |
| | | | ... complacency. The review believes Australia's banking sector is competitive, albeit concentrated. It concedes the big four banks have funding advantages because of their size, and notes some submissions to the review argued they also benefit from the ... |
| | | | ... afternoon ahead of US Federal Reserve Chairwoman Janet Yellen's testimony to Congress on Tuesday night (AEST). The major banks were mixed as the first review of the financial system in 17 years was released in Canberra. ANZ was steady at $33.54, Westpac ... |
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