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Showing 2691 - 2700 of 17956 results for "Bank"

OpenMarkets hires, acquires, preps for IPO

ELIZABETH MCARTHUR  |  FRIDAY, 30 APR 2021
... Rayson is the chief executive of Hearts and Minds Investments and was formerly managing director at CommSec. Cussen joins from Bank of Queensland where he was chief technology officer and also held several roles at Westpac. Alexander is chair of the ...

Chief economist update: Not yet time to make a change

BENJAMIN ONG  |  FRIDAY, 30 APR 2021
"It's not time to make a change Just relax, take it easy..." - Cat Stevens This is the US Federal Reserve's message to the markets at the conclusion of its April FOMC meeting in its efforts to calm concerns over rising inflation expectations ...

First Sentier launches ESG debt strategy

JAMIE WILLIAMSON  |  FRIDAY, 30 APR 2021
... conservative credit risk oversight, portfolio construction expertise and strong institutional relationships. In turn, MUFG Bank brings its scale and experience as one of the largest lenders to the renewables sector in the Asia Pacific," Togher said. ...

BNY Mellon partners with FRT

JAMIE WILLIAMSON  |  FRIDAY, 30 APR 2021
BNY Mellon clients will now benefit from the investment giant's use of Financial Recovery Technologies' securities class action recovery services. The two firms have entered a strategic alliance which will see BNY Mellon use FRT's suite of class action ...

Chief economist update: Low for longer

BENJAMIN ONG  |  THURSDAY, 29 APR 2021
Latest inflation figures released by the Australian Bureau of Statistics (ABS) underscore both the Reserve Bank of Australia's prescience and governor Philip Lowe's expectation that the official cash rate will remain low until at least 2024. ...

Westpac settles life insurance class action

ELIZABETH MCARTHUR  |  WEDNESDAY, 28 APR 2021
... 2011 and 2017, customers who received financial advice from Westpac-aligned financial advisers through Westpac, St George Bank, Bank of Melbourne, BankSA and BT Advice were sold needlessly expensive life insurance. According to Shine's case, these consumers ...

Suncorp divests super unit to industry fund

KARREN VERGARA  |  WEDNESDAY, 28 APR 2021
Suncorp will divest its wealth division to an industry fund, transferring $6.4 billion in assets under management and 137,000 members. LGIAsuper will pay $45 million for the acquisition of Suncorp Portfolio Services and will retain about 130 staff that ...

BetaShares launches hybrids ETF

KANIKA SOOD  |  TUESDAY, 27 APR 2021
... launched a new ETF that invests in ASX-listed preference shares issued by the big four Australian banks. The BetaShares Major Bank Hybrids Index ETF (ASX: BHYB) will invest in ASX-listed, AUD denominated preference share issues with a market cap of at ...

Queensland bans Dollarmites

KARREN VERGARA  |  TUESDAY, 27 APR 2021
The Sunshine State is joining Victoria and the nation's capital in banning the Commonwealth Bank's school-banking program. Queensland minister for education Grace Grace announced her department will not renew its agreement with CBA when it ends on 31 ...

Westpac earnings take hit

ANNABELLE DICKSON  |  MONDAY, 26 APR 2021
The bank has announced a $282 million hit to its statutory profit after an increase in customer refunds, software write-downs and accounting losses, ahead of its interim results. Westpac recorded $220 million in customer refunds, payments, associated ...