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Showing 2771 - 2780 of 17956 results for "Bank"

Sydney boutique to buy a slice of Investec assets

KANIKA SOOD  |  WEDNESDAY, 24 MAR 2021
... Investec Australia recently sold its property funds management business, and in 2014 sold its professional finance business to Bank of Queensland.

Mayfair found to have misled

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 MAR 2021
... concluded that Mayfair misled investors to believe its debenture products were comparable to and of a similar risk profile to bank term deposits. In reality the debenture products were much high risks. Investors were also misled to believe their principal ...

AustralianSuper adds gold ETF to menu

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 MAR 2021
... first gold-backed ETP in the world when it launched in 2003. It is backed by physical gold bullion held by J.P. Morgan Chase Bank in London. There is currently approximately 24.7 tonnes of gold in the vault.

Zero rates causing risky business: Pengana

ANNABELLE DICKSON  |  WEDNESDAY, 24 MAR 2021
... no wage growth, no inflation but the cost of living has been skyrocketing. There is no money being paid on savings in the bank, which is untenable particularly for retirees." As a result, investors are engaging in risky investment behaviour to get the ...

RBNZ puts Westpac on notice

ANNABELLE DICKSON  |  WEDNESDAY, 24 MAR 2021
The Reserve Bank of New Zealand (RBNZ) has instructed Westpac New Zealand (WNZL) to hold additional liquid assets and commission independent reports into its risk governance and liquidity risk management. The RBNZ has instructed that the first independent ...

Chief economist update: Powell said, Yellen said

BENJAMIN ONG  |  WEDNESDAY, 24 MAR 2021
The monetary and fiscal masters of the US of A fronted the Senate Banking Committee - as required under the March 2020 COVID-19 relief law - singing a rendition of Louis Armstrong's What a Wonderful World. In his testimony, Federal Reserve chair ...

Industry fund chief steps down

KARREN VERGARA  |  TUESDAY, 23 MAR 2021
... a brief period before becoming chief executive. Like Mitchell, Bain joined the industry fund sector from the Commonwealth Bank. Recreo, with $12 billion funds under administration, will merge with corporate and superannuation trustee Certane Group. The ...

Brian Hartzer to release leadership book

ELIZABETH MCARTHUR  |  TUESDAY, 23 MAR 2021
... the engagement lessons through trial and error. Hartzer resigned from Westpac after an AUSTRAC investigation found that the bank had failed to comply with anti-money laundering and counter-terrorism laws. "Because of the circumstances of my departure ...

Chief economist update: BOE not letting its guard down

BENJAMIN ONG  |  TUESDAY, 23 MAR 2021
... the Committee judged that the existing stance of monetary policy remains appropriate. The MPC voted unanimously to maintain Bank Rate at 0.1%. The Committee voted unanimously for the Bank of England to maintain the stock of sterling non-financial investment-grade ...

ANZ, CBA settle class action

ANNABELLE DICKSON  |  MONDAY, 22 MAR 2021
ANZ and Commonwealth Bank (CBA) have both reached an agreement to settle a class action in the US related to the trading of bank bill swap (BBSW) products in 2016. The class action commenced in 2016 in the United States District Court for the Southern ...