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Showing 2791 - 2800 of 17956 results for "Bank"

Chief economist update: The do-nothing Fed

BENJAMIN ONG  |  THURSDAY, 18 MAR 2021
Ho-hum. So much for speculations over the Fed's thoughts and actions, Powell and Co. did what financial markets expected - nothing - at their 16-17 March FOMC meeting. "The Committee decided to keep the target range for the federal funds rate at ...

Westpac merges consumer, business divisions

ELIZA BAVIN  |  WEDNESDAY, 17 MAR 2021
... months. "Mr de Bruin has significant experience running both consumer and business banking functions at a large multinational bank, as well as a strong background in fintech and digital banking, which will be particularly valuable as we better support ...

Former Wallaby departs Westpac for NAB

ANNABELLE DICKSON  |  WEDNESDAY, 17 MAR 2021
... Westpac and in his most recent role led a team of over 200 in New South Wales and Queensland. Prior to this, Waugh was the bank's head of COVID-19 response and was responsible for the design, implementation, delivery of government-initiated business ...

Admin fees could balloon from BFID

KARREN VERGARA  |  TUESDAY, 16 MAR 2021
The new best financial interests duty (BFID) could see members pay higher administration fees as the record-keeping obligations ramp up, superannuation funds and industry experts warn. The reforms, which are part of the Your Future Your Super legislation ...

BetaShares targets HNW market with new role

ELIZA BAVIN  |  TUESDAY, 16 MAR 2021
... has been named as head of high net worth groups and will be responsible for leading BetaShares' activities in the private bank, family office and high net worth investor space. Pattison joins BetaShares from Legg Mason (now Franklin Templeton) where ...

Banks still failing customers after Royal Commission

ELIZA BAVIN  |  TUESDAY, 16 MAR 2021
A review of Australian Financial Complaints Authority (AFCA) complaints data shows over 31,000 complaints have been made in the wake of the Royal Commission, according to CHOICE. Complaints around credit products revealed many customers have still been ...

Economic recovery has been stronger than expected: Lowe

ELIZA BAVIN  |  MONDAY, 15 MAR 2021
Australia's economic recovery has been quicker and stronger than expected, according to Reserve Bank of Australia (RBA) governor Philip Lowe. Speaking at the Melbourne Business Analytics conference, Lowe stated that while there are still challenges ...

Bell AM wins mandate

KANIKA SOOD  |  MONDAY, 15 MAR 2021
... sub-advisory, fee share agreement. In turn, Bell was to UBP with market intelligence on Aussie institutional investors, as the Swiss bank sent a distribution lead from its Geneva office to Australia to establish relationships for its existing funds. ...

Chief economist update: Japan to double down on stimulus?

BENJAMIN ONG  |  MONDAY, 15 MAR 2021
... stood at negative 0.6% in the year to January 2021. While an improvement from the previous month, they remain way below the Bank of Japan's (BOJ) 2.0% target. It's not surprising, therefore, that the BOJ is reported to conduct a review of its ...

Global net zero framework launched

JAMIE WILLIAMSON  |  FRIDAY, 12 MAR 2021
The Institutional Investors Group on Climate Change has launched the Net Zero Investment Framework, providing institutional investors with a guide to implementing a net-zero investment strategy. Building on the IIGCC's existing body of work, the framework ...