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Showing 2801 - 2810 of 17956 results for "Bank"

Chances of CBA admitting to Essential Super wrongdoing "non-existent"

JAMIE WILLIAMSON  |  FRIDAY, 12 MAR 2021
Lawyers for Commonwealth Bank (CBA) and Colonial First State (CFS) in its ongoing case against ASIC have told the court the parties have no intention of admitting to any contraventions in relation to Essential Super and an alleged $22 million in conflicted ...

APRA closes Westpac probe

ELIZA BAVIN  |  FRIDAY, 12 MAR 2021
... by AUSTRAC that Westpac had breached anti-money laundering and counter-terrorism laws. APRA's investigation examined the bank's actions to rectify and remediate the issues after they were identified. In June last year, APRA delegated certain enforcement ...

Chief economist update: ECB gives PEPP talk

BENJAMIN ONG  |  FRIDAY, 12 MAR 2021
It's not what the European Central Bank (ECB) did at its March governing council meeting - keeping monetary policy settings unchanged - but its PEPP (pandemic emergency purchase programme) talk that sent the Euro Stoxx-50 index on the up and up. ...

Frontier zeroes in on poor culture

KARREN VERGARA  |  THURSDAY, 11 MAR 2021
... Say One Thing and Do Another, Rafe focused on two case studies from the financial services Royal Commission - Commonwealth Bank and Westpac. Despite the many unethical behaviours of senior leaders who knowingly maximised profits at the expense of unsuspecting ...

Remediation services profiting from Royal Commission failures

ELIZABETH MCARTHUR  |  THURSDAY, 11 MAR 2021
Services are popping up to assist consumers in getting refunds for fee for no service financial advice, junk insurance and other misconduct exposed by the Royal Commission - but they are doing it for a fee. Remediator is one such service, launching ...

Business investment slow to click into gear: Lowe

ELIZA BAVIN  |  WEDNESDAY, 10 MAR 2021
Reserve Bank of Australia governor Phillip Lowe has expressed his concerns over the slow uptake of business investment in Australia, which he said is slowing economic recovery. Lowe said a durable recovery from COVID-19 requires a strong and sustained ...

Citi moves to double wealth business revenues

ELIZA BAVIN  |  WEDNESDAY, 10 MAR 2021
... experience to clients. The announcement follows the closure of Citi's last physical branch in February 2020, as the global bank focuses on digital engagement for most banking interactions. Citi head of banking and wealth Gofram Chowdhury said despite ...

Challenger names new head of life unit

KARREN VERGARA  |  WEDNESDAY, 10 MAR 2021
... this role," he said. Challenger said the life unit will continue to sit alongside funds management and the recently acquired bank MyLife MyFinance from Catholic Super that is undergoing regulatory approval. Challenger will pay $35 million for the entity ...

Former QIC executive joins Qualitas

KARREN VERGARA  |  WEDNESDAY, 10 MAR 2021
... recently named as a board member of Equity Trustees. She is currently a non-executive director on the boards of the Reserve Bank of Australia her family office Trawalla Group.

AMP Capital Ethical Leaders dropped by another super fund

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 MAR 2021
Another super fund has axed AMP Capital Ethical Leaders Balanced Fund as the sole manager of its socially responsible option, citing liquidity concerns and negative press. Mercy Super has made the decision to drop AMP Capital Ethical Leaders as the ...