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Showing 2851 - 2860 of 17956 results for "Bank"

ANZ posts 54% profit rise

ELIZA BAVIN  |  THURSDAY, 18 FEB 2021
... Shayne Elliott said it was a strong performance given the volatile trading conditions that highlights the benefits of the bank's disciplined execution of its strategy. "We're pleased to have achieved these results for shareholders while also helping ...

Westpac prioritises risk management

KARREN VERGARA  |  WEDNESDAY, 17 FEB 2021
Westpac announced risk management and rebuilding its culture will be its top priorities for 2021. The bank paid $105 million to about 548,000 customers it has wronged during the first quarter ending December 2020, as announced in a trading update this ...

CBA guilty of deceptive conduct

ELIZA BAVIN  |  WEDNESDAY, 17 FEB 2021
The Federal Court has found Commonwealth Bank of Australia made false or misleading statements and engaged in deceptive conduct on over 12,000 occasions. Justice Lee found that CBA breached financial services law 12,119 times when charging a rate of ...

Citi names client director from within

ANNABELLE DICKSON  |  WEDNESDAY, 17 FEB 2021
... Citi's high net worth clients and be a point of contact to navigate times of volatility. Last year, Citi's Australian retail bank's fixed income assets under management grew 30% and overall investment transactions jumped 10% despite the pandemic. Citi ...

Statewide warns of cold calls to members

ELIZA BAVIN  |  MONDAY, 15 FEB 2021
Statewide Super has warned community members about financial services organisations making unsolicited phone calls, offering high-cost financial advice and unrealistic return promises. The caution comes after one of its long-term members received an ...

CommSec launches trade knowledge tool

ELIZA BAVIN  |  MONDAY, 15 FEB 2021
... and exercises designed to help investors expand their knowledge. CommSec executive general manager Richard Burns said the bank saw an increase in consumption of its educational materials when COVID hit. "There was a thirst for learning, however, it was ...

Super scammer permanently banned

ELIZABETH MCARTHUR  |  MONDAY, 15 FEB 2021
... company director. An investigation by ASIC found that McSweeny had transferred or directed others to transfer funds from bank accounts holding client funds. ASIC alleged that he directed an employee to construct a back-dated statement of advice in response ...

To keep or not to keep JobKeeper

BENJAMIN ONG  |  MONDAY, 15 FEB 2021
... September 2020 - while about 520,000 companies have stopped receiving the payments as their trade recovers." Even Reserve Bank of Australia boss Philip Lowe has given his nod to not keeping JobKeeper: "Given the recovery of the economy, I can understand ...

Deutsche Bank appoints local head

KANIKA SOOD  |  FRIDAY, 12 FEB 2021
Deutsche Bank has appointed a returning executive as its head of financial institutions group for Australia. Martin Nosek most recently worked at Nomura as the head of FIG Australia and co-head of FIG Asia Pacific. Prior to this, he spent 14 years at ...

Banks return $1.2bn for bad advice

ELIZA BAVIN  |  FRIDAY, 12 FEB 2021
Six of Australia's largest banks have paid or offered a total of $1.24 billion in compensation to customers, according to new ASIC figures. The funds have been returned to customers who suffered loss or detriment due to fees for no service misconduct ...