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Showing 2861 - 2870 of 9740 results for "Major"

Advice industry in hot water

JAMIE WILLIAMSON  |  FRIDAY, 28 SEP 2018
... Commissioner Kenneth Hayne has said. Releasing his interim report today, Hayne has said of the misconduct within Australia's major financial institutions exposed by the Commission: "No matter whether the motive is called 'greed', 'avarice' ...

Hayne admonishes ASIC

KARREN VERGARA  |  FRIDAY, 28 SEP 2018
... Hayne noted it hasn't taken public steps to pointing to any deficiency in the governance and risk culture of any of the major banks or other large financial services entities falling within its remit.

RBNZ on ice into 2020

BENJAMIN ONG  |  FRIDAY, 28 SEP 2018
... versus the greenback (to US$0.6628) this year to date and by 10.7% from the 2018 peak of US$0.7422. For sure, one of the major factors afflicting the kiwi dollar/US dollar exchange rate is the divergence in monetary settings and outlook between New Zealand ...

NAB, MLC face class action

JAMIE WILLIAMSON  |  THURSDAY, 27 SEP 2018
Class action proceedings have been filed against NAB and MLC for the sale of worthless consumer credit insurance. The two companies will face Slater and Gordon in Federal Court after the law firm officially filed proceedings. Slater and Gordon allege ...

ASIC slams unacceptable reporting breaches

KARREN VERGARA  |  WEDNESDAY, 26 SEP 2018
Major institutions take about five years to identify significant breaches while remediating some customers takes even longer, an ASIC review of breach reporting obligations found. In Report 594 released overnight, the big the institutions took 4.5 years ...

Make sure you have cash: Geoff Wilson

KANIKA SOOD  |  WEDNESDAY, 26 SEP 2018
... though regulatory costs are going up, a WAM portfolio manager said. The manager said from speaking to all CFOs at the four major banks, they don't see any major threats. This is partly because banks are "pre-empting the changes" that may come out ...

Aussie fund managers face machine learning challenges

KARREN VERGARA  |  TUESDAY, 25 SEP 2018
Australia's investment management firms lag behind Japan when it comes to using machine learning in investment strategies, a new Bloomberg survey shows. The poll of 450 participants comprising traders, portfolio managers, analysts and market data practitioners ...

Boutique executes buyout, rebrands

KANIKA SOOD  |  FRIDAY, 21 SEP 2018
The executive team at a Melbourne-based global equities manager has bought out the majority stake held by its parent firm. The buyout includes a name change and new board chair. Wingate Group helped set up boutique Wingate Asset Management in 2005. ...

Sargon Capital acquires Decimal

JAMIE WILLIAMSON  |  FRIDAY, 21 SEP 2018
In its second major acquisition this month, Sargon Capital will acquire 100% of financial advice technology provider Decimal. Under a court-approved scheme of arrangement, Sargon will purchase 100% of Decimal's issued shares for 1.41 cents per share ...

LIC invests in crypto platform

KARREN VERGARA  |  WEDNESDAY, 19 SEP 2018
... changed its investment strategy to include equity investments in blockchain companies and digital assets. Separately, several major institutions have recently backed a blockchain bond developed by Commonwealth Bank and the World Bank, deemed to be the ...