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Showing 2951 - 2960 of 17956 results for "Bank"

Financial services' biggest tax bills revealed

ANNABELLE DICKSON  |  FRIDAY, 11 DEC 2020
... ($46.5 million), J.P. Morgan Australia ($46 million), Perpetual at ($40 million) and WAM Capital ($24 million). Commonwealth Bank had the highest tax payable bill from the big four banks at $3.2 billion, followed by Westpac at $3 billion, NAB at $2.1 ...

Mayfair 101 heads to mediation

ELIZABETH MCARTHUR  |  FRIDAY, 11 DEC 2020
... and misleading claims about the M+ Fixed Income Notes and M Core Fixed Income Notes, including comparing the products to bank term deposits. ASIC alleges that this could have caused investors to misunderstand the inherent risk in investing through these ...

Chief economist update: ECB expands PEPP

BENJAMIN ONG  |  FRIDAY, 11 DEC 2020
The European Central Bank (ECB) didn't disappoint financial markets expecting more goodies in their Christmas stockings. While it kept the price of credit unchanged - repo rate at 0%, marginal lending rate at 0.25% and deposit facility rate at -0.5% ...

Chief economist update: Confidence unlocks Australia's virtuous cycle

BENJAMIN ONG  |  THURSDAY, 10 DEC 2020
... money." - James Madison We, Australians all, are in a good place for not only do we have more money thanks to the Reserve Bank of Australia (RBA) and the Morrison government's largesse - but the wherewithal to spend and/or borrow to spend - and the ...

Investec to close Aussie business

KANIKA SOOD  |  WEDNESDAY, 9 DEC 2020
... Investec Australia recently sold its property funds management business, and in 2014 sold its professional finance business to Bank of Queensland. "The decision was not taken lightly, and while unfortunate timing, we wanted to ensure we were as transparent ...

CBA provides BoCommLife update

ANNABELLE DICKSON  |  WEDNESDAY, 9 DEC 2020
Commonwealth Bank of Australia (CBA) has made progress on exiting life insurance after the China Banking and Insurance Regulatory Commission approved the sale of its stake in BoCommLife. The bank will divest its 37.5% stake in BoCommLife to MS&AD Insurance ...

Amazon Web Services expands Australian operations

ANNABELLE DICKSON  |  TUESDAY, 8 DEC 2020
... to achieve even greater fault tolerance. The Melbourne Region will launch with the availability of three AZs. Commonwealth Bank executive general manager, global technology services Mark Vudrag believes having safe and resilient infrastructure allows ...

CBA opens Amsterdam office, eyes European instos

KARREN VERGARA  |  TUESDAY, 8 DEC 2020
Armed with a new licence, the Commonwealth Bank is making a play for European institutional investors by establishing a new office in the Netherlands. The newly licensed Dutch subsidiary, Commonwealth Bank of Australia (Europe) N.V., is scheduled to ...

LaSalle appoints new APAC chief

ANNABELLE DICKSON  |  TUESDAY, 8 DEC 2020
... Pacific chief executive has been appointed in LaSalle Japan chief executive Keith Fujii. Fujii has previously held roles with Bank of America Merrill Lynch, Grove International Partners and Shinsei Bank. Meanwhile, head of Greater China Claire Tang and ...

Super SA to close growth option

ELIZABETH MCARTHUR  |  TUESDAY, 8 DEC 2020
... of the investment objective by Super SA and Funds SA. "Due to the unprecedented easing of monetary policy by the Reserve Bank of Australia (RBA) and global central banks, yields for short-term fixed interest securities (defensive assets) have fallen ...