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Showing 281 - 290 of 480 results for "Australian Bank"

NAB Asset Servicing wins Prime Super contract

ALICE URIBE  |  WEDNESDAY, 18 SEP 2013
... leverage from the wider range of NAB products and importantly, we can leverage from the largest rural network of any Australian bank," she said. "This, combined with our proven risk management framework, experience across a broad mix of asset classes ...

Macquarie loses court battle with ATO

JAMES FERNYHOUGH  |  FRIDAY, 6 SEP 2013
Macquarie Group has lost its Federal Court battle with the Australian Tax Office (ATO) over a tax dispute relating to Macquarie's offshore banking unit (OBU) income allocation. Macquarie had been seeking to prevent the ATO from conducting a retrospective ...

CBA institutional banking group exec resigns

LAURA MILLAN  |  MONDAY, 2 SEP 2013
The Commonwealth Bank's group executive of Institutional Banking and Markets has resigned from after four years in the role. CBA's chief executive Ian Narev confirmed that Ian Saines will be leaving the company at the end of 2013. CBA is not commenting ...

NAB Wealth flat as bank's profit rises 2%

MARK SMITH  |  TUESDAY, 20 AUG 2013
National Australia Bank (NAB) has described stable earnings in its wealth division as it reports a 2% rise in cash profit to $1.5 billion in its latest quarterly update. The bank followed AMP and ANZ in expressing concern about the performance of its ...

Market Wrap AM

AAP  |  THURSDAY, 15 AUG 2013
... 5,157.4 after a choppy session in which Commonwealth Bank shares fell despite posting the biggest-ever profit by an Australian bank. Shanghai finished down 0.29 per cent, reversing earlier gains as worries resurfaced over the domestic economy. Trading ...

Wealth division contributes to record CBA profits

MARK SMITH  |  WEDNESDAY, 14 AUG 2013
... wealth management division contributed to the bank posting a full-year profit of $7.8 billion, a record for an Australian bank. The 10% increase in cash net profit after tax surpassed the analysts' expectations and allowed the bank to increase its total ...

More Asian HNWs enlisting private banks

MARK SMITH  |  WEDNESDAY, 12 JUN 2013
Asian high net worth (HNW) investors are increasingly enlisting the services of private banks to manage their wealth, according to Australian banking research and advisory firm East & Partners. In May 2013, East & Partners interviewed 949 C-suite executives ...

New chairman appointed at BOQ

ALICE URIBE  |  TUESDAY, 28 MAY 2013
Current Bank of Queensland director Roger Davis will take over the role of chairman, after the retirement of incumbent Neil Summerson. Summerson announced at the annual general meeting in December 2012 that he intended to step aside in 2013. He will ...

EBX launches online tool to purchase endowment bonds

LAURA MILLAN  |  THURSDAY, 2 MAY 2013
Newly-created technology company Endowment Bond Exchange (EBX) has launched today an online tool that allows financial planners and retail investors to invest in zero-coupon bonds, also known as endowment bonds. The EBX Endowment Bond is a fixed income ...

Basel III to see banks focus on longer-term depositors

MARK SMITH  |  THURSDAY, 2 MAY 2013
The requirement to match assets and liabilities under new regulatory proposals will see Australian banks move to a model where customers owning more products, according to ING DIRECT's executive director distribution Lisa Claes. Although the final details ...