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Showing 281 - 290 of 2771 results for "Westpac 16,500"

CommSec adds general manager

JAMIE WILLIAMSON  |  THURSDAY, 3 SEP 2020
The former chief executive of Saxo Capital Markets has taken on a new leadership role at CommSec. Ben Smoker was recently appointed general manager, broking and markets within Commonwealth Bank's retail brokerage arm. He joined from Westpac where ...

ASIC drops CBA investigation

ALLY SELBY  |  THURSDAY, 27 AUG 2020
... fine represents the largest ever penalty in Australian corporate history, however, that is likely to be surpassed by Westpac - expected to cough up $1.5 billion over its own money laundering scandal that involved more than 23 million money laundering ...

HUB24 reports record results

ALLY SELBY  |  TUESDAY, 25 AUG 2020
HUB24 revealed it signed 105 new licensee agreements during the last financial year, as it reports an underlying NPAT of $10.1 million, up 49% on FY19. It also reported that its revenue had lifted 37% compared to the previous financial year, to hit ...

Advice remediation tops $1bn

ELIZABETH MCARTHUR  |  MONDAY, 24 AUG 2020
AMP, ANZ, Commonwealth Bank, Macquarie, National Australia Bank and Westpac have paid or offered a total of $1.05 billion in compensation to customers as a result of fee for no service, misconduct and non-compliance advice, according to ASIC. ASIC said ...

Dividend cuts not as bad as expected

KANIKA SOOD  |  FRIDAY, 21 AUG 2020
Most people expected dividends to fall by 30% this year, but company payouts this earnings season have been decent, says Ausbil. Ausbil's Michael Price, who manages its active dividend income fund, said in general, the firm has been pleasantly surprised ...

Westpac offloads vendor finance business

ALLY SELBY  |  FRIDAY, 21 AUG 2020
Westpac has sold its vendor finance business to a New York-headquartered private equity firm, in the first sale from the bank's strategic review stable. Cerberus Capital Management has acquired Westpac's Strategic Alliances, with the equipment ...

ASIC takes action against BTFM, Asgard, StatePlus

JAMIE WILLIAMSON  |  THURSDAY, 20 AUG 2020
ASIC has commenced Federal Court proceedings against BT Funds Management and Asgard over fee-for-no-service conduct and making misleading representations in relation to the fees. It has also launched a similar case against StatePlus. ASIC alleges that ...

ANZ posts profit, announces dividend

ELIZA BAVIN  |  WEDNESDAY, 19 AUG 2020
ANZ has announced an unaudited statutory profit for the third quarter of $1.32 billion and an interim dividend of 25 cents per share, fully franked. The bank reported an unaudited cash profit from continuing operations of $1.5 billion, with chief executive ...

Westpac ditches dividend

ELIZA BAVIN  |  TUESDAY, 18 AUG 2020
Westpac has become the first of the big four banks to not deliver a dividend in its first half results as it reported a net profit of $595 million and revealed it anticipates further enforcement action from ASIC. Westpac chief executive Peter King said ...

AMP, CBA, Westpac face potential class action

ELIZA BAVIN  |  TUESDAY, 11 AUG 2020
The financial advice arms of AMP, Commonwealth and Westpac are all facing a potential class action from law firm Piper Alderman. The law firm is calling on any customers who have acquired, renewed or continue to hold a financial product on recommendation ...

Editor's Choice

Global X awards mandate for ETF business

ELIZA BAVIN
Global X has awarded a new custody and administration mandate for its Australian ETF business.

Bell Asset Management launches small-caps fund

KARREN VERGARA
Bell Asset Management has formally launched its Australian Small Companies Fund, which is run by former Tyndall Asset Management portfolio managers.

Former Australian Ethical finance chief lands new gig

MATTHEW WAI
The former chief financial officer of the ethical investment manager has joined a local finance company after wrapping up his tenure at AUB Group.

MySuper assets pursue $1.5tn Choice sector

KARREN VERGARA
MySuper assets are fast catching up to the $1.5 trillion Choice sector, hitting nearly $1.2 trillion in the March quarter.

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