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Showing 11 - 20 of 40 results for "early May"

HSBC quietly exits financial advice

KARREN VERGARA  |  THURSDAY, 5 JUL 2018
... retain Commonwealth Financial Planning which will sit within the retail banking services division. NAB announced in early May it will sell off MLC Advice, along with its platform, superannuation and asset management units. In October 2017, ANZ offloaded ...

Members abandon bank-aligned group insurers

KARREN VERGARA  |  TUESDAY, 5 JUN 2018
... AIA Group agreed to buy 100% of CBA's Australian and New Zealand life insurance businesses for $3.8 billion. In early May, NAB announced to exit the majority of its wealth management operations, including divestment of Australia's largest retail ...

Chief economist update: Should have sold in May and gone away

BENJAMIN ONG  |  TUESDAY, 29 MAY 2018
... strong, are decent enough to push corporate profits higher. This is underscored by the NAB business survey released in early May that showed business confidence rose by two points to a reading of +10 in April (above the long run average of +6) and business ...

ANZ, NAB bottom lines take a hit

KARREN VERGARA  |  TUESDAY, 24 APR 2018
... bleak profitability outlook for shareholders, flagging massive losses ahead of their 2018 half-year reporting period in early May. ANZ will incur a loss of $632 million from the sale of its life insurance, and pensions and investments businesses. About ...

T. Rowe Price names Japan country head

MARK SMITH  |  WEDNESDAY, 30 MAR 2016
... Japan. A thirty-year veteran of the financial services and asset management industries, Honda will join the firm in early May after a filing with Japanese regulators. He will lead T. Rowe Price's overall Japanese business and distribution strategy, working ...

Governor Glenn lets his jaw drop

BENJAMIN ONG  |  MONDAY, 7 JUL 2014
... certainly encouraging, probably overstate somewhat the true ongoing pace of growth in the economy. The Bank's forecasts from early May, which we have not materially changed, embody ongoing growth but, in the near term, probably a little below trend". ...

Blue Sky directors buy stake in Alternatives Fund IPO

LAURA MILLAN  |  WEDNESDAY, 21 MAY 2014
... Blue Sky and do not intend to sell any further shares in the near term," the company said. Blue Sky launched an IPO in early May to raise up to $100 million to list Australia's first diversified, alternatives-focused listed investment company (LIC) on ...

Another 10 bil to go

BENJAMIN ONG  |  WEDNESDAY, 29 JAN 2014
... Treasuries - the one the Fed is trying to keep down to stimulate well...almost everything - surged to 2.98% (from 1.66% in early May) a week before the FOMC's September meeting. But...but, but if last night's rebound on Wall Street... The Dow and the ...

Savings trap

BENJAMIN ONG  |  TUESDAY, 29 OCT 2013
... in September, this is up from the year's low of 1.63% -- before taper became part of the financial market lexicon in early May - and 2.20% on the first hint of taper just about three weeks later. If this is the effect of taper speculation, I hate to ...

Limbo of uncertainty

BENJAMIN ONG  |  TUESDAY, 16 JUL 2013
... index's 2.6% gain over the same period. The last time the Australian benchmark put on this kind of performance was in early May when both the Dow and the S&P 500 were both posting ever higher record highs (almost daily), there were some whispers of a ...