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Showing 3111 - 3120 of 17956 results for "Bank"

Morgan Stanley to acquire Eaton Vance

JAMIE WILLIAMSON  |  FRIDAY, 9 OCT 2020
Morgan Stanley has entered an agreement to acquire Eaton Vance for close to $10 billion. The two parties have entered a definitive agreement which will see Morgan Stanley advance its plans to have three world-class business units in institutional securities ...

Netwealth sees rise in inflows

ELIZA BAVIN  |  THURSDAY, 8 OCT 2020
... reported that it has a cash transaction account balance of around 9.1% of FUA to allow for ample liquidity. "If the Reserve Bank announces a further interest rate reduction, Netwealth will absorb this reduction and this will adversely impact out ancillary ...

Superhero sets eyes on managed accounts

ALLY SELBY  |  WEDNESDAY, 7 OCT 2020
Newly launched trading platform Superhero has revealed it has the functionality to offer managed accounts to investors, and would be looking into developing this and an APL further in the future. The platform, which launched at the beginning of September ...

CountPlus adds to board, acquires member firm

KARREN VERGARA  |  WEDNESDAY, 7 OCT 2020
... a chief operating officer of software firm Faethm AI, and prior to that worked in executive roles at St.George, Macquarie Bank, KPMG and BT Financial Group. She also served as the chief executive of Decimal for over a year. CountPlus chief executive ...

Financial services firm names new directors

ALLY SELBY  |  WEDNESDAY, 7 OCT 2020
... finance and specialized in natural resources and privatisations. He would later return to Australia to join US investment bank Salomon Brothers, based in Sydney and Melbourne. Here he specialized in M&A and corporate advisory transactions in the resource ...

APRA rolls out new assessment model

ANNABELLE DICKSON  |  WEDNESDAY, 7 OCT 2020
The Australian Prudential Regulation Authority (APRA) has replaced its 18-year-old risk assessment model with a system that will better guide the intensity of the regulator's supervision. In a letter to banks, insurers and superannuation licensees ...

Chief economist update: Splish splash, budget cash

BENJAMIN ONG  |  WEDNESDAY, 7 OCT 2020
... ratio of 107%; Japan, 237%; the Eurozone, 84.1%; the UK, 80.7%; Canada, 89.7%; China 50.5%. And then there's the Reserve Bank of Australia (RBA) which still has relatively more firepower than many of its counterparts and is "committed to do what ...

Super industry cautious on more reform

ELIZABETH MCARTHUR  |  TUESDAY, 6 OCT 2020
The financial services industry and business community in Australia has responded in a generally positive manner to the government's 2020-2021 budget, but the super sector is so far cautious in its response. Australian Institute of Superannuation Trustees ...

NAB recruits 500 in hiring spree

ALLY SELBY  |  TUESDAY, 6 OCT 2020
National Australia Bank has hired 500 new employees to its private and business banking division, in a bid to get the "engine room of the economy firing again". It comes following the recruitment of 52 people to support NAB's private bank and 400 recruits ...

Big banks face shareholder action

ANNABELLE DICKSON  |  TUESDAY, 6 OCT 2020
... increasing levels of climate risk, it's also undermining our chances of keeping the climate crisis under control." Commonwealth Bank came out unscathed allowing room for an ongoing shareholder resolution regarding climate policy. On the other hand, Market ...