Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 3131 - 3140 of 17956 results for "Bank"

Manipulative trading at J.P. Morgan costs it over $1bn

ALLY SELBY  |  WEDNESDAY, 30 SEP 2020
... unacceptable and they are no longer with the firm," J.P. Morgan Chase and chief executive of its corporate and investment bank Daniel Pinto said. "We appreciate that the considerable resources we've dedicated to internal controls was recognised by ...

BOQ expects to back pay $11m in SG

KARREN VERGARA  |  WEDNESDAY, 30 SEP 2020
The Bank of Queensland has failed to pay several workers their superannuation benefits, in a failure that could potentially blow out to $11 million in back payments. The bank has already accounted for $2.4 million of superannuation owed to employees ...

Challenger loses chief financial officer

ANNABELLE DICKSON  |  WEDNESDAY, 30 SEP 2020
... to joining Challenger, Tobin was general manager, finance for the premium business services division of the Commonwealth Bank and chief financial officer at MLC in Hong Kong. Challenger chief executive Richard Howes thanked Tobin for his time with the ...

ASX director retires

ALLY SELBY  |  WEDNESDAY, 30 SEP 2020
A non-executive director has departed the ASX after more than 14 years of service, having joined the board in 2006 following its merger with the Sydney Futures Exchange. Announcing Peter Warne's retirement during the exchange's annual general ...

Australia world class in retirement wellbeing

ANNABELLE DICKSON  |  WEDNESDAY, 30 SEP 2020
... score in insured health expenditure and finishing in 8th place for life expectancy but dropped in interest rates to 10th and bank non-performing loans at 7th. In addition, Australia ranked in the middle of all GRI countries for Material Wellbeing, which ...

CBA progresses with divestment to AIA

ANNABELLE DICKSON  |  WEDNESDAY, 30 SEP 2020
Commonwealth Bank has received another payment furthering the divestment of its life insurance business to AIA Group. CBA has received a payment of approximately $450 million for the sale of CommInsure Life with the proceeds resulting in a pro forma ...

Chief economist update: Australia's third arrow

BENJAMIN ONG  |  WEDNESDAY, 30 SEP 2020
... Australians all, are one in anticipating Christmas to come on October 6 this year - the day when most expect the Reserve Bank of Australia (RBA) and Treasury to be handing out good tidings. October 6 is RBA meeting day, the day financial markets expect ...

Goldman Sachs appoints Australian chair

ELIZABETH MCARTHUR  |  WEDNESDAY, 30 SEP 2020
... Australia and New Zealand. According to an internal memo, Johnston will be focussed on deepening and strengthening the investment bank's relationships in Australia and New Zealand. "He will also continue to draw on his considerable experience as a highly ...

Sunsuper adds long/short to Aussie equities

KANIKA SOOD  |  TUESDAY, 29 SEP 2020
... market cap]. So it becomes very difficult to express a negative view on the stock [by just going underweight]." Barnes cites bank stocks and BHP or RIO as examples, where an underweight would allow the manager to express their negative view strongly ...

Netwealth appoints international custodian

KANIKA SOOD  |  TUESDAY, 29 SEP 2020
... Heine said. Citi Australia said it is looking to add over 20 custody clients and employees in the next 12 months, as Royal Bank of Canada (RBC's) March client transfer agreement with Citi comes into effect. "Citi is particularly well placed to facilitate ...