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Showing 3211 - 3220 of 17956 results for "Bank"

Chief economist update: RBA increases and extends TFF

BENJAMIN ONG  |  WEDNESDAY, 2 SEP 2020
The Reserve Bank of Australia (RBA) kept domestic interest rates unchanged - the targets for the official cash rate at 0.25% and the yield on 3-year Australian Government bonds at 25 basis points - at its September meeting, as expected. What came as ...

AMP does not treat advisers fairly: Poll

ELIZABETH MCARTHUR  |  TUESDAY, 1 SEP 2020
A new poll has revealed widespread disappointment in AMP's treatment of its aligned financial advisers in renegotiating Buyer of Last Resort (BOLR) agreements. Financial Standard polled roughly 250 people in the financial services industry, asking them ...

Investors will be forced into equities: DeepData Analytics

ELIZA BAVIN  |  TUESDAY, 1 SEP 2020
Retail investors will be forced further into investing in equities as the hunt for yield continues, despite having felt the hard lessons from this year's market volatility, according to founder and chief executive of DeepData Analytics Mathan Somasundaram. ...

Dividends ripe for the picking

ANNABELLE DICKSON  |  TUESDAY, 1 SEP 2020
Australian equities are set to continue to provide dividend income for retirees more so than safe haven assets, according to a retirement income specialist. Plato Investment Management managing director Don Hamson said despite the hearsay that dividends ...

Former adviser faces fraud charges

ALLY SELBY  |  MONDAY, 31 AUG 2020
... authorised representative. The corporate watchdog alleges that between 2015 and 2017, Gordon withdrew a total of $502,000 from the bank accounts of six of his self-managed superannuation fund clients, without authorisation. Between 2016 and 2018, Gordon ...

ASIC names operations, risk leads

KARREN VERGARA  |  MONDAY, 31 AUG 2020
The corporate regulator has made two senior appointments to lead its operations and risk management units. ASIC promoted long-serving employee Warren Day to the newly-created role of chief operating officer after serving as the executive director of ...

Robinhood effect steers share market

KARREN VERGARA  |  MONDAY, 31 AUG 2020
The perfect storm of government stimulus and a new breed of retail traders with little investing know-how are resuscitating the share market, but for how long? According to Julia Lee, founder and chief investment officer of Burman Invest, numerous factors ...

State Street nabs BNP executives

ANNABELLE DICKSON  |  MONDAY, 31 AUG 2020
... from BNP Paribas where she was most recently head of China financial institutions coverage. She was previously at Deutsche Bank as head of China management strategy and head of private wealth and commercial clients. "As we position ourselves for growth ...

Chief economist update: COVID-19 cuts capex

BENJAMIN ONG  |  MONDAY, 31 AUG 2020
... consecutive quarter of decline and is the sharpest since the March 2016 quarter - one of the factors that prompted the Reserve Bank of Australia (RBA) to cut the official cash rate from 2.0% to 1.75% in April and then again to 1.5% in August of the same ...

IOOF buys MLC Wealth for $1.4bn

ELIZA BAVIN  |  MONDAY, 31 AUG 2020
... confirmed it will not assume conduct or remediation liability for the MLC business. NAB chief executive Ross McEwan said the bank had a clear plan and the sale of MLC enables it to prioritise investment and focus on executive its refreshed strategy. ...