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Showing 3261 - 3270 of 17956 results for "Bank"

Industry veterans launch dealer group

ALLY SELBY  |  MONDAY, 17 AUG 2020
Two advice industry stalwarts have launched a new dealer group promising to save advisers time and money. Finchley & Kent opened for business on July 1 after four years of development by co-founders Sam El Shammaa and Phil Alexander. While they acknowledge ...

ASIC winds up illegal land banking scheme

ALLY SELBY  |  MONDAY, 17 AUG 2020
The Federal Court has made orders to wind up an investment group which swindled 270 investors of more than $10 million in an illegal unregistered land banking scheme. ASIC will wind up Askk Investment Group following an extensive investigation. The ...

Chief economist update: COVID-19 cycle

BENJAMIN ONG  |  MONDAY, 17 AUG 2020
Is this the new normal cycle? The cycle of coronavirus cycling its way around the world and infection, containment through social distancing and lockdowns, easing of restrictions, and back to infection - the second wave? This cycle hit home when the ...

Schroders appoints head of private debt

KANIKA SOOD  |  FRIDAY, 14 AUG 2020
... time we aim to build solutions to provide our clients with greater access to these attractive markets," Durack said. "The bank debt market in Australia is becoming increasing disintermediated, providing opportunity for institutional investors to gain ...

SG increase will impact wage growth: Lowe

ELIZA BAVIN  |  FRIDAY, 14 AUG 2020
Reserve Bank of Australia governor Philip Lowe said the legislated increase to the superannuation guarantee will impact wage growth and the government will need to weigh up the impacts of that. Speaking at the House of Representatives Standing Committee ...

ERS will impact those who didn't access super: REST

ELIZA BAVIN  |  FRIDAY, 14 AUG 2020
The effects of the government's Early Release of Superannuation scheme could result in a 25 basis point loss for those who didn't take advantage of the scheme, according to REST chief executive Vicki Doyle. Speaking at the FINSIA Future of Super webinar ...

Cash earnings fall, MLC sale pending: NAB

ALLY SELBY  |  FRIDAY, 14 AUG 2020
National Australia Bank has reported a 7% fall in cash earnings to $1.55 billion for the third quarter, as the bank confirms it is still "actively exploring" options for the sale of its wealth management business. While a public market exit for the ...

Advisers bolt to cash, gold

ANNABELLE DICKSON  |  FRIDAY, 14 AUG 2020
... portfolios and allocating more towards ETFs as the fund has a long track record of providing returns which are superior to bank returns and those that are available on platforms. "It is very liquid and it allows advisers to improve the returns that they're ...

FSU wants CBA to up pay

ELIZABETH MCARTHUR  |  THURSDAY, 13 AUG 2020
The Commonwealth Bank is in the final stages of enterprise bargaining, with the Financial Services Union using the bank's full year results as evidence rises are needed. Despite taking an 11.3% profit hit due to the impacts of COVID-19, CBA managed ...

Contango dumps investment strategy, opens raise

ANNABELLE DICKSON  |  THURSDAY, 13 AUG 2020
... profits to sustain dividends. CIE chair Mark Kerr said as the company was established in 2015 it does not have the benefit of a bank of retained earnings sufficient to maintain dividend levels during market downturns and is unlikely to have sufficient ...