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Showing 3301 - 3310 of 19578 results for "Ban"

CommSec launches trade knowledge tool

ELIZA BAVIN  |  MONDAY, 15 FEB 2021
CommSec said it has seen a 200% increase in investors seeking executional information around how trading works as younger people show increased interest in wholesale trading. CommSec said first time traders contributed to around 10% of total trades ...

Super scammer permanently banned

ELIZABETH MCARTHUR  |  MONDAY, 15 FEB 2021
ASIC has permanently banned a former financial adviser, Daniel McSweeny, after he was previously banned for five year s. McSweeny was charged with 20 dishonesty offences in 2018, as well as one offence for falsifying books as a company director. An ...

To keep or not to keep JobKeeper

BENJAMIN ONG  |  MONDAY, 15 FEB 2021
"Never ask a barber if you need a haircut," Warren Buffett once famously advised. The barber's nod will invariably be met with opposition from shampoo manufacturers. Such is the divide between the Morrison government (the barber) and labour unions ...

Wage subsidy to rescue advice industry

ELIZABETH MCARTHUR  |  FRIDAY, 12 FEB 2021
With just 65 new names appearing on the ASIC Financial Adviser Register in 2020, the rapid decline in adviser numbers has industry experts calling for a wage subsidy to incentivise advice practices to take hire graduates. In its pre-Budget submission ...

Deutsche Bank appoints local head

KANIKA SOOD  |  FRIDAY, 12 FEB 2021
Deutsche Bank has appointed a returning executive as its head of financial institutions group for Australia. Martin Nosek most recently worked at Nomura as the head of FIG Australia and co-head of FIG Asia Pacific. Prior to this, he spent 14 years at ...

Banks return $1.2bn for bad advice

ELIZA BAVIN  |  FRIDAY, 12 FEB 2021
Six of Australia's largest banks have paid or offered a total of $1.24 billion in compensation to customers, according to new ASIC figures. The funds have been returned to customers who suffered loss or detriment due to fees for no service misconduct ...

Financial sector has deep pockets for philanthropy: Report

KARREN VERGARA  |  FRIDAY, 12 FEB 2021
A new philanthropic report finds that ASX-listed financial firms were among the largest donors that gave generously to the coronavirus and bushfire appeals. An analysis by Strive Philanthropy found the largest ASX-listed companies pledged $1.1 billion ...

Ponzi schemer succeeds at appeal

ELIZABETH MCARTHUR  |  FRIDAY, 12 FEB 2021
A die-hard Collingwood Magpies fan who, with his wife, scammed friends they met through the football club of over $1 million, has had success at appeal. Douglas Johnston, together with his wife Maureen Johnston, were found by ASIC to have run a dodgy ...

Chief economist update: Light at the end of the Euro tunnel

BENJAMIN ONG  |  FRIDAY, 12 FEB 2021
It's beginning to look a lot like the Eurozone economy wouldn't be able to dodge a double-dip recession given tighter and/or extended coronavirus restrictions and lockdowns remain in place in many of its member countries. Eurozone GDP fell into ...

ASX profits slide, names chair

ANNABELLE DICKSON  |  THURSDAY, 11 FEB 2021
The Australian Securities Exchange (ASX) has recorded a fall in profit in its half-year results and has replaced its chair following the retirement of its incumbent. Net profit after tax dropped 3.4% to $241.8 million and net interest income down 39.5% ...