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Showing 3301 - 3310 of 17956 results for "Bank"

Wealth manager takes massive profit hit

ELIZA BAVIN  |  FRIDAY, 31 JUL 2020
... COVID-19. The wealth manager reported an underlying profit for all businesses, including Australian wealth management, AMP Bank, AMP Capital and New Zealand wealth management, of $140-150 million. For the same corresponding period last year, AMP posted ...

Sydney boutique expands team

KANIKA SOOD  |  THURSDAY, 30 JUL 2020
A global equities boutique started by Evans & Partners' former head of international equities has added two members to its investment team. Aoris Investment Management was established by Stephen Arnold in 2017. It runs a concentrated portfolio of ...

Gold rally continues to hit new highs

ALLY SELBY  |  THURSDAY, 30 JUL 2020
... keeps the strategic view on gold front and centre - the hedge against monetization of expanding deficits, exploding central bank balance sheets, debasement of fiat currency, and yield curve control," Creagh said. "In other words, a store of value outside ...

Macquarie fired 32 people in "consequence management"

ELIZABETH MCARTHUR  |  THURSDAY, 30 JUL 2020
During the Macquarie Group annual general meeting and results update chair Peter Warne touched on the bank's "consequence management", highlighting the consequences of inappropriate behaviour. He said that in financial year 2020, there were 164 matters ...

CBA ups remediation bill for advice

ELIZA BAVIN  |  THURSDAY, 30 JUL 2020
The Commonwealth Bank of Australia has announced an extra $300 million has been added to its remediation bill in relation to ongoing service fee and customer remediation costs. CBA said it is constantly addressing the full range of remediation issues ...

Banking crisis more likely in conflicted countries: IMF

ELIZA BAVIN  |  THURSDAY, 30 JUL 2020
... Sierra Leone civil war (1991-2002), where more than 40% of banking system loans were non-performing and the licence of one bank was suspended in 1994. In Central African Republic, bank non-performing loans increased to more than one-third of total loans ...

Watchdog warns of celebrity-endorsed bitcoin scams

ALLY SELBY  |  THURSDAY, 30 JUL 2020
... difference (CFDs), ASIC said. The investor will then be asked to deposit funds into an account, via a crypto wallet or their bank account. "In some instances, when the investor logs into their account, it may look as though they are making profits initially ...

Financial comfort reliant on fiscal support: ME Bank

ANNABELLE DICKSON  |  THURSDAY, 30 JUL 2020
... increased to near record highs throughout the pandemic as a result of government fiscal stimulus measures, according to ME Bank's latest Household Financial Comfort Report. Household financial comfort increased 3% to 5.76 out of 10 in the six months ...

Chief economist update: Cheaper prices not a bargain

BENJAMIN ONG  |  THURSDAY, 30 JUL 2020
... restrictions. For those interested, applying the 'Taylor Rule' - "a monetary-policy rule that stipulates how much the central bank should change the nominal interest rate in response to changes in inflation, output, or other economic conditions" ...

Banks ordered to reduce dividend payout ratios

KANIKA SOOD  |  WEDNESDAY, 29 JUL 2020
... capital buffers to absorb the impacts of stress, and continue to lend to support households and businesses. Commonwealth Bank, for example, currently targets 70% to 90% full-year dividend payout ratio. Last year, the big four banks accounted for about ...