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Showing 3331 - 3340 of 17956 results for "Bank"

European robo-adviser eyes Australia, taps Westpac exec

ALLY SELBY  |  THURSDAY, 23 JUL 2020
The former head of Westpac's private banking business has brought a Belgium-based robo-adviser down under, and says industry super funds, major banks, broker businesses and dealer groups are already knocking at the door. With its Asia Pacific operations ...

Chief economist update: US-China tensions escalate

BENJAMIN ONG  |  THURSDAY, 23 JUL 2020
Houston, we have a problem. The headlines say it all: "US-China tensions escalate after closure of Houston consulate" - The Guardian "China pledges to retaliate after U.S. orders closure of its consulate in Houston" - Washington Post "U.S. Orders China ...

ASIC will not appeal wagyu and shiraz decision

ANNABELLE DICKSON  |  THURSDAY, 23 JUL 2020
... breaches. ASIC commenced federal court proceedings against Westpac in 2017 alleging that between December 2011 and March 2015 the bank failed to properly assess whether borrowers could meet their repayment obligations before entering into home loan contracts. ...

Westpac nabs Deutsche Bank executive

ELIZA BAVIN  |  THURSDAY, 23 JUL 2020
Westpac has named a new head of institutional banking, hiring from the executive team of Deutsche Bank Australia and New Zealand. Anthony Miller has been appointed chief executive of Westpac Institutional Bank, moving from his current position as chief ...

No such thing as a free lunch: Lowe

ELIZA BAVIN  |  WEDNESDAY, 22 JUL 2020
Reserve Bank of Australia governor Philip Lowe has said the government will likely need to borrow more money, but warned the central bank will not directly provide funding. Giving his annual address to the Anika Foundation, Lowe stressed that while ...

12 charged in $17m fraud

ELIZA BAVIN  |  WEDNESDAY, 22 JUL 2020
... value of the fraud has amounted to over $17 million since July 2018. The statement said that money eventually made it into bank accounts controlled by syndicate members and their associates. A 49-year-old man is alleged to be the director of the organised ...

Bezos adds billions

ELIZA BAVIN  |  WEDNESDAY, 22 JUL 2020
Amazon founder Jeff Bezos added US$13 billion to his net worth in a single day marking the largest single day jump for an individual, according to the Bloomberg Billionaires Index. The spike in wealth was due to a near 8% spike in Amazon shares, due ...

Chief economist update: The next generation

BENJAMIN ONG  |  WEDNESDAY, 22 JUL 2020
... another very positive aspect to this deal as it further underlines an implied commitment to the European project." Berenberg Bank chief economist, Dr. Holger Schmieding, adds: "With the biggest-ever effort of cross-border solidarity, the EU is sending ...

Sovereign investors keen on gold, infrastructure

KANIKA SOOD  |  TUESDAY, 21 JUL 2020
... infrastructure projects (particularly electricity generation and transmission) that meet ESG objectives, the report noted. Central bank reserve portfolio's average allocation to gold inched up from 4.2% in 2019 to 4.8% to March end. The study found ...

Almost 2000 advisers gone so far in 2020

ELIZABETH MCARTHUR  |  TUESDAY, 21 JUL 2020
... advisers and Hillross Financial Services lost 40. It lost even more advisers than ANZ which lost 134 of its 318 as the big bank exited wealth altogether. IOOF, which acquired ANZ's wealth business, added one adviser total over the six month period. ...