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Showing 3361 - 3370 of 17956 results for "Bank"

Netwealth booms amid pandemic

ALLY SELBY  |  FRIDAY, 10 JUL 2020
... lifting 4.2% or by 3261 accounts to 81,804. This increase can be partly attributed to the market disruption caused by the major bank players exiting wealth management, Heine said. "The market remains highly fragmented and with platform M&A activity accelerating ...

Chief economist update: We're all Victorians now

BENJAMIN ONG  |  FRIDAY, 10 JUL 2020
... retail spending in response to the decline in infections and the easing of restrictions in most of the country." Reserve Bank of Australia governor Philip Lowe issued this statement at the conclusion of the central bank's Board meeting on 7 July. ...

Banks throw Australians a second lifeline

ALLY SELBY  |  THURSDAY, 9 JUL 2020
... or a combination of these methods. Over 800,000 loans have been deferred during the COVID-19 crisis. "This next phase of bank support will avoid a 'cliff' for customers in September and give them the breathing space they need to work with their bank ...

Pengana sales manager departs for Sunshine State

ALLY SELBY  |  THURSDAY, 9 JUL 2020
Pengana Capital's national sales manager for private banking and wealth has left the firm after more than five years, setting his eyes on a new life in sunny Queensland. Alex Keen joined Pengana in June 2015 as a regional distribution manager for ...

Chief economist update: UK plans for jobs

BENJAMIN ONG  |  THURSDAY, 9 JUL 2020
... reflecting investors' continued sense of caution amid the lingering uncertainty surrounding the pandemic so much so that the Bank of England (BOE) and the Exchequer remain on their toes. While the BOE kept the bank rate unchanged at a record low ...

Financial institution charged over Epstein scandal

ELIZA BAVIN  |  THURSDAY, 9 JUL 2020
The US Department of Financial Services (DFS) has hit Deutsche Bank with a US$150 million penalty for the bank's relationship with disgraced financier Jeffrey Epstein. This marks the first enforcement action by a regulator against a financial institution ...

NAB Private executive departs

KANIKA SOOD  |  WEDNESDAY, 8 JUL 2020
After Anthony Healy's departure from National Australia Bank's private banking business in March, another executive has left the bank. NAB Private customer executive Jason Murray is joining ASX-listed fintech FlexiGroup Limited as its chief financial ...

Sequoia acquires advice firm

ALLY SELBY  |  WEDNESDAY, 8 JUL 2020
Sequoia Financial Group has entered into a purchase of assets agreement with financial advice firm Total Cover Australia, through the company's subsidiary InterPrac Securities. It is the fourth acquisition of a retiring InterPrac adviser's portfolio ...

RBA prepares to scale up bond buying

ELIZA BAVIN  |  WEDNESDAY, 8 JUL 2020
The Reserve Bank of Australia kept interest rates steady at its July meeting but said it is standing ready to scale-up its bond buying purchases again to ensure bond markets remain functional. The RBA board decided to maintain the current policy settings ...

JBWere to continue using Praemium

KANIKA SOOD  |  TUESDAY, 7 JUL 2020
JBWere has extended its agreement with the ASX-listed platform business to provide reporting and non-custodial administration for the private banking giant's wealth management client portfolios. JBWere will continue using Praemium for another two years. ...