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Showing 3401 - 3410 of 17956 results for "Bank"

Chief economist update: Japan on the mend but BOJ, Abe not taking any chances

BENJAMIN ONG  |  WEDNESDAY, 24 JUN 2020
... rewarded with encouraging indications of recovery in the economy. This is highlighted by the improvement in the au Jibun Bank Japan PMI surveys. Preliminary estimates show the composite index rising to a reading of 37.9 in June from May's final reading ...

AMP Life sale nears completion, new execs appointed

KANIKA SOOD  |  TUESDAY, 23 JUN 2020
... AMP Life has appointed a chief investment officer and a deputy, as its sale to Resolution Life crosses New Zealand central bank's concerns raised last July. The sale was first announced in October 2018 for $3.3 billion and the completion date set for ...

Marianne Perkovic to depart CBA

ALLY SELBY  |  TUESDAY, 23 JUN 2020
The Commonwealth Bank has confirmed Marianne Perkovic will depart Australia's biggest bank, pointing to the recent transition of its private banking division as grounds for the exit. CBA's private banking business recently shifted to sit within ...

Capital raisings top $27bn, dividends down $10bn

ELIZA BAVIN  |  TUESDAY, 23 JUN 2020
New research from Ord Minnet reveals capital raisings topped $27 billion as at June 22, while dividends have been slashed by $10 billion. Ord Minnett said among the three categories of capital management initiatives, capital raisings include share placements ...

ASIC sues CBA, CFS over RC case

HARRISON WORLEY  |  TUESDAY, 23 JUN 2020
ASIC is taking Commonwealth Bank and its wealth arm, Colonial First State, to task over $22 million in conflicted remuneration issues which it alleges ran up until June 30 last year. The corporate regulator has sued CBA, and the investment arm of its ...

ATO cracks down on ERS misuse

ELIZA BAVIN  |  MONDAY, 22 JUN 2020
... eligible could successfully apply," ISA said. "Unfortunately, those concerns have been realised with troubling reports of bank data showing money from super was being spent on discretionary items like alcohol, furniture or gambling." ISA said members ...

Investment scams pry $126m from Aussie hands

ALLY SELBY  |  MONDAY, 22 JUN 2020
... reported over 85,000 scams with losses of $64 million, while men lost $78 million to more than 78,000 scams. Scammers used bank payments, peer-to-peer payments, payment apps and gateways, fintechs such as Afterpay and ZipPay, digital wallets, gift cards ...

Chief economist update: Victoria's Cinderella moment

BENJAMIN ONG  |  MONDAY, 22 JUN 2020
Victoria was primed and pumped for the second stage of looser coronavirus restrictions after the clock strikes midnight on June 22. From 12:01 am, 50 people (increased from 20) would be allowed inside cafes, restaurants, cinemas, theatres, auditoriums ...

HESTA asks Retirement Income Review to consider ERS

KANIKA SOOD  |  FRIDAY, 19 JUN 2020
The $52 billion industry super fund says its younger members have "virtually drained" their retirement savings during COVID-19 and is asking the Retirement Income Review to urgently consider ERS's impact on women's retirement outcomes. About ...

Australia lagging on robo-advice

HARRISON WORLEY  |  FRIDAY, 19 JUN 2020
Australia is still dragging the chain on robo-advice but there is hope for local providers, according to new global research on the take-up of the technology. Latest Investment Trends shows Australia is still lagging behind when it comes to the adoption ...