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Showing 3441 - 3450 of 17956 results for "Bank"

CBA coughs up $5m over RC case study

ALLY SELBY  |  TUESDAY, 9 JUN 2020
ASIC has trumped the Commonwealth Bank for failures in its AgriAdvantage Plus Package, with the Federal Court of Australia ordering the bank to cough up a $5 million penalty. On Friday, the Court found that the bank had breached the ASIC Act and Corporations ...

Business leaders recognised

ELIZA BAVIN  |  TUESDAY, 9 JUN 2020
... service to the superannuation sector, to women, and to trade unions. Additionally, chair of Kirwood Capital and director of ME Bank, Christine Christian was recognised for her services to the financial and investment sectors, as well as to women in business. ...

BlackRock drops fees on bond ETFs

KANIKA SOOD  |  FRIDAY, 5 JUN 2020
BlackRock has cut the fees on three fixed income ETFs for Australian investors, bringing them under 20bps per year each. The iShares Core Composite Bond ETF (IAF) will go from charging 20 bps per year in management fees to 15bps. Both iShares Government ...

Chief economist update: The ECB's PEPP economy

BENJAMIN ONG  |  FRIDAY, 5 JUN 2020
When the going gets tough... the European Central Bank (ECB) gets more policy provision going. At its June 4 Governing Council meeting, the central bank raised the size of its Pandemic Emergency Purchase Program (PEPP) by €600 billion to a total of ...

IFM Investors hits back at MP demanding probe

KANIKA SOOD  |  THURSDAY, 4 JUN 2020
... media reports regarding your referral to APRA and ASIC do not clearly indicate that the sought for investigation will include bank-owned retail funds - which were the locus of misconduct in the Royal Commission, and were found to systematically underperform ...

Asgard, Future Super shamed on ERS

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUN 2020
At a hearing of the House of Representatives Standing Committee on Economics that was supposed to focus on ME Bank's recent troubles, the super funds performing poorly in terms of early release copped surprise criticism. APRA had advised that early ...

Chief economist update: Australian recession - the next generation

BENJAMIN ONG  |  THURSDAY, 4 JUN 2020
... Germany (-2.2%), France (-5.3%), Italy (-5.3), Japan (-0.9%), the UK (-2.0) and China (-9.8%). This justifies the Reserve Bank of Australia's (RBA) positive outlook for the domestic economy. "...it is possible that the depth of the downturn will ...

38 staff punished over AUSTRAC scandal: Westpac

ELIZA BAVIN  |  THURSDAY, 4 JUN 2020
... range of remuneration consequences as a result of the bank's investigations into the AUSTRAC scandal. In a statement, the bank confirmed it should have recognised the faults in its systems earlier. "The report noted that, with the benefit of hindsight ...

Economic outlook not as bad as predicted: RBA

ELIZA BAVIN  |  WEDNESDAY, 3 JUN 2020
The Reserve Bank of Australia governor Phillip Lowe said the extent of the economic downturn, as a result of the impacts of COVID-19, is not as dire as expected. At the June meeting, the RBA board decided to maintain the current policy settings, keeping ...

Fed buys up BlackRock ETFs

ELIZA BAVIN  |  WEDNESDAY, 3 JUN 2020
... biggest winner of the US Federal Reserve's corporate bond buying program, with its ETFs making up around half of the central bank's purchases. The Fed bought US$1.58 billion in investment grade and high-yield ETFs in May; six were high-yield ETFs and ...