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Showing 3491 - 3500 of 17956 results for "Bank"

Plan for the worst, hope for the best

ALLY SELBY  |  THURSDAY, 21 MAY 2020
... Wilson Asset Management's Geoff Wilson has encouraged investors to plan for the worst and hope for the best as central bank liquidity props up equity markets. However, he warns, "hope is not a strategy", and recommends investors accept that things ...

Former CBA executive nabs industry body lead role

ALLY SELBY  |  THURSDAY, 21 MAY 2020
A former Commonwealth Bank executive has nabbed a new chief executive role, following an extensive national recruitment process. The Insurance Council of Australia has announced the appointment of Andrew Hall as chief executive and executive director ...

Chief economist update: Border brawl

BENJAMIN ONG  |  THURSDAY, 21 MAY 2020
... 2019." That's the household side of the equation. Businesses are also none too enthusiastic. The latest Commonwealth Bank Flash Composite PMI survey for May indicated continued decline in business activity despite gradual easing of social restrictions ...

Client drags advice firm, advisers to court

KANIKA SOOD  |  WEDNESDAY, 20 MAY 2020
A woman has dragged an advice firm and its leads to court, claiming they took control of her bank accounts and misappropriated about $1.4 million of her money. Danusia Giam is seeking compensation from Melinda and Robert Patterson and three related ...

Australia approaches fiscal cliff: UBS

ALLY SELBY  |  WEDNESDAY, 20 MAY 2020
... on government payments; vs total employment of ~13mn (of which another ~2mn are public sector employees)," UBS said. The bank expects LFS employment to continue to decline over the coming months, with the unemployment rate lifting towards 101/2%. "However ...

Westpac announces executive changes

ALLY SELBY  |  TUESDAY, 19 MAY 2020
... compliance and conduct. Recently appointed Westpac chief executive Peter King thanked Lindberg and Bright for their service to the bank. "Lindberg made significant progress on improving customer satisfaction and the digital experience, while Bright improved ...

Opportunities exist in high yield: Eaton Vance

ALLY SELBY  |  TUESDAY, 19 MAY 2020
Wealth manager Eaton Vance believes there to be investment opportunity in the current volatile environment for global high yield investors, with relatively attractive returns expected for the coming 12 months. Following the strong rally in asset markets ...

Platform to shine light on structured products

HARRISON WORLEY  |  TUESDAY, 19 MAY 2020
An investment platform is promising to shine light on the opaque structured product market, helping advisers and their clients understand more about the traditionally exclusive offerings. Local fintech Stropro has launched a new reporting solution designed ...

S&P kicks companies off ESG index

ELIZABETH MCARTHUR  |  TUESDAY, 19 MAY 2020
The S&P 500 ESG Index has completed its second annual rebalancing since it launched last year, with some surprising companies kicked out. Twitter and Walmart were dropped from the ESG index for failing to meet certain ESG standards while Facebook, which ...

Pendal awards registry mandate

KANIKA SOOD  |  MONDAY, 18 MAY 2020
ASX-listed Pendal Group has picked a new unit registry provider for $19 billion in funds under administration across its Australian funds. Mainstream Group Holdings'Australian business has entered a five-plus-five-year agreement with Pendal to provide ...