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Showing 3501 - 3510 of 17956 results for "Bank"

Westpac admits to failures

ELIZABETH MCARTHUR  |  MONDAY, 18 MAY 2020
... issues raised by the AUSTRAC claim and has made a large number of admissions in its response to the Statement of Claim," the bank said in a statement. The defence filed makes a series of admissions of failures. These include the non-reporting of international ...

Global dividends to fall 15%: Janus Henderson

ELIZA BAVIN  |  MONDAY, 18 MAY 2020
Dividends in the first quarter were almost entirely unaffected by the COVID-19 pandemic but for the rest of the year the impact will be significant, according to the latest Global Dividend Index from Janus Henderson. The company said Q1 represented ...

Multi-boutique warns of fourth quarter reckoning

ALLY SELBY  |  MONDAY, 18 MAY 2020
... manager has warned of an ultimate reckoning in the fourth quarter, as global bourses continue to ascend on the back of central bank and government stimulus. Despite woeful economic data, US equity indices have been dancing to their own tune, according ...

ASX-listed brokerage appoints managing director

ALLY SELBY  |  MONDAY, 18 MAY 2020
... EVZ. Previously, Edgley served as a non-executive director of Praemium for 12 years, and has also spent time with the Royal Bank of Scotland, Greenwich Natwest, and County Natwest in senior roles. Edgley is set to receive a $300,000 pay cheque each year ...

Law firm bolsters financial services team

ELIZA BAVIN  |  FRIDAY, 15 MAY 2020
... regulator at the UK's Financial Conduct Authority, focussing on conduct in retail banks, and was seconded in-house at a UK retail bank. Henry's focus will be on the financial services sector locally and internationally, helping firms in that sector with ...

Road to recovery

ELIZA BAVIN  |  THURSDAY, 14 MAY 2020
... thrive through the next decade." "Proactively respond rather than react." Belinda Allen, senior economist at Commonwealth Bank, said housing and business investment in likely to remain weak for a while longer. "Generally business investment falls quite ...

ASIC secures $160m in remediation over junk credit insurance

ALLY SELBY  |  THURSDAY, 14 MAY 2020
... from 11 major banks and lenders between 2011 and 2018. These include offerings from ANZ, Australian Central Credit Union, Bank of Queensland, Bendigo and Adelaide Bank, Citigroup, Commonwealth Bank, Credit Union Australia, Latitude Finance Australia ...

Revenues lift 30% at Xero

ALLY SELBY  |  THURSDAY, 14 MAY 2020
Accounting software company Xero has seen its full year earnings to March 31 lift 30% to $718.2 million, as financial advisers and accountants shift to digital solutions to run their businesses. Xero's net profit rose to $3.3 million; a $30.5 million ...

ME Bank pays industry funds no dividends

ELIZABETH MCARTHUR  |  THURSDAY, 14 MAY 2020
MP Tim Wilson has argued industry super funds' ownership of ME Bank is at odds with the sole purpose test as the bank has yet to pay dividends. Following ME Bank's controversial decision to slash redraw balances on some legacy home loans, and ...

Retirees hurt by APRA dividend pressure

ELIZA BAVIN  |  THURSDAY, 14 MAY 2020
... is that some investors, including plenty of self-funded retirees, may never get back to where they once were. "While the bank's capital position is unaltered by having a rights issue to effectively fund the dividend, the shareholders are better off because ...