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Showing 3541 - 3550 of 17956 results for "Bank"

Aussie banks battered by pandemic

ALLY SELBY  |  TUESDAY, 5 MAY 2020
Australia's banks have been hit hard by the COVID-19 pandemic, with cash earnings down more than 40% compared to the same time last year. According to EY analysis of Australia's big four banks' half year results, combined cash earnings were ...

Mayfair 101 reveals new sub-division, hires chief

ELIZABETH MCARTHUR  |  TUESDAY, 5 MAY 2020
... The regulator took issue with Mayfair's use of Google AdWords which meant when consumers searched for term deposits, bank term deposit, term deposit alternative or term investment Mayfair debenture products would appear as sponsored links. ASIC accused ...

Pendal appoints new head of HNW distribution

KANIKA SOOD  |  MONDAY, 4 MAY 2020
A Sydney equities' boutique's chief executive has jumped to Pendal Group to work as its head of high net worth distribution. Lee Hopperton was most recently the chief executive and distribution head of value manager Auscap Asset Management in ...

ERS top of mind for advisers

ELIZA BAVIN  |  MONDAY, 4 MAY 2020
Early release of super was the topic most frequently asked about by advisers during March and April, according to new figures from AMP's technical adviser support team. The next most asked about issue was minimum pension drawdowns as the government ...

Westpac to review business units

JAMIE WILLIAMSON  |  MONDAY, 4 MAY 2020
Westpac has determined several of its business units lack sufficient scale, including superannuation and investments, and is set to launch a review aimed at simplifying the group. Announcing results today, Westpac said it is establishing a new specialist ...

Markets slump as US jobless claims hit 30m

ALLY SELBY  |  FRIDAY, 1 MAY 2020
... the declines were led by energy despite a 28% rise in crude prices to US$19.31 per barrel, financials despite fresh central bank support announcements and utilities. "The overnight moves places four sectors in bear market territory, whereas healthcare ...

Lloyds profits down 95%

ELIZABETH MCARTHUR  |  FRIDAY, 1 MAY 2020
UK bank Lloyds reported a profit plunge of 95% compared to the first quarter of 2019 in its latest results. The significant dive in statutory profit was impacted by an impairment charge which occurred due to changes in Lloyds Banking Group's reporting ...

Aussie analysts share COVID-19 investment tips

ALLY SELBY  |  THURSDAY, 30 APR 2020
With global markets rocking one way and the other in the last two months, it's not too far a stretch to imagine investors are feeling a little seasick, or at the least dumbfounded. Despite a recession knocking on the world's door, investors ...

Junk by name, junk by nature?

ALLY SELBY  |  THURSDAY, 30 APR 2020
... wanted to follow suit. "We've seen some investors looking to participate in credit markets particularly where central bank programs have been introduced such as in parts of the high yield bond market," he said. "More Australian investors are starting ...

Super CIOs defend illiquid assets

ELIZABETH MCARTHUR  |  THURSDAY, 30 APR 2020
... argued that COVID-19 was not that unusual of an event, when stripped down to economic basics. He cited work from Deutsche Bank chief economist Torsten Slok who noted that the US has had a recession every decade since 1770. "The trigger is unusual, but ...