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Showing 3551 - 3560 of 17956 results for "Bank"

Local financial sector to lose $3.5bn plus

KANIKA SOOD  |  THURSDAY, 30 APR 2020
COVID-19 will shave off more than $3.5 billion from the banking and finance industry in lost wages and profits in the four months to July, according to Deloitte Access Economics. Deloitte Access Economics Partners partner Chris Richardson estimates ...

Financial services boards overpaid: Research

HARRISON WORLEY  |  THURSDAY, 30 APR 2020
... said. "In contrast, the top 10 highest remuneration-to-market-cap ratio boards in Australia are Virgin Money UK, AMP, Resmed, Bank of Queensland, Link Group, Star Entertainment Group, Soul Pattinson, Worley Parsons, James Hardie and Challenger." However ...

Former Spectrum Wealth, NAB advisers banned

ELIZA BAVIN  |  THURSDAY, 30 APR 2020
... Alexander Thomas from providing financial advice for three years. Thomas was an authorised representative of National Australia Bank between 2008 and 2017, and of Forsyths Financial Services between 2017 and 2019. ASIC found Thomas failed to comply with ...

Chief economist update: No cheers as RBA hits inflation target

BENJAMIN ONG  |  THURSDAY, 30 APR 2020
Mission accomplished! This would have been the Reserve Bank of Australia's (RBA) self-congratulatory exclamation after the Australian Bureau of Statistics (ABS) reported that annual headline CPI inflation accelerated to 2.2% in the March quarter ...

Private asset consultant makes global hire

ALLY SELBY  |  THURSDAY, 30 APR 2020
A global private asset consultant and manager with offices in New York, Paris, Geneva and Singapore has made an executive hire, set to boost investment opportunities for local investors and super funds. Flexstone Partners, an affiliate of Natixis Investment ...

ANZ profits halve, dividend deferred

JAMIE WILLIAMSON  |  THURSDAY, 30 APR 2020
... of COVID-19." The pandemic has clearly impacted performance, but work done in recent years to simplify ANZ will serve the bank well during this period, Elliott said. The bank also announced the appointment of its first group executive, data and automation ...

CBA sells CommSec Adviser Services

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 APR 2020
The Commonwealth Bank has entered into an agreement to sell AUSIEX, which trades as CommSec Adviser Services, to a Japanese firm. Nomura Research Institute, a Japanese technology solutions and business consulting firm, has entered into an $85 million ...

Chief economist update: Approaching peak isolation

BENJAMIN ONG  |  WEDNESDAY, 29 APR 2020
... surpassed that thought imaginable by most economists, the headline index falling far below consensus estimates." The au Jibun Bank flash Japan composite PMI dropped to 27.8 in April from 36.2 in the previous month. This is the sharpest fall in the survey's ...

BlackRock turns optimistic on credit

KANIKA SOOD  |  TUESDAY, 28 APR 2020
Central bank action including buying corporate bonds combined with cheapened valuation has led BlackRock Investment Institute to upgrade credit to a modest overweight. BlackRock's latest six to 12 month tactical views on major global asset classes (in ...

Dividends could take years to return: UBS

ELIZA BAVIN  |  TUESDAY, 28 APR 2020
UBS estimates that it may take over three years to return to 2019 dividend payouts due to COVID-19 related cuts and suspensions. UBS equity strategist Pieter Stoltz said, based on UBS forecasts, market earnings per share (EPS) will not return to financial ...