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Showing 361 - 370 of 2783 results for "Westpac 16,500"

Compensation bill hits $750m

ELIZA BAVIN  |  WEDNESDAY, 12 FEB 2020
Six of Australia's largest banking and financial services institutions have so far paid, or offered, a total of $749.7 million in compensation to customers, according to new data released by ASIC. The regulator said AMP, ANZ, CBA, Macquarie, NAB and ...

Westpac also owed money by Sargon

KANIKA SOOD  |  THURSDAY, 6 FEB 2020
China's Taiping Trustees is not the only group owed money by Sargon and its related companies. There is also a roughly $35 million debt facility from Westpac bank, Financial Standard understands. The Westpac loan is in addition to previously reported ...

Westpac facing new class action

ELIZA BAVIN  |  MONDAY, 3 FEB 2020
Westpac is facing a new class action over issues connected to the bank's monitoring of financial crime and the recent AUSTRAC scandal. Rosen Law, a US based international investor rights law firm, filed the class action on behalf of purchasers of ...

Major life insurers continue to suffer

HARRISON WORLEY  |  THURSDAY, 23 JAN 2020
... CommInsure bled the most, with 20.3% less risk premium inflows compared to the year before, while AMP (-8.9%), BT and Westpac (-6.9%), MLC (-4.5%) and Zurich (-3.2%) all followed suit. MetLife managed to buck the trend growing by 5%, while smaller player ...

Fintech appoints former super fund chief

ALLY SELBY  |  THURSDAY, 23 JAN 2020
The former chief executive of a $78 billion superannuation fund has joined the board of an ASX-listed fintech. Former First State Super chief Michael Dwyer has joined the board of Iress, alongside Trudy Vonhoff. The two have been appointed as non-executive ...

Banking sector losses continue

ELIZA BAVIN  |  THURSDAY, 23 JAN 2020
Australian banks continue to take a beating, with all of the Big Four losing brand value, according to a report from Brand Finance Australia. The report said the hit comes as the delayed effects of the global economic slowdown are being felt around ...

Westpac appoints new chair

ELIZA BAVIN  |  THURSDAY, 23 JAN 2020
Westpac has appointed John McFarlane to the board as non-executive director and chair-elect, set to replace Lindsay Maxsted on 2 April 2020. McFarlane has over 44 years' experience in the financial services industry both in Australia and internationally ...

Viridian opens new offices

KANIKA SOOD  |  WEDNESDAY, 22 JAN 2020
In some pre-holiday spending, Viridian Advisory over 20 new offices in November, and is looking to launch a mobile app in 2020, says chief executive Glenn Calder. The new locations will house advisers that Viridian picked up last year when it acquired ...

Spaceship goes on executive hiring spree

HARRISON WORLEY  |  MONDAY, 20 JAN 2020
Spaceship has boosted its executive team through the appointment of three executives, including a former leader of Macquarie and Bennelong Asset Management. In a move designed to shore up its systems and drive growth, Spaceship has made three c-suite ...

Mayfair fights for use of word

ELIZA BAVIN  |  MONDAY, 20 JAN 2020
Mayfair 101 is defending a lawsuit over the right to use the word 'platinum', filing a cross claim against Platinum Asset Management, hoping to revoke the word 'platinum' from the trademark register. Mayfair is arguing that the word is a laudatory and ...