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Showing 3811 - 3820 of 17956 results for "Bank"

ANZ completes OnePath sale to IOOF

ELIZABETH MCARTHUR  |  MONDAY, 3 FEB 2020
... October 2019. "ANZ estimates proceeds from the transaction will increase its CET1 capital ratio by ~20 basis points," the bank said in a statement to the ASX. "This business has been reported within ANZ's financial results as part of the discontinued ...

Westpac facing new class action

ELIZA BAVIN  |  MONDAY, 3 FEB 2020
... action on behalf of purchasers of Westpac shares between 11 November 2015 and 19 November 2019. The law firm has named the bank, former chief executive Brian Hartzer and current chief executive Peter King as defendants. It is alleged that the defendants ...

Amish community scammed

ELIZABETH MCARTHUR  |  MONDAY, 3 FEB 2020
An alleged fraudulent investment scheme has targeted the Amish community in the US, with the Securities and Exchange Commission now bringing charges. The SEC's complaint alleges Philip Riehl provided accounting services to Amish and Mennonite communities ...

Chief economist update:China prepares anti-viral injection

BENJAMIN ONG  |  MONDAY, 3 FEB 2020
... Not surprisingly, markets are bracing for a big fall in China's stock market when it opens today. But the People's Bank of China (PBOC) is on top of this. Reuters reports that China's central bank said it will inject 1.2 trillion yuan ($174 ...

Overhaul bites Deutsche Bank bottom line

ALLY SELBY  |  FRIDAY, 31 JAN 2020
Multinational investment powerhouse Deutsche Bank is looking worse for wear, posting a full-year net loss of $8.71 billion (€5.3 billion). The multi-billion dollar loss has been driven by the bank's strategic transformation project, which saw ...

Link Group expands with Europe acquisition

ELIZA BAVIN  |  FRIDAY, 31 JAN 2020
Link has entered into a binding agreement to acquire a European loan servicing, advisory and asset management business. Link Group is set to acquire 100% of Pepper European Servicing (PES) for an upfront payment of around $266 million, and a further ...

AMP urged to mediate with advisers

ELIZA BAVIN  |  FRIDAY, 31 JAN 2020
The Australian Small Business and Family Enterprise Ombudsman, Kate Carnell, has urged AMP to formally commit to mediation as it moves to exit up to 250 financial planning businesses. Carnell said over 80 AMP advisers have visited her offices in the ...

Chief economist update: It's a holiday for the Fed

BENJAMIN ONG  |  FRIDAY, 31 JAN 2020
... Given "current" market expectations, this would be an appropriate sign on the Fed's door. As expected, the US central bank kept monetary policy settings unchanged at the conclusion of its January FOMC meeting. "The Committee decided to maintain the ...

Bearish sentiment bites Aussie investors

ALLY SELBY  |  THURSDAY, 30 JAN 2020
Aussie investors have swapped the bull for the bear, as macroeconomic and geopolitical tensions weigh heavily on high hopes for a repeated 2019. That's according to the latest research from Investment Trends, which found that investor sentiment ...

Uncertainty remains for global outlook: TCorp

ELIZA BAVIN  |  THURSDAY, 30 JAN 2020
... and fiscal policy and whether this is appropriate," Redican said. Closer to home, the report said it expects the Reserve Bank of Australia to cut rates a further 50bps this year, which would bring the official cash rate down to 0.25%. Redican said TCorp ...