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Showing 3831 - 3840 of 17956 results for "Bank"

The growing risk to financial advisers

ALLY SELBY  |  THURSDAY, 23 JAN 2020
Financial advisers must act to repair the trust deficit or risk being superseded by superannuation funds. That's according to advisory and accounting firm HLB Mann Judd's Michael Hutton, who warned of the threat the changes could have to financial ...

New chief at HSBC Australia

ELIZABETH MCARTHUR  |  THURSDAY, 23 JAN 2020
... HSBC's Middle East, North Africa and Turkey business. Mclean has been with HSBC since 1996 and has worked for the global bank across Asia-Pacific, North America and Europe. He was president and chief executive of HSBC Japan between 2012 and 2016. ...

American private debt fund eyes Australia

KANIKA SOOD  |  THURSDAY, 23 JAN 2020
A private debt manager with stellar past returns, is eyeing local superannuation funds as it starts to raise for a new fund. Victory Park Capital, headquartered in Chicago, is best known in the US for lending to financial services companies, focused ...

Fintech appoints former super fund chief

ALLY SELBY  |  THURSDAY, 23 JAN 2020
... as a director of Credit Corp Group, Cuscal Limited and Ruralco Holdings. Previously, Vonhoff worked as a director at AMP Bank, Cabcharge, Tennis NSW and the Westpac Staff Superannuation Fund. She held senior executive roles at Westpac and AMP for 13 ...

Government opens BEAR extension consultation

HARRISON WORLEY  |  THURSDAY, 23 JAN 2020
More than a year after it was recommended by Commissioner Kenneth Hayne, the government has taken steps to extend the Banking Executive Accountability regime to include super funds and other APRA-regulated entities. Set to be known as the Financial ...

Your Super, Your Choice debate heats up

ELIZABETH MCARTHUR  |  THURSDAY, 23 JAN 2020
The Financial Services Council and the Australian Institute of Superannuation Trustees aired some grievances about the planned Your Superannuation, Your Choice legislation. FSC chief executive Sally Loane said while the FSC broadly supports the new ...

Class action accuses CFS of dodgy insurance fees

ELIZABETH MCARTHUR  |  THURSDAY, 23 JAN 2020
... that hundreds of thousands of Australians were charged excessive insurance premiums. The action alleges CFS, as Commonwealth Bank's superannuation provider, put members into policies with CommInsure and that the fees charged in these CommInsure policies ...

Banking sector losses continue

ELIZA BAVIN  |  THURSDAY, 23 JAN 2020
... down 26%, and the second biggest against all other companies in the report. The report estimates the financial loss to the bank is in the range of $2.5 billion to $6.8 billion as a result. "The brand's revenue has been falling consistently over the past ...

Westpac appoints new chair

ELIZA BAVIN  |  THURSDAY, 23 JAN 2020
... the AUSTRAC statement of claim," Maxsted said. The appointment comes after AUSTRAC launched legal proceedings against the bank, alleged 23 million breaches of the anti-money laundering and anti-terrorism laws. The scandal led to the former chief executive ...

MLC Life chief steps down

JAMIE WILLIAMSON  |  WEDNESDAY, 22 JAN 2020
... as the first chief executive, its establishment as a standalone life insurer whilst separating from the National Australia Bank and joining the Nippon Life Insurance Group," MLC Life said. "This has been a complex and difficult task and has required ...