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Showing 3871 - 3880 of 17956 results for "Bank"

Platform ends year with hiring spree

ELIZABETH MCARTHUR  |  THURSDAY, 9 JAN 2020
... distribution manager. Machovsky brings over 15 years' experience in the industry having previously worked at National Australia Bank, BT and the Commonwealth Bank. Meanwhile, Oliver jumped to Xplore from HUB24 where he was a business development manager. ...

AMP to cull super trustee, five funds

HARRISON WORLEY  |  THURSDAY, 9 JAN 2020
Francesco De Ferrari's long touted shake-up of AMP's wealth management business is starting to take shape, with the firm just months away from culling a superannuation trustee and five super funds. Responding to a question on notice from its November ...

Chief economist update: The rise and fall of oil

BENJAMIN ONG  |  THURSDAY, 9 JAN 2020
Crude oil prices rose in the early months of the New Year on the escalation of tensions between the US and Iran after an American drone strike in Iraq on January 3 that killed Qassem Soleimani -- the head of Iran's elite Quds military force. The ...

ASIC bans former Charter, NAB adviser

KANIKA SOOD  |  WEDNESDAY, 8 JAN 2020
A financial adviser who worked for AMP's Charter Financial Planning and NAB's GWM Adviser Services has been handed a four-year ban after the regulator reviewed a sample of his client files. David O'Brien failed to consider his clients' ...

Goldman Sachs realigns reporting structure

ALLY SELBY  |  WEDNESDAY, 8 JAN 2020
... powerhouse Goldman Sachs has overnight announced new reporting structures for its financial results, in a move that will align the bank closer with its Wall Street peers. The changes come just a week short of the bank's fourth-quarter earnings, as well ...

Chief economist update: Moving target

BENJAMIN ONG  |  WEDNESDAY, 8 JAN 2020
What's a central bank to do if after so many years of policy accommodation it still couldn't hit its target? Move the goalpost, of course. The US Federal Reserve has cut interest rates three times (by 75 basis points) last year from 2.5% to ...

FPA offers pro bono support to bushfire victims

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 JAN 2020
The Financial Planning Association of Australia is establishing a pro bono program where members can volunteer their time to help Australians impacted by the ongoing bushfire crisis. "The FPA community supported those who suffered in the 2009 Black ...

China's growth to slow: PIMCO

ELIZA BAVIN  |  WEDNESDAY, 8 JAN 2020
... expects fiscal policy to provide a partial cushion to growth, and projects a fiscal "thrust" of around 1% of GDP. "The People's Bank of China is effectively on hold in an effort to anchor inflation expectations over the cyclical horizon, although it ...

$3.3 billion fall in retail managed funds

ELIZABETH MCARTHUR  |  TUESDAY, 7 JAN 2020
... negative territory, down 5% and 1.9% respectively. For IOOF retail managed funds had a little boost of 6.2%, Commonwealth Bank and Colonial First State saw a 5.1% increase, Macquarie rose by 4% and BT Financial Group increased 3.4%. Year on year Inflows ...

MLC Life Insurance under review

ELIZA BAVIN  |  TUESDAY, 7 JAN 2020
... Insurance owner Nippon Life. The Japan-based majority shareholder of MLC Life purchased the business off National Australia Bank in 2015, though the two parties are currently disputing the terms of the sale. In a submission to the Tokyo Stock Exchange ...