Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 3881 - 3890 of 17956 results for "Bank"

Modest but meaningful growth on the horizon: Aviva

ELIZA BAVIN  |  TUESDAY, 7 JAN 2020
Global growth is expected to pick up around 3.25% in 2020, up from 3% in 2019, with new research suggesting fears of a severe turndown or recession have significantly diminished. Research from Aviva Investors suggests that global growth is expected ...

Former Challenger executive joins ASX board

ELIZABETH MCARTHUR  |  MONDAY, 6 JAN 2020
The ASX has announced the appointment of a new non-executive director. Robert Woods joins the board with effect from 1 January 2020 and will stand for election at the ASX's general meeting at the end of September this year. "The Board and I are ...

Industry digs deep amid bushfire crisis

ELIZABETH MCARTHUR  |  MONDAY, 6 JAN 2020
... lose their lives. The big banks were amongst the first businesses in the country to issue responses, with ANZ, Commonwealth Bank and National Australia Bank each pledging $1 million to support communities affected by bushfires. NAB's disaster relief ...

Consumer data right for open banking delayed

ALLY SELBY  |  FRIDAY, 20 DEC 2019
The ACCC has delayed the launch of consumer data right (CDR) for the banking sector to July 2020, postponing key components of the reform that would have allowed the kick-off of open banking in Australia by February next year. Consumers will now be ...

New Year, new APRA

ALLY SELBY  |  FRIDAY, 20 DEC 2019
... Council of Financial Regulators (CFR) including the Australian Securities and Investments Commission (ASIC), The Reserve Bank of Australia (RBA) and Treasury," it said. "However APRA has recognised it can promote more coordinated and streamlined approaches ...

ANZ overcharges 3.4 million customers

ALLY SELBY  |  THURSDAY, 19 DEC 2019
... latest of the big four to be hit by the banking blues - identifying 3.4 million customers who have been overcharged as the bank swiftly makes good on recommendations from the Hayne Royal Commission. ANZ chief executive Shayne Elliot told shareholders ...

Market Forces takes aim at big banks

ELIZABETH MCARTHUR  |  THURSDAY, 19 DEC 2019
... Market Forces has ramped up its efforts to influence Australia's largest financial institutions. Ahead of National Australia Bank's annual general meeting, the group released a statement saying NAB will face a shareholder resolution calling on it to ...

Westpac to pay $9.5m for Corps Act breaches

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
... brought against Westpac by ASIC in June 2018. ASIC's investigation found internal Westpac reviews, including an internal bank investigation in 2010, raised concerns about Sinha's compliance history. Despite this, he continued to receive several ...

What you read in 2019: Financial advice

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
... the departure of BT Financial Group chief executive Brad Cooper, BT Financial Advice chief Mike Wright and Westpac consumer bank chief executive George Frazis. 5. Grandfathered commissions to be banned Hot on the heels of the Royal Commission's final ...

Chief economist update: Stock rally heralds 2020 cheer

BENJAMIN ONG  |  THURSDAY, 19 DEC 2019
... normalising monetary policy to cutting the fed funds rate this year while maintaining interest rate settings, the European Central Bank (ECB) embarked on TLTRO III and re-started QE, China boosted both monetary and fiscal policies, the Bank of England ...