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Showing 3891 - 3900 of 17956 results for "Bank"

Tech to topple banking: RBA

ALLY SELBY  |  WEDNESDAY, 18 DEC 2019
Tech companies are poised to disrupt the dominant position of the big four banks on the financial system in the coming years. That's according to the RBA's head of financial stability Jonathan Kearns, who on Monday at the Australasian Finance and Banking ...

Westpac served class action

JAMIE WILLIAMSON  |  WEDNESDAY, 18 DEC 2019
... between 16 December 2013 and 19 November 2019. The claim does not identify the amount of any damages sought, Westpac said. The bank will defend the claims, it said. In November AUSTRAC applied to the Federal Court of Australia for civil penalty orders ...

Channel Capital nabs new distribution directors

ALLY SELBY  |  WEDNESDAY, 18 DEC 2019
... Biggins will join Channel Capital in February after they serve out their gardening leave. NAB veteran Carratelli worked at the bank for more than 16 years, most recently in her role as an associate director of investor sales, fixed income, currencies ...

No joy in the advice world this Christmas

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 DEC 2019
... an immense gulf and disparity of the incomes derived by SMEs planners and the remuneration packages and salaries of senior bank managers and financial institution executives that are simply breathtaking," Daniels said. "Hence, my belief that this is ...

Chief economist update: Oil's well that ends 2019 well

BENJAMIN ONG  |  WEDNESDAY, 18 DEC 2019
It may not seem like it, but crude oil prices appear on track to finish 2019 around 30% higher. This year to date, WTI oil has risen by 33.4% to US$60.21 per barrel while the price of Brent oil has rallied by 29.2%. To be sure, new production cuts that ...

ASIC drags NAB to court for fees-for-no-service

HARRISON WORLEY  |  TUESDAY, 17 DEC 2019
ASIC has launched civil penalty proceedings against NAB in the Federal Court over fees-for-no-service, which the bank continued to charge after the Royal Commission. The corporate regulator is seeking to find NAB made several thousand contraventions ...

Australians gifted new tech index

ALLY SELBY  |  TUESDAY, 17 DEC 2019
Aussie tech lovers and investors alike can celebrate a little early this silly season thanks to the announcement of a whole new S&P tech index set to track the movers and losers of Australia's booming tech sector. Set to launch February 21 next year ...

Chief economist update: War is over

BENJAMIN ONG  |  TUESDAY, 17 DEC 2019
... growth eased to 6.9% from 7.4%. However, note that these green shoots were fertilised and watered by government and central bank stimulus packages. Recall that on November 18, the People's Bank of China (PBOC) cut its seven-day reverse repo rate ...

APRA joins in on Westpac scrutiny

ELIZA BAVIN  |  TUESDAY, 17 DEC 2019
... regulator said the investigation will focus on the conduct that led to AUSTRAC launching its criminal charges against the bank over an alleged 23 million breaches of anti-money laundering and counter terrorism laws. APRA said it will also focus on the ...

Ord Minnett chief resigns

ALLY SELBY  |  MONDAY, 16 DEC 2019
... Ord Minnett, Gunning was responsible for the financial advice businesses across Colonial First State at the Commonwealth Bank. He held various positions on the board at Colonial First State and was a member of the Colonial First State Executive Committee. ...