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Showing 3911 - 3920 of 17956 results for "Bank"

Thousands exit Westpac raise

HARRISON WORLEY  |  WEDNESDAY, 11 DEC 2019
More than 3300 Westpac investors decided to exit the bank's recent share placement plan, taking close to $70 million with them. Westpac has smashed through its target of $500 million on its way to raising $770 million of investor capital, and the big ...

AMP welcomes former PwC partner

ELIZA BAVIN  |  WEDNESDAY, 11 DEC 2019
... banks add multinational institutions in Australia, Canada and the United Kingdom. Chowdry is also a member of the Reserve Bank of Australia's audit committee. AMP chair David Murray said: "Rahoul's leadership and financial, audit and risk management ...

Chief economist update: Businesses remain unmoved by low rates

BENJAMIN ONG  |  WEDNESDAY, 11 DEC 2019
... negating October's two-point increase to +2. The survey was conducted from 19-29 November 2019 - a month after the Reserve Bank of Australia (RBA) announced it third rate cut (in October) that took the official cash rate to a record low 0.75%; and ...

Chief economist update: Eurozone negative rates a failure?

BENJAMIN ONG  |  TUESDAY, 10 DEC 2019
... chief investment officer at Jamieson Coote Bonds - wherein she muses that: "The Riksbank will probably be the first central bank in Europe to exit a negative policy rate, which has fostered political and social discontent -and ever deeper negative rate ...

Fix gaps in AFCA remit: Creevey Russell

ELIZABETH MCARTHUR  |  MONDAY, 9 DEC 2019
... banks should avoid liability for their misconduct in relation to these claims," Creevey said. "Given the serious nature of bank misconduct there does not appear to be any logical or moral reason for not waving the usual limitation periods where serious ...

Deloitte hires from OneVue

ELIZA BAVIN  |  MONDAY, 9 DEC 2019
Deloitte has named a new director of superannuation operational risk advisory, nabbing a C-suite level executive from OneVue. Melissa Gomes was previously the chief operating officer of OneVue's Super Services business where she oversaw the firm's acquisition ...

Industry fund cuts fees

HARRISON WORLEY  |  FRIDAY, 6 DEC 2019
A $100 billion industry superannuation fund is the latest to make an end-of-year adjustment to its fees. First State Super has made an 11 basis point cut to the investment fee in its balanced growth lifecycle MySuper strategy for employer sponsored ...

APRA proposes new banking data policies

ALLY SELBY  |  FRIDAY, 6 DEC 2019
APRA has proposed new policy changes that would see a substantial increase in the data it makes publicly available on banks, credit unions and building societies. It comes as various scandals continue to tarnish Australia's banking industry post Hayne ...

Former CBA exec takes over at Optus

ALLY SELBY  |  FRIDAY, 6 DEC 2019
... executive committee of Singtel's Thai associate, AIS. Prior to her role at Optus, Bayer Rosmarin oversaw the Commonwealth Bank's institutional banking and market operations. She left in April 2018 following a string of scandals that plagued the bank ...

ACCC immunity deal questioned by court

ELIZA BAVIN  |  FRIDAY, 6 DEC 2019
... to him by the ACCC over the cartel scandal of 2015. The Commonwealth brought charges against ANZ, Citigroup and Deutsche Bank following an ACCC investigation into a $2.5 billion ANZ share sale with JPMorgan and some staff offered immunity deals in exchange ...