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Showing 3981 - 3990 of 17956 results for "Bank"

Westpac chief believes in financial advice

ELIZA BAVIN  |  MONDAY, 11 NOV 2019
... million on regulatory and risk-related change which is 50% of our investment spend," Hartzer said. He also added that the bank has refunded around 60% of known issues that arose following the Royal Commission and warned that there may be further remediation ...

Chief economist update: Santa Claus is coming to town

BENJAMIN ONG  |  MONDAY, 11 NOV 2019
... observed in the world's biggest economies, except for Japan (which continues to decline). But as Markit Economics/Jibun Bank acknowledged in its Japan PMI report, "the sales tax rise and harsh weather conditions affected demand, as new order growth ...

Chief economist update: Brexit la la la

BENJAMIN ONG  |  FRIDAY, 8 NOV 2019
... understandable that Britons and Europeans and the rest of the world are not holding their collective oxygen intake. However, Bank of England (BOE) governor Mark Carney have changed his tune. If memory serves me right, Carney warned about the increased ...

What finance professionals are really paid

ELIZABETH MCARTHUR  |  THURSDAY, 7 NOV 2019
A new salary benchmarking report for 2020 from Michael Page has revealed what various finance professionals in Australia can expect to be paid, including distribution leads and investment directors. According to the report, legal, risk and compliance ...

Perpetual appoints head of risk

JAMIE WILLIAMSON  |  THURSDAY, 7 NOV 2019
Perpetual has confirmed the appointment of a head of risk, promoting from within to fill the newly created role. The investment house has promoted Allan Lo Proto to the new role of head of risk, a spokesperson has confirmed. Proto first joined Perpetual ...

Antares portfolio manager moves to LIC

KANIKA SOOD  |  THURSDAY, 7 NOV 2019
A portfolio manager on MLC's Antares Equities business has taken on a new role at a $7.7 billion listed investment company. Brett McNeill managed the Antares listed property fund and was the deputy for the Antares dividend builder fund. He left in July ...

NAB remediation team swells, no executive bonuses

ELIZABETH MCARTHUR  |  THURSDAY, 7 NOV 2019
National Australia Bank's 2019 full year results include the revelation that its customer remediation team has ballooned to 950 people. NAB chief executive Philip Chronican said in a statement that the team of 950 dedicated to remediating customers ...

Is EM an investor's saving grace?

ELIZA BAVIN  |  THURSDAY, 7 NOV 2019
... Doyle said the closer Australia gets to zero rates the closer investors get to lower yields. "It is no secret the Reserve Bank of Australia has an easing bias. Seven years ago RBA governor Phillip Lowe said very low rates are nothing to aspire to, and ...

Global firm secures $500m mandate

ELIZA BAVIN  |  THURSDAY, 7 NOV 2019
... using a multi-sector, absolute return fixed income approach. GSFM said the portfolio aims to outperform the Bloomberg AusBond Bank Bill Index by 2-3% gross per annum over a three year period. "The central pillar of the strategy is income generated from ...

Chief economist update: The yen to dictate if BOJ turns words into action

BENJAMIN ONG  |  THURSDAY, 7 NOV 2019
... "Actions speak louder than words." That may be so but it appears that this generally accepted truism does not apply to the Bank of Japan (BOJ). The Japanese central bank has kept monetary on hold since it introduced quantitative and qualitative easing ...