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Showing 21 - 30 of 417 results for "Big four banks"

NAB Asset Servicing signs up to Charles River

KANIKA SOOD  |  WEDNESDAY, 11 NOV 2020
... factor helping us support our clients' operating models and organisational resiliency." NAB is the only one of the big four banks to offer custody and asset servicing. It has provided custody services since 1950 and global custody and investment administration ...

Fastest-growing AFSLs in the country

KANIKA SOOD  |  FRIDAY, 30 OCT 2020
... additions. It ended September with 254 current advisers, after 101 new registrations and 39 ceasings in the period. The big four banks saw the most adviser registrations cease: AMP Financial Planning (376), National Australia Bank (375), Commonwealth ...

ANZ sees profits plummet, plans to exit thermal coal

ANNABELLE DICKSON  |  THURSDAY, 29 OCT 2020
... work out a diversification strategy. "It barely even brings ANZ into line with announcements made by the other big four banks on thermal coal, and gives highly polluting companies another five year free pass to continue with business as usual," he sa ...

Big banks face shareholder action

ANNABELLE DICKSON  |  TUESDAY, 6 OCT 2020
Two of Australia's big four banks face shareholder resolutions as a result of increased exposure to fossil fuels. NAB and ANZ have had shareholder resolutions lodged against them by environmental finance organisation Market Forces to align with the ...

Banks to be questioned on COVID-19 response

ELIZA BAVIN  |  WEDNESDAY, 2 SEP 2020
The big four banks are set to face the House of Representatives Economics Committee to discuss their response to the COVID-19 pandemic. Committee chair Tim Wilson said the hearings are part of the parliament's role in publicly scrutinising and holding ...

Dividends ripe for the picking

ANNABELLE DICKSON  |  TUESDAY, 1 SEP 2020
... zero for at least the next two years." While investors relying on dividend income have traditionally looked to the big four banks, other opportunities have emerged including iron ore miners and gold miners. "We anticipate Australia's gold miners will ...

ANZ posts profit, announces dividend

ELIZA BAVIN  |  WEDNESDAY, 19 AUG 2020
... capital strength and updated regulatory guidance. The decision to pay a dividend means Westpac is the only of the big four banks to opt against a dividend this reporting round. ANZ's interim dividend represents 46% of the banks 1H20 statutory profit ...

Westpac ditches dividend

ELIZA BAVIN  |  TUESDAY, 18 AUG 2020
Westpac has become the first of the big four banks to not deliver a dividend in its first half results as it reported a net profit of $595 million and revealed it anticipates further enforcement action from ASIC. Westpac chief executive Peter King said ...

Banks ordered to reduce dividend payout ratios

KANIKA SOOD  |  WEDNESDAY, 29 JUL 2020
... businesses. Commonwealth Bank, for example, currently targets 70% to 90% full-year dividend payout ratio. Last year, the big four banks accounted for about 30% of total dividends paid by S&P 200 stocks, on a gross basis including cash dividends plus ...

Aussie banks set to underperform

ALLY SELBY  |  THURSDAY, 16 JUL 2020
Australia's financial services sector, particularly the big four banks, are set to underperform over the coming months, with mounting business and home loan deferrals to blame. That's according to T. Rowe Price head of Australian equities Randal ...