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Showing 21 - 30 of 43 results for "COP26"

Big banks cop a beating

ELIZA BAVIN  |  WEDNESDAY, 8 APR 2020
The big four banks have all suffered a rating downgrade due to the COVID-19 fallout, while APRA warns they should cut dividends and bonuses. Fitch Ratings downgraded all four of the major banks, and their New Zealand subsidiaries, due to its expectation ...

Three advisers cop ASIC bans

KANIKA SOOD  |  WEDNESDAY, 20 NOV 2019
ASIC has banned three financial advisers for up to five years each, in separate banning orders made recently. Wendy Michelle Chapman was banned for five years from providing any financial services. She was most recently employed as a senior planner ...

Macquarie Securities cops ASIC penalty

KANIKA SOOD  |  MONDAY, 3 JUN 2019
Macquarie's securities business has paid a $300,000 penalty for contravening market integrity rules, the corporate regulator said this morning. ASIC issued an infringement notice to Macquarie Securities on May 3, after its markets disciplinary panel ...

Income only falls by 11% in retirement: Grattan

KANIKA SOOD  |  TUESDAY, 16 APR 2019
... renewed calls to scrap the Superannuation Guarantee increase as its updated projections show most Australian workers will only cop - at worst - an 11% fall in their income after retiring. The think tank updated its retirement income projections to reflect ...

Celebrities cop $1m crypto fine

JAMIE WILLIAMSON  |  MONDAY, 3 DEC 2018
Boxing giant Floyd Mayweather and music producer DJ Khaled have become the first people to be charged by the US Securities and Exchange Commission for the unlawful promotion of initial coin offerings. Floyd Mayweather and DJ Khaled - real name Khaled ...

Chief economist update: The art of the deal in action

BENJAMIN ONG  |  WEDNESDAY, 28 NOV 2018
Are we seeing US President Donald Trump's "The Art of the Deal" in real-time, live and in action? Ever since Trump declared a trade war with China in late March this year, there have been actual implementations, threats, some concessions and now ...

Super funds cop governance grilling

HARRISON WORLEY  |  TUESDAY, 21 AUG 2018
Governance experts have weighed in on the repercussions for superannuation fund executives and trustees after an unyielding fortnight of appearances at the financial services Royal Commission. Governance Institute of Australia chief executive Steven ...

Government increases market manipulation penalties

JAMIE WILLIAMSON  |  THURSDAY, 29 MAR 2018
Individuals found guilty of manipulating financial benchmarks could face up to 10 years in prison, while institutions could cop about $10 million in fines. Under new Federal Government reforms, the manipulation of any financial benchmark or product ...

Two Victorian advisers cop bans

KARREN VERGARA  |  TUESDAY, 16 MAY 2017
Two former AMP Group-aligned financial advisers copped temporary bans from ASIC for operating without an AFSL and providing inappropriate advice. ASIC's investigation found MySuperMan director David Heycock and employee Stuart Arnold-Levy provided unlicensed ...

Economic Wrap

ALEX DUNNIN  |  THURSDAY, 4 AUG 2016
Why Australia's banks passed on only half this week's rate cut Australia's banks are being heavily criticised for not passing on the full effect of this week's rate cut to consumers in lower mortgage rates. But with almost 60% of bank funding coming ...