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Showing 21 - 30 of 136 results for "Four Major Banks"

CBA chair defends executive bonuses

KARREN VERGARA  |  MONDAY, 23 OCT 2017
... Bank chair Catherine Livingstone told the Standing Committee on Economics' third hearing into the Review of the Four Major banks that based on the facts at the time, "we made the right determination." Livingstone defended the bank's "rigorous procedures ...

Less than half pass CFA exam

KARREN VERGARA  |  TUESDAY, 3 OCT 2017
... years. In terms of gender, the majority (83%) of CFA members are male. Data from the CFA Institute also shows the four major banks and Macquarie Group to be the top CFA employers in Australia. The Commonwealth Bank of Australia employs the largest group ...

Broaden levy to foreign banks: Big four

KARREN VERGARA  |  MONDAY, 19 JUN 2017
Large foreign banks should also be subjected to the proposed $6.2 billion bank levy, Australia's four major banks told the Senate Standing Committee on Economics reviewing the levy Bill last week. Many multinational banks, while active in the institutional ...

Banks narrowly avoid parliamentary inquiry

EMMA RAPAPORT  |  FRIDAY, 16 JUN 2017
... competition issues - a recommendation of the House of Representatives Standing Committee on Economics' Review of the Four Major Banks. The measures were quickly labelled as a tax on the economy by Australian Bankers' Association chief executive Anna ...

Major banks receive Budget shakeup

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2017
... competition issues - a recommendation of the House of Representatives Standing Committee on Economics' Review of the Four Major Banks. These measures are in addition to the $4.2 million allocated to APRA to introduce regulatory measures to increase the ...

NAB chief promises greater accountability

KARREN VERGARA  |  MONDAY, 6 MAR 2017
... Anthony Cahill faced the House of Representative's Standing Committee on Economics, representing the first of the four major banks in an effort to review Australia's banking and financial system. Of the 1138 employees, who breached the bank's code of ...

Bank inquiry recommends breaking big four oligopoly

ALEX BURKE  |  FRIDAY, 25 NOV 2016
The House of Representatives Standing Committee on Economics' first report in its review of the four major banks has recommended breaking the big four's "oligopoly" and introducing competition into the sector. The report said this could be achieved ...

Super members should face "better off test"

DARREN SNYDER  |  TUESDAY, 4 OCT 2016
... for Australians that rely on their employer's choice of fund. The push comes as an annual review of Australia's four major banks begins at Parliament House today. Review chair, David Coleman MP, said: "The hearings will provide an opportunity to scrutinise ...

Banks will always take more risk: APRA exec

DARREN SNYDER  |  TUESDAY, 28 JUN 2016
... at the business unit level." On the banks' requirements to increase capital, APRA's Littrell said Australia's four major banks now own 80% of the country's banking market. He said they each own the same business model, are usually exposed to each other ...

Accountants should beware AFSL traps

ALEX BURKE  |  MONDAY, 4 APR 2016
... agreements have very strict client ownership stipulations, especially those by licensees that operate within the big four major banks, AMP and IOOF," Tynan said. Tynan went on to suggest that accountants could conceivably establish their own licence ...

Editor's Choice

APRA 'continuing to monitor' UniSuper outage

JAMIE WILLIAMSON
UniSuper has commenced the restoration of its services, as APRA confirms it is monitoring the situation.

Morningstar unsure if KKR's Perpetual bid benefits shareholders

ANDREW MCKEAN
Morningstar has maintained its fair value estimate of $26 per share for Perpetual stock, even after KKR confirmed it will buy its wealth management and corporate trust businesses yesterday.

SMC says 'reckless' plan could cost taxpayers $1tn

ELIZA BAVIN
Super Members Council has slammed the Coalition's super for housing plan yet again, saying it could cost taxpayers.

Advisers must unite for major reforms: SIAA

KARREN VERGARA
Financial advisers will need to band together to successfully get through another of period of reforms that will ultimately make advice accessible and affordable, this year's Stockbrokers and Investment Advisers Association (SIAA) Conference will hear.

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