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Showing 3991 - 4000 of 17956 results for "Bank"

Global manager hires Principal director

KANIKA SOOD  |  WEDNESDAY, 6 NOV 2019
... role, Financial Standard first reported. He has previously worked in institutional distribution at nabInvest, Challenger and Bank of Ireland Asset Management. Barings manages US $335 billion globally. Roughly a third of its external assets under management ...

Chief economist update: RBA holds but for how long?

BENJAMIN ONG  |  WEDNESDAY, 6 NOV 2019
... period of only modest increases in household disposable income continuing to weigh on consumer spending." These were Reserve Bank of Australia (RBA) governor Philip Lowe's words after the board decided to keep the country's official cash rate ...

Afterpay slides in global fintech rankings

HARRISON WORLEY  |  TUESDAY, 5 NOV 2019
... financial services scene. This year's iteration saw seven Australian fintechs make the cut, including emerging challenger bank Judo Bank, whose notable backers include the likes of Myer Family Investments, Credit Suisse Asset Management and Abu Dhabi ...

Adviser moves show industry upheaval

ELIZABETH MCARTHUR  |  TUESDAY, 5 NOV 2019
... other end of the spectrum, Bendigo Financial Planning shut down during the period. IOOF-owned Bridges acquired the Bendigo Bank advice business in April as part of a $3 million transaction that was estimated to move approximately $1 billion in funds ...

Chief economist update: Weak household consumption now a sure thing

BENJAMIN ONG  |  TUESDAY, 5 NOV 2019
... odds-on favourite to take the Cup followed by Mer De Glace and Master Of Reality. Take your pick. My pick is for the Reserve Bank of Australia (RBA) to announce no change in interest rates before the running of the horses today. The RBA would not want ...

Boutique hires CBA's credit strategy lead

KANIKA SOOD  |  MONDAY, 4 NOV 2019
A Melbourne boutique has hired Commonwealth Bank's highly-regarded head of credit strategy, as it launches two new funds. Scott Rundell is joining Mutual Limited as its head of research and strategy in a newly-created role. Mutual Limited was started ...

Wealth income halved, Hartzer skips $1.6m bonus

HARRISON WORLEY  |  MONDAY, 4 NOV 2019
... an additional $531 million in remediation and litigation costs, while the cessation of grandfathered commissions hit the bank to the tune of $42 million. Life insurance income was down $39 million compared to 2018, due to the implementation of the government's ...

Chief economist update: Good news is good news

BENJAMIN ONG  |  MONDAY, 4 NOV 2019
It's beginning to look a lot like Christmas has come early... and Thanksgiving too. Wall Street benchmark equity indices rallied at the close of trading last week: The S&P 500 added 1.0% to a new all-time high; the Nasdaq closed 1.1% up but not ...

AFCA delivers $185m in compensation

ELIZABETH MCARTHUR  |  FRIDAY, 1 NOV 2019
The Australian Financial Complaints Authority has delivered $185 million in compensation to consumers in its first year of operation. AFCA received a 40% uptick in complaints compared to previous complaints schemes. About 77% of complaints lodged have ...

Macquarie wealth fees income down 14%

KANIKA SOOD  |  FRIDAY, 1 NOV 2019
... from wealth management fees fell 14% in the six months to September end compared to the same period last year, while the bank pivots its advice business to focus on high-net-worth clients. Macquarie collected $144 million in fees in its wealth management ...