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Showing 4001 - 4010 of 17956 results for "Bank"

CBA finalises CommInsure sale

ELIZA BAVIN  |  FRIDAY, 1 NOV 2019
Commonwealth Bank has completed the divestment of its life insurance business to AIA Australia, which includes a 25-year joint co-operation agreement. After more than two years of negotiations, CBA said it has received an upfront payment of $500 million ...

Industry fund offers bonus on income streams

KANIKA SOOD  |  THURSDAY, 31 OCT 2019
... While some use it to pay down debt - the mortgage or credit cards - a significant proportion put cash into a term deposit or bank account - the "rainy day" contingency," he said. "With no exposure for growth, this is really a disastrous move for their ...

ANZ profits hit by remediation, low rates

ELIZA BAVIN  |  THURSDAY, 31 OCT 2019
ANZ's full year profit fell 7% to $5.95 billion compared to last year, with the bank blaming record low interest rates, increased regulation and a rise in customer remediation costs. ANZ chief executive Shayne Elliott said: "This has been a challenging ...

Chief economist update: RBA rate cut outlook

BENJAMIN ONG  |  THURSDAY, 31 OCT 2019
... update on the country's consumer price inflation has changed market expectations with regards to how low the Reserve Bank of Australia (RBA) will take the official cash rate. First things first; the ABS report showed that headline inflation edged ...

AMP extends adviser deadline

JAMIE WILLIAMSON  |  WEDNESDAY, 30 OCT 2019
... negative equity on their loans (as a result of the new proposed valuations) and those which had recently borrowed money from AMP Bank. "Planners were also seeking accurate data on grandfathered products and commissions, and in some cases needed time ...

Suncorp wealth chief steps down

ELIZA BAVIN  |  WEDNESDAY, 30 OCT 2019
... and the progress we have made digitising the business making it easier for our customers," Carter said. Suncorp said the bank has implemented a number of customer driven initiatives, including Apple and Google Pay, which staged the rollout of the banks ...

Macquarie to cut jobs

ELIZA BAVIN  |  WEDNESDAY, 30 OCT 2019
... "structural changes" in the broader market after it conducted a strategic review of its business. According to Reuters, the bank has around 700 cash equities employees, with a source telling them the group is expected to cut around 100 jobs in London ...

Consumers trust super funds about as much as banks

ELIZABETH MCARTHUR  |  WEDNESDAY, 30 OCT 2019
New research from Qantas Super shows superannuation fund members place about as much trust in their fund to act in their best interests as they do the big banks. According to Qantas Super, 60% of Australians trust their super fund to act in their best ...

Chief economist update: Arrivederci Signor Draghi

BENJAMIN ONG  |  WEDNESDAY, 30 OCT 2019
Super "whatever it takes" Mario Draghi's final outing as president of the European Central Bank (ECB) came and went without much fanfare. The ECB kept monetary policy settings unchanged at its October 24 meeting. This is to be expected after it ...

VanEck launches new fixed income ETF

KANIKA SOOD  |  TUESDAY, 29 OCT 2019
VanEck will tomorrow list a new fixed income ETF that capitalises on APRA's expanded capital requirements for big banks, to deliver investors yield north of 2%. The VanEck Vectors Australian Subordinated Debt ETF (ASX: SUBD) will hold a portfolio of ...