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Showing 4021 - 4030 of 17956 results for "Bank"

Westpac takes $1 billion profit hit

ELIZA BAVIN  |  THURSDAY, 24 OCT 2019
... nature of any enforcement action it may take. The Group is continuing to work with AUSTRAC in relation to these matters," the bank said in its release. "Any enforcement action against Westpac may include civil penalty proceedings and result in the payment ...

Internal talent shuffle at AMP

HARRISON WORLEY  |  WEDNESDAY, 23 OCT 2019
AMP has redistributed talent across two business arms. After an internal shuffle, AMP Capital has a new head of transformation for its public markets business, in SuperConcepts general manager of customer service Stuart Develyn. Develyn shifts to AMP ...

Whistleblower calls out approved product lies

ELIZA BAVIN  |  WEDNESDAY, 23 OCT 2019
... payments from third party life insurers, amongst other things. The report includes responses from MLC Advice, Commonwealth Bank and IOOF, gathered as part of a survey conducted by Morris. All of which said they were confident in the in their practices. ...

Another winter of Australian discontent

BENJAMIN ONG  |  WEDNESDAY, 23 OCT 2019
... sector if Rabobank's latest 'Australian Winter Crop Outlook' report is any guide. The specialist agribusiness bank predicts that the country's national harvest would drop by nine percent in the 2019/20 winter crop season to 27.7 million ...

Insto sales director departs Principal Global Investors

KANIKA SOOD  |  TUESDAY, 22 OCT 2019
... estate, alternatives and multi-asset. Gaffney has previously worked in institutional distribution at nabInvest, Challenger and Bank of Ireland Asset Management. de Mestre was appointed country head in January, after leading relationship management at ...

Superannuation gets a classroom

ELIZABETH MCARTHUR  |  TUESDAY, 22 OCT 2019
A physical space has been created for superannuation education by a $9.7 billion industry fund. Statewide Super has created the SuperHub, a centre dedicated to superannuation education and open to everyone - not just Statewide members. The centre opened ...

No room for policy mistakes

BENJAMIN ONG  |  TUESDAY, 22 OCT 2019
In its world economic update for October, the International Monetary Fund said that the global economy is in a synchronised slowdown. Growth for 2019 was downgraded again to 3%, its slowest pace since the global financial crisis. "This is a serious ...

Colonial First State hit with second class action in less than a week

ELIZA BAVIN  |  MONDAY, 21 OCT 2019
... advisers. The class action is on behalf over 500,000 Australians and is the second against CFS, a subsidiary of Commonwealth Bank to be filed in less than a week. The action alleges that since 2013 CFS failed to act in the best interests of its members ...

Chief economist update: Rate cuts coming, but not on race day

BENJAMIN ONG  |  MONDAY, 21 OCT 2019
... the Budget surplus immortalised on paper). Forget about a Melbourne Cup Day interest rate cut! The minutes of the Reserve Bank of Australia's (RBA) October 1 Board meeting first hinted on this, stating that the stimulatory effects of lower interest ...

RBA downplays likelihood of further rate cuts

ELIZA BAVIN  |  FRIDAY, 18 OCT 2019
Reserve Bank governor Philip Lowe has told a forum at the International Monetary Fund that Australia's economy is set to "return to trend growth" next year. Lowe said the expected return to trend growth over the next year will help get the unemployment ...