Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 4081 - 4090 of 8591 results for "SIM"

Credit Suisse fined for systems mishap

KARREN VERGARA  |  THURSDAY, 16 MAR 2017
Investment bank Credit Suisse was slapped with a $170,000 fine from the Australian Securities and Investment Commission for failing to have the appropriate price limits in place across its automated order processing (AOP) systems. The watchdog found ...

One small rise in rates, one giant step towards normalisation

BENJAMIN ONG  |  THURSDAY, 16 MAR 2017
Don't you just love it when things turn out as expected? Wall Street surely did. US equities jumped -- Dow up 0.5%, S&P up 0.84%, Nasdaq up 0.7%, Russell 2000 up 1.5% -- the VIX index dropped by 5.5% and instead of climbing, the US dollar index fell ...

Access to super for housing is still bad policy

EMMA RAPAPORT  |  WEDNESDAY, 15 MAR 2017
Superannuation industry associations have once again come out strongly against a policy of allowing first home buyers early access to their superannuation to purchase a home. Following comments this week from Assistant Treasurer Michael Sukkar, who ...

ASIC spots forex breaches at ANZ and Westpac

ALEX BURKE  |  WEDNESDAY, 15 MAR 2017
ASIC has accepted enforceable undertakings from Westpac and ANZ following an investigation into the banks' wholesale foreign exchange businesses. The regulator found that between 2008 and 2013, Westpac and ANZ's systems and controls failed to address ...

Suncorp inches closer to NZ insurer takeover

ALEX BURKE  |  WEDNESDAY, 15 MAR 2017
Suncorp increased its stake in a leading New Zealand insurer to 19.9% following a takeover bid in February. Suncorp's bid for Tower Insurance occurred shortly after the latter entered into a scheme implementation agreement with Fairfax Financial Holdings. ...

Netwealth backing financial literacy in schools

JAMIE WILLIAMSON  |  WEDNESDAY, 15 MAR 2017
Leading platform provider netwealth launched a financial literacy campaign this week, looking to bring financial education to the classroom through an interactive tool aligned with existing school curriculums. Banqer, designed by a New Zealand start-up ...

Good for now worrying for later

BENJAMIN ONG  |  WEDNESDAY, 15 MAR 2017
"The February NAB Monthly Business Survey gave back the surprisingly strong gains seen in the previous month..." This was the opening line of the NAB report on business confidence and business conditions for February. How much were given back? Business ...

RBA zeroes in on balance sheets

KARREN VERGARA  |  TUESDAY, 14 MAR 2017
The strength and resilience of the banks' and household balance sheets - rather than indicators such as credit or rising house prices - are a key focus for the RBA, assistant governor Michele Bullock said. Bullock told this morning's Bloomberg address ...

UniSuper redefines comfortable retirement

EMMA RAPAPORT  |  TUESDAY, 14 MAR 2017
UniSuper is advocating for the redefinition of 'comfortable retirement' saying that the current one-size-fits-all approach is not the most effective way to achieve optimal retirement outcomes. The industry fund, while remaining supportive of the plan ...

Largest Aussie single solar project deal sealed

JAMIE WILLIAMSON  |  TUESDAY, 14 MAR 2017
The Commonwealth Bank and Clean Energy Finance Corporation have joined forces with one of Germany's biggest banks in Australia's largest single solar project financing deal to date. As financing partners to Edify Energy and international investor Wirsol ...