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Showing 4171 - 4180 of 17956 results for "Bank"

Super sector needs to end culture war

KRISTI CHENG  |  FRIDAY, 16 AUG 2019
Liberal Senator Andrew Bragg has again criticised what he called a "culture war" in the superannuation sector, saying the industry should refocus its energy on members. In his speech at the Rice Warner Symposium on Monday, Bragg condemned the lack of ...

PPS Mutual bolsters leadership

ELIZABETH MCARTHUR  |  FRIDAY, 16 AUG 2019
... after five years as a senior underwriter at ANZ Wealth. Prior to that, he was a protection specialist at National Australia Bank and senior underwriter at Westpac. He spent five years as a private wealth protection adviser, PPS Mutual say those insights ...

Chief economist update: Will Australia avoid another global recession?

BENJAMIN ONG  |  FRIDAY, 16 AUG 2019
A recession is coming! Worries over a global recession are everywhere! Financial market investors are seeking safety - exiting equity markets and queuing to purchase longer-term bonds (despite their low, and in some, negative yields); the US dollar ...

Plato to raise $200 million

KRISTI CHENG  |  THURSDAY, 15 AUG 2019
... 10-year Commonwealth Government Bonds trading at a yield below 1%. "Given the recent election result, retirees can continue to bank on receiving franking credits from Australian share investments and should consider taking advantage of the higher income ...

Court dismisses Westpac lending practice case

KARREN VERGARA  |  THURSDAY, 15 AUG 2019
... alleging it breached responsible lending practices for home loans. ASIC alleged that between December 2011 and March 2015, the bank failed to properly assess whether borrowers could meet repayment obligations before entering into home loan contracts. ...

APRA opens margin requirement talks

HARRISON WORLEY  |  THURSDAY, 15 AUG 2019
Super funds and life insurers have two weeks to air their opinions on APRA's proposed amendments to its margin requirements for non-centrally cleared derivatives. Consultation has opened for APRA-regulated entities to consult with the prudential regulator ...

Chief economist update: Greater than the Great Recession of 2008

BENJAMIN ONG  |  THURSDAY, 15 AUG 2019
... Louis Fed president James Bullard podcast in his interview with Karen Mracek - media relations coordinator at Federal Reserve Bank of St. Louis - overnight (on August 14). Perhaps I'm turning into a Dr. Doom but, if the current global economic dynamics ...

BlackRock appoints Melbourne head

KANIKA SOOD  |  WEDNESDAY, 14 AUG 2019
The US $6.8 trillion global investment giant has appointed a head of Melbourne in a newly-created role following strong demand for its strategies from local investors. David Porter will move from London where he is the managing director, head of UK ...

APRA hits Allianz over risk

HARRISON WORLEY  |  WEDNESDAY, 14 AUG 2019
... additional capital requirement is the fifth applied by APRA in the wake of the landmark prudential inquiry into the Commonwealth Bank, which showed the bank's operational risk management framework "worked better on paper than in practice". Following ...

Super fund GM resigns

JAMIE WILLIAMSON  |  TUESDAY, 13 AUG 2019
... Lumley Life (since acquired by TAL) in 1987. Over the years, Salloum has held roles with Perpetual, AUSMAQ, Commonwealth Bank and ANZ Wealth. Daly said Salloum can be rightly proud of his contribution to the industry and wished him all the best in retirement. ...