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Showing 401 - 410 of 17936 results for "Bank"

Euroz Hartleys in 'early stage' talks with big investor

KARREN VERGARA  |  WEDNESDAY, 20 AUG 2025
Euroz Hartleys Group confirmed it is in the "early stages" of discussions with the Bank of Montreal (BMO) for the latter to potentially make a strategic stake in the Perth-based financial services company. Addressing an AFR article published on August ...

Special feature: Hunting for value

LACHLAN COLQUHOUN  |  MONDAY, 18 AUG 2025
... money markets and short duration bonds, and in private credit. "Now you are getting less income from holding your cash in a bank, and I think there is still quite a large asset allocation shift to come at some point, whether that is de-risking out of ...

Iress adds AI chief to drive innovation

MATTHEW WAI  |  FRIDAY, 15 AUG 2025
... three years. Before AWS, he was a program leader in IT for three of the four major banks in Australia - Westpac, Commonwealth Bank of Australia and NAB between 2008 and 2017. He also brings experience from Citibank and DXC Technology earlier in his career. ...

Unemployment falls, more women enter the workforce

ELIZA BAVIN  |  FRIDAY, 15 AUG 2025
... said the data shows a continued resilience with the Australian labour market which would be positive news for the Reserve Bank of Australia (RBA) going forward. "Employment growth was in line with consensus forecasts and average monthly employment growth ...

NAB fined over $15m for delaying hardship applications

MATTHEW WAI  |  THURSDAY, 14 AUG 2025
The Federal Court has ordered National Australia Bank (NAB) and its subsidiary ASFH Nominees to pay a pecuniary penalty of $15.5 million for failing to respond to customers facing hardship. The court found that between 2018 and 2023, NAB and ASFH failed ...

ASIC calls out super 'leaders and laggards'

ELIZA BAVIN  |  THURSDAY, 14 AUG 2025
... already at their fingertips, and some now are looking further afield, to truly know who they are serving. Some call this 'bank-like' but we think it is just customer-centric." While Constant said many funds are showing improvement in meeting requirements ...

RBA cuts rates, experts debate next moves

ELIZA BAVIN  |  WEDNESDAY, 13 AUG 2025
As widely anticipated, the Reserve Bank of Australia (RBA) delivered a 0.25% interest rate cut at the August meeting, bringing the official cash rate down to 3.6%. The RBA board noted that the easing in inflation alongside a softening in the labour ...

CBA sets aside $52m for remediation

ELIZA BAVIN  |  WEDNESDAY, 13 AUG 2025
Commonwealth Bank of Australia (CBA) said it has provisioned $52 million for remediation purposes as it finalises various class actions, including those related to superannuation and advice. CBA said the group is still defending two superannuation class ...

Norway sovereign wealth fund divests 11 Israeli companies, cuts mandates

KARREN VERGARA  |  TUESDAY, 12 AUG 2025
... the process of terminating mandates with external managers based in Israel. The sovereign wealth fund's manager, Norges Bank Investment Management (NBIM), said it divested 11 Israeli companies at the end of June from a total of 61. Further, all investments ...

RBA cut 'highly likely', but caution remains

ELIZA BAVIN  |  MONDAY, 11 AUG 2025
Economists and experts are anticipating another interest rate cut to be delivered by the Reserve Bank of Australia (RBA) at its August meeting tomorrow. T. Rowe Price co-portfolio manager of the dynamic global bond strategy Scott Solomon said unlike ...