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Showing 4201 - 4210 of 17956 results for "Bank"

HSBC chief abruptly resigns

KARREN VERGARA  |  TUESDAY, 6 AUG 2019
... global chief executive of HSBC has stepped down after mutually agreeing with the board that change was necessary for the bank to move forward in an increasingly challenging environment. John Flint exited HSBC Holdings plc on August 5 as its group chief ...

ANZ scraps individual bonuses

HARRISON WORLEY  |  TUESDAY, 6 AUG 2019
... based on group performance. From October 1 most ANZ staff will be rewarded with a group performance dividend based on the bank's performance across four perspectives: risk, financial, customer and people and reputation, instead of receiving a bonus based ...

Adviser stole $200k from SMSFs

ELIZABETH MCARTHUR  |  TUESDAY, 6 AUG 2019
The Australian Securities and Investments Commission (ASIC) permanently banned a former financial adviser who stole more than $200,000 from client self-managed superannuation funds. Robert Michael of Bentleigh, Victoria has been permanently banned from ...

Chief economist update: Look out below

BENJAMIN ONG  |  TUESDAY, 6 AUG 2019
... and, for sure and for certain, it's gonna irritate Trump. Financial markets were shell-shocked after the People's Bank of China (PBOC) allowed the yuan to fall below the psychological threshold of CNY7.0 per US dollar. The official CNY/US$ exchange ...

More scrutiny for super fund, insurance firm chiefs

KARREN VERGARA  |  MONDAY, 5 AUG 2019
... annually. Last year, ANZ chief executive Shayne Elliott appeared before the House of Representatives, admitting that the bank saw its remediation programs as a "distraction" and at one point took up to 15 years to compensate some customers Elliot said ...

Planning foundation adds directors

HARRISON WORLEY  |  MONDAY, 5 AUG 2019
... three directors to its board. Future2 is welcoming the appointments of former FPA chair Julie Berry, acting Commonwealth Bank executive general manager of wealth management Hugh Humphrey, and Aspire Retire chief executive Olivia Maragna to its board ...

Chief economist update: Fed cut and Trump's war

BENJAMIN ONG  |  MONDAY, 5 AUG 2019
... discussion of the Fed's interest rate cut): "A further cut would not be universally welcome. Catherine Mann of Citigroup, a bank, is sceptical that the latest round of monetary easing will boost business confidence enough to rekindle investment. ...

Document leak puts NAB under the pump

HARRISON WORLEY  |  FRIDAY, 2 AUG 2019
... role in November - and staff of the bank's long-time external auditor EY, reveal Henry's personal concern that the bank was still issuing products he believed it would need to remediate customers for in the future. According to the news report ...

Former adviser cops 20-year prison sentence

JAMIE WILLIAMSON  |  FRIDAY, 2 AUG 2019
... million (US$20 million) Ponzi scheme. In October 2018, Bennett was found guilty of conspiracy, securities fraud, wire fraud, bank fraud and making false statements on a loan application. According to trial testimony, Bennett defrauded 46 retiree investors ...

Jane Hume to address AFA Conference

KRISTI CHENG  |  THURSDAY, 1 AUG 2019
... financial advisers by 1 January 2021. Hume has previously worked in the financial services industry, including National Australia Bank, Rothschild Australia, Deutsche Bank and as a senior policy adviser at AustralianSuper. Financial Standard is the official ...