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

Search Results

Showing 4221 - 4230 of 17956 results for "Bank"

Lloyds, pension fund pay $250m settlement

JAMIE WILLIAMSON  |  FRIDAY, 26 JUL 2019
Lloyds Banking Group will pay $250 million in compensation to Standard Life Aberdeen following its attempt to pull a $186 billion mandate in February 2018. Lloyds Banking Group and its subsidiary, Scottish Widows, reached a final settlement with Standard ...

CFSGAM sale clears regulatory hurdles

KANIKA SOOD  |  FRIDAY, 26 JUL 2019
Commonwealth Bank has received all regulatory approvals to sell its global asset management business to Japanese banking giant. The $4.2 billion sale to Mitsubishi UFJ Trust and Banking Corporation (MUTB) is expected completion is in August, CBA said ...

Macquarie asset management business down

ELIZABETH MCARTHUR  |  FRIDAY, 26 JUL 2019
At the Macquarie Group annual general meeting chief executive Shemara Wikramanayake said the group was performing in line with expectations, despite the annuity-style businesses, including Macquarie Asset Management, being down. Addressing the AGM ...

Suncorp responds to shareholder resolution

ELIZABETH MCARTHUR  |  FRIDAY, 26 JUL 2019
... proportion of our commercial lending portfolio. Suncorp doesn't finance fossil fuel projects as it doesn't have an institutional bank." The spokesperson added that Suncorp does not directly invest in, finance or underwrite new thermal coal mining extraction ...

ASIC clamps down on opaque active ETFs

KANIKA SOOD  |  THURSDAY, 25 JUL 2019
The corporate regulator is set to ask ASX and Chi-X to stop admitting new active ETFs that use internal market making as it mulls a review, Financial Standard can reveal. ASIC has asked all market operators to not launch any new active ETFs with internal ...

ASIC sues ANZ over unlawful fees

KANIKA SOOD  |  THURSDAY, 25 JUL 2019
The corporate regulator is suing ANZ, alleging the bank unlawfully charged customers certain periodic fees exceeding $50 million. ASIC estimates the total gross loss to customers is in excess of $50 million for 1.3 million occasions of unlawfully charged ...

Suncorp pressured on coal

ELIZABETH MCARTHUR  |  THURSDAY, 25 JUL 2019
... our commercial lending portfolio. Suncorp doesn't finance fossil fuel projects as it doesn't have an institutional bank," the spokesperson said. "Suncorp does not directly invest in, finance or underwrite new thermal coal mining extraction projects ...

Axe super for low-income earners: Senator

HARRISON WORLEY  |  THURSDAY, 25 JUL 2019
A newly elected Liberal Senator wants to make superannuation voluntary for those earning less than $50,000 per annum. Lashing the super industry in his first speech to the Senate, new Liberal Senator for New South Wales Andrew Bragg said compulsory ...

Trustee firm adds executive

JAMIE WILLIAMSON  |  WEDNESDAY, 24 JUL 2019
... Trustees in a number of roles. Prior to that he was a client relationship manager at NAB and held the same role at Commonwealth Bank before that. The appointment follows continued growth of the group as it meets market demand for boutique intermediary ...

Private wealth firm grows footprint

JAMIE WILLIAMSON  |  WEDNESDAY, 24 JUL 2019
... 50 financial advisers by Barron's this year. Duke was at Westpac for more than 14 years, working primarily in its private bank with HNW and super HNW clients. Integral Private Wealth was founded by Simon in 2015. Simon appeared in the Financial Standard ...