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Showing 4271 - 4280 of 17956 results for "Bank"

State Street cops $125m penalty

JAMIE WILLIAMSON  |  WEDNESDAY, 3 JUL 2019
... charges for adding undisclosed markups on expenses related to the custody of client assets. In a settlement, State Street Bank and Trust Company has paid $125 million (USD88 million) after the Securities and Exchange Commission brought charges against ...

Shadforth signs new tech partner

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 JUL 2019
Shadforth Financial Group has signed a new partner to provide third-party clearing and settlement services. FinClear will now deliver trading, clearing and settlement services to Shadforth, along with its TradeCentre front-end technology. FinClear chief ...

Chief economist update: The back-to-back rate cuts Australia has to have

BENJAMIN ONG  |  WEDNESDAY, 3 JUL 2019
... has dropped from a record low of 1.5% to a deeper low of just 1%. I guess governor Lowe didn't receive the memo from Bank of International Settlements (BIS) - the world's central bank of central banks - chief Agustin Carstens that delivered a ...

Investec scores ADI licence

KARREN VERGARA  |  TUESDAY, 2 JUL 2019
Investec Bank plc has received the green light from APRA to provide banking services in Australia from July 1. Investec Bank plc, which is owned by London Stock Exchange-listed Investec plc, is now operating as a foreign ADI. BNP Paribas, Societe Generale ...

Financial scams smash Australia

HARRISON WORLEY  |  TUESDAY, 2 JUL 2019
Latest research from KPMG shows financial scams are hitting Australia harder than both the US and UK. The consulting giant's inaugural Global Banking Fraud survey found Australia suffered a disproportionately high volume of financial scam attempts in ...

Chief economist update: BOJ Tankan tanking?

BENJAMIN ONG  |  TUESDAY, 2 JUL 2019
... discussions about the host country, Japan. Like all other nations on this planet, Japan has skin in the game. More so, after the Bank of Japan (BOJ) nominated "the consequences of protectionist moves and their effects" as one of the major risks to its ...

CountPlus transfers SMA management

KANIKA SOOD  |  MONDAY, 1 JUL 2019
... from this transaction are expected to offset most of the write down in the carrying value of TFS." On June 13, Commonwealth Bank said it had entered into an agreement to sell Count Financial, which has 351 advisers and was to be a part of NewCo, to CountPlus ...

Chief economist update: Iron ore on the up and up

BENJAMIN ONG  |  MONDAY, 1 JUL 2019
... resulting from the weaker property market - allowing the Morrison Government to expand fiscal stimulus in tandem with the Reserve Bank of Australia, if necessary.

Sovereign wealth fund revokes exclusions

JAMIE WILLIAMSON  |  FRIDAY, 28 JUN 2019
The Norwegian sovereign wealth fund has revoked its decision to exclude Rio Tinto from its investments. Norges Bank has repealed exclusions placed on five international organisations over the last 15 years, Rio Tinto among them. The fund will also now ...

Chief economist update: RBA justified to cut rates or not

BENJAMIN ONG  |  FRIDAY, 28 JUN 2019
There's no question about it, for sure and for certain the Reserve Bank of Australia (RBA) will cut interest rates again. RBA governor Philip Lowe told us so when he addressed the Committee for Economic Development of Australia (CEDA) event in Adelaide ...