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Showing 411 - 420 of 3560 results for "Westpac"

Westpac reaches $1.3bn AUSTRAC deal

ELIZA BAVIN  |  THURSDAY, 24 SEP 2020
Westpac has agreed to pay a civil penalty of $1.3 billion in relation to its contraventions of the anti-money laundering and counter terrorism laws. As part of the agreement with AUSTRAC, Westpac has admitted to additional contraventions that were outlined ...

Liberman firm backs non-bank lender

KANIKA SOOD  |  TUESDAY, 22 SEP 2020
... our economy." Lumi has also added Steve Lambert to its board of directors and chair of its risk committee, who worked at Westpac and NAB. "I am really excited to be working with such a dynamic team. Having worked with several fintech start-ups, it is ...

Westpac hires consumer chief executive

ANNABELLE DICKSON  |  TUESDAY, 22 SEP 2020
Westpac Group has appointed a former fintech chief executive to lead its consumer banking division. Chris de Bruin has over 24 years' experience in financial services and joins from Dubai-based fintech Deem where he has been chief executive for over ...

Macquarie director departs

ALLY SELBY  |  MONDAY, 21 SEP 2020
... was the chief executive and managing director of Insurance Australia Group, having previously held senior positions with Westpac and Citibank. He currently serves on the boards of Bupa in the UK, the Rugby World Cup, and Washington H. Soul Pattinson ...

Westpac scraps SG direct debits

KARREN VERGARA, JAMIE WILLIAMSON  |  MONDAY, 21 SEP 2020
As Westpac pulls the plug on QuickSuper, a direct debit superannuation payment option for employers, there are fears the lack of automation could potentially worsen the unpaid super problem. On September 4, employers paying superannuation guarantee ...

State Street cops $1.25m fine from AUSTRAC

KANIKA SOOD  |  WEDNESDAY, 16 SEP 2020
... also said there was no business or financial impact to its clients. In the past, AUSTRAC has used civil penalties against Westpac which has so far notified shareholders of more than $1 billion in expected total costs from the matter, Commonwealth Bank ...

Uniti ups bid to compete with First State Super

ALLY SELBY  |  TUESDAY, 15 SEP 2020
... funded by a combination of the issuance of 84 million Uniti shares to OptiComm shareholders and a 3-year debt facility with Westpac and CBA worth $250 million, as well as existing cash. As of August 21, Uniti had approximately $302 million in cash on ...

Super fund overhauls performance on red rating

KARREN VERGARA  |  TUESDAY, 15 SEP 2020
... Super, LUCRF Super, and several BT Funds Management products such as Asgard's Employee MySuper, BT Super for Life and Westpac Group Plan MySuper, were some of the other MySuper products that were warned to do better. Many of these products received ...

The fundies of tomorrow

ANNABELLE DICKSON  |  MONDAY, 14 SEP 2020
... be today. In the two and half years since then, I've pitched a broad range of securities across a few sectors including Westpac Bank, IMF Bentham (now Omni Bridgeway), Bingo Industries, Magellan Financial Group, Flexigroup and EML payments," he says. ...

Chief economist update: Australian pessimism eases

BENJAMIN ONG  |  THURSDAY, 10 SEP 2020
... was also taken before Victorian premier Dan Andrews' announcement extending the lockdown by another two weeks. The Westpac/Melbourne Institute index of consumer sentiment jumped by 18% to a reading of 93.8 in September from 79.5 in August and the ...