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Showing 4291 - 4300 of 17956 results for "Bank"

FSC adds to board

ELIZABETH MCARTHUR  |  MONDAY, 24 JUN 2019
... services for 25 years. Prior to her time at BTFG, Vincent was general manager of retail platforms for National Australia Bank and head of product - retail investment platforms at MLC. Earlier in her career, she spent over 18 years at Macquarie Group. ...

Beware tech firms in financial services

ELIZABETH MCARTHUR  |  MONDAY, 24 JUN 2019
The Bank for International Settlements (BIS) has issued a warning about large technology companies entering financial services. The BIS said the entry of big tech into financial services presents new risks - not least of all, the competition these companies ...

Chief economist update: Surveys back All Ords climb

BENJAMIN ONG  |  MONDAY, 24 JUN 2019
... the continued expansion in new orders presages improving activity going forward. This is consistent with the Commonwealth Bank of Australia (CBA) PMI survey. The flash estimate of the CBA composite PMI index rose from a reading of 51.5 in May to 53.1 ...

Commonwealth Bank mulls retail advice business sale

KANIKA SOOD  |  FRIDAY, 21 JUN 2019
Commonwealth Bank is reviewing options for its CommSec Advisory business, including a potential sale. "As part of our focus on becoming a simpler, better bank, we are currently reviewing a number of options for CommSec's retail financial advice ...

Wealth management investigations spike

KANIKA SOOD  |  FRIDAY, 21 JUN 2019
The corporate regulator's wealth management investigations increased 129% in the year to March 2019, ASIC commissioner John Price said yesterday. In opening comments to a keynote panel discussion at the Governance and Risk Management Forum in Melbourne ...

Chief economist update: BOE lets peers do the heavy lifting

BENJAMIN ONG  |  FRIDAY, 21 JUN 2019
It appears the Bank of England (BOE) is marching to a different tune. While the BOE's monetary policy committee decided to keep current monetary policy settings at its June meeting just like the Fed and the Bank of Japan, it offered an opposing ...

Aberdeen Standard hires retirement head

HARRISON WORLEY  |  THURSDAY, 20 JUN 2019
Aberdeen Standard Investments has moved to accelerate its shift to a major retirement solutions provider in Australia, appointing a former Ernst and Young wealth partner as head of retirement. The global asset manager recruited EY wealth management ...

Chief economist update: Fed plans for Trump contingency

BENJAMIN ONG  |  THURSDAY, 20 JUN 2019
... participants projecting two rate reductions and one official calling for a single rate reduction this year. Heck, Federal Reserve Bank of St. Louis James Bullard even voted for an outright 25 bps rate reduction at June meeting. Not surprisingly, investors ...

Facebook to launch own currency

HARRISON WORLEY  |  WEDNESDAY, 19 JUN 2019
... internet and their low costs. The tech giant said much of the world's adult population - almost half according to the World Bank - don't have an active bank account, with even more dire numbers for women. "The cost of that exclusion is high - approximately ...

Chief economist update: Cash is King

BENJAMIN ONG  |  WEDNESDAY, 19 JUN 2019
... interest rates unchanged at current levels after its June meeting at 77.5%. This intuitively makes sense. The US central bank couldn't just adjust policy settings from a "patient pause" approach to an outright rate reduction without ringing alarm ...