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Showing 4351 - 4360 of 17956 results for "Bank"

Rising costs outpace retiree savings

KARREN VERGARA  |  FRIDAY, 24 MAY 2019
... number of items," said ASFA chief executive Martin Fahy. "The relatively low rate of inflation has brought interest rates for bank deposits to historical low levels, placing pressures on the household budgets for retirees relying on income from term ...

Material weakness in super funds, insurers exposed

KARREN VERGARA  |  THURSDAY, 23 MAY 2019
The numerous weaknesses exposed in APRA's prudential inquiry into the Commonwealth Bank are apparent among life insurers and superannuation funds. The prudential regulator wrote to 36 insurers, super funds and ADIs last June off the back of its ...

ASIC bans adviser over super theft

ELIZABETH MCARTHUR  |  THURSDAY, 23 MAY 2019
... of the 14 companies, Wealth Achievers. It was alleged McSweeny transferred client funds - mostly retirement savings - into bank accounts held in the names of another two of the 14 companies. It was also alleged he directed an employee to construct a ...

Chief economist update: Like Britney Spears, Financial Standard's done it again

BENJAMIN ONG  |  THURSDAY, 23 MAY 2019
... plugging in Australia's growth and inflation parameters at the time. It took two months and a few days before Reserve Bank of Australia governor Philip Lowe came around to Financial Standard 's view, admitting as much, when he delivered his address ...

AFCA seeks to strengthen leadership

ELIZABETH MCARTHUR  |  THURSDAY, 23 MAY 2019
The Australian Financial Complaints Authority (AFCA) is recruiting for a number of newly-created senior roles. Chief ombudsman and chief executive David Locke will appoint a deputy chief ombudsman and general counsel. The new leadership roles will be ...

Credit fund launches to wholesale investors

KARREN VERGARA  |  WEDNESDAY, 22 MAY 2019
... ASX-listed Moelis Australia (MOE), which was established in 2009 in partnership with New York Stock Exchange-listed investment bank Moelis & Company. Moelis Australia advises on corporate transactions and has more than $3.7 billion in assets under ma ...

Members ignorant about super fund differences: Research

KARREN VERGARA  |  WEDNESDAY, 22 MAY 2019
... their fund did so with the help of their employer and nearly 40% received advice from their accountant, financial planner or bank. AIST chief executive Eva Scheerlinck said the findings highlight the need to compare funds without having to search across ...

Chief economist update: RBA to take rates to fresh record low

BENJAMIN ONG  |  WEDNESDAY, 22 MAY 2019
Reserve Bank of Australia (RBA) governor Philip Lowe provided the clearest indication yet that the Australian central bank is poised to cut interest rates, potentially at its June 4 meeting. The transcript of Lowe's speech - titled 'The Economic ...

RBC I&TS Australia lead departs

JAMIE WILLIAMSON  |  TUESDAY, 21 MAY 2019
... years' experience in financial services, having held prior roles with J.P. Morgan Investor Services, Goldman Sachs and Royal Bank of Scotland. "He will provide senior oversight to ensure governance across RBC I&TS business and functions. Australia is ...

Fintech no real threat: Researcher

ELIZABETH MCARTHUR  |  TUESDAY, 21 MAY 2019
... business unsecured credit that are underserved by incumbent banks, and areas that do not require the liquidity and scale of a bank's balance sheet, such as payment services." He went on to explain the major incumbents have already responded to the threat ...