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Showing 421 - 430 of 3558 results for westpac

CommSec adds general manager

JAMIE WILLIAMSON  |  THURSDAY, 3 SEP 2020
... recently appointed general manager, broking and markets within Commonwealth Bank's retail brokerage arm. He joined from Westpac where he served as an investment director, catering to the group's private wealth clients, for the last 18 months. ...

Banks to be questioned on COVID-19 response

ELIZA BAVIN  |  WEDNESDAY, 2 SEP 2020
... particular, the committee will question banks regarding compliance issues that have continued to come to light, such as Westpac's compliance failings in relation to its transaction reporting system. "Failures of this type have once again shaken the community's ...

ASIC drops CBA investigation

ALLY SELBY  |  THURSDAY, 27 AUG 2020
... The fine represents the largest ever penalty in Australian corporate history, however, that is likely to be surpassed by Westpac - expected to cough up $1.5 billion over its own money laundering scandal that involved more than 23 million money laundering ...

HUB24 reports record results

ALLY SELBY  |  TUESDAY, 25 AUG 2020
... June 2022, which it says will be driven by continued strong net inflows. HUB24 also announced it had appointed a former Westpac executive as its chief financial officer and joint company secretary, commencing September 7. Kitrina Shanahan has nabbed ...

Advice remediation tops $1bn

ELIZABETH MCARTHUR  |  MONDAY, 24 AUG 2020
AMP, ANZ, Commonwealth Bank, Macquarie, National Australia Bank and Westpac have paid or offered a total of $1.05 billion in compensation to customers as a result of fee for no service, misconduct and non-compliance advice, according to ASIC. ASIC said ...

Dividend cuts not as bad as expected

KANIKA SOOD  |  FRIDAY, 21 AUG 2020
... of their earnings while deciding dividends until December, after APRA issued revised guidelines. Of the big four, only Westpac cancelled their dividend. "CBA was able to declare at the top end of expectations, and ANZ are paying out their interim dividend ...

Westpac offloads vendor finance business

ALLY SELBY  |  FRIDAY, 21 AUG 2020
Westpac has sold its vendor finance business to a New York-headquartered private equity firm, in the first sale from the bank's strategic review stable. Cerberus Capital Management has acquired Westpac's Strategic Alliances, with the equipment ...

ASIC takes action against BTFM, Asgard, StatePlus

JAMIE WILLIAMSON  |  THURSDAY, 20 AUG 2020
... for financial product advice that wasn't provided between 2001 and August 2017. From December 2017 to March 2018, Westpac remediated members to the tune of $634,490. The action announced today relates to conduct over the last six years. In response ...

ANZ posts profit, announces dividend

ELIZA BAVIN  |  WEDNESDAY, 19 AUG 2020
... bank said took into account its capital strength and updated regulatory guidance. The decision to pay a dividend means Westpac is the only of the big four banks to opt against a dividend this reporting round. ANZ's interim dividend represents 46% of ...

Westpac ditches dividend

ELIZA BAVIN  |  TUESDAY, 18 AUG 2020
Westpac has become the first of the big four banks to not deliver a dividend in its first half results as it reported a net profit of $595 million and revealed it anticipates further enforcement action from ASIC. Westpac chief executive Peter King said ...