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Showing 4411 - 4420 of 17956 results for "Bank"

Westpac reveals Magnitude, Securitor adviser remediation

HARRISON WORLEY  |  WEDNESDAY, 1 MAY 2019
... representatives who operated under the Magnitude and Securitor advice licenses between 2008 and 2018. This is expected to cover the bank for remediation payments up to $297 million, as well as $138 million in interest costs and $75 million in costs associated ...

IRESS appoints managing director

ELIZABETH MCARTHUR  |  WEDNESDAY, 1 MAY 2019
A former head of business consulting for MLC and head of insurance and licensee services for National Australia Bank will take on a leadership role at IRESS. IRESS has announced the appointment of Phil Quin-Conroy to the role of managing director of ...

Big banks forced to cut costs: Perennial Value

ELIZABETH MCARTHUR  |  WEDNESDAY, 1 MAY 2019
... at the moment in the sense that revenue is muted because loan growth is slow." King referred to recent news Commonwealth Bank was considering major job cuts, which the Financial Services Union forced the bank to clarify. "Now, we've heard stories about ...

ME Bank adds new chair, directors

ELIZABETH MCARTHUR  |  TUESDAY, 30 APR 2019
The industry fund-owned bank announced three changes to its board of directors, including the appointment of a new chair. ME Bank has appointed Jim Evans as chair. Evans has over 30 years' experience in the banking and financial services industries ...

ATO demands crypto data

ELIZABETH MCARTHUR  |  TUESDAY, 30 APR 2019
... cryptocurrency, wallet address associated with the account, lost or stolen cryptocurrency amounts linked to accounts, linked bank accounts and total account balance. The ATO said the purpose of the data matching program is to ensure taxpayers are correctly ...

Chief economist update: A good problem to have?

BENJAMIN ONG  |  TUESDAY, 30 APR 2019
... Take a boat ride across the Atlantic, and you'll find that in spite of the overhanging uncertainty that is Brexit, the Bank of England (BOE) has an easier monetary policy decision to make (its monetary policy committee meets on May 2). The odds are ...

Chief economist update: Inflation is dead

BENJAMIN ONG  |  MONDAY, 29 APR 2019
... money splashed by central banks is able to stir above-target increases in consumer prices (most western, capitalist central bank targets 2.0% inflation). Latest inflation data shows inflation in the US at 1.9%; the Eurozone at 1.4%; Japan at 0.5%; the ...

Rush of advisers sign up before FASEA deadline

ELIZABETH MCARTHUR  |  FRIDAY, 26 APR 2019
... increased 38% while institutionally-aligned advisers grew just 6%. Despite the overall jump in advisers registering, Commonwealth Bank, ANZ, NAB, Westpac, IOOF and AMP recorded a reduction in numbers of 2% over the last year. NAB and IOOF are the only ...

ASA to vote against AMP remuneration

HARRISON WORLEY  |  FRIDAY, 26 APR 2019
The Australian Shareholders Association is set to take a swing against AMP at the wealth manager's AGM next week. ASA will vote against AMP's remuneration report at its annual general meeting next Thursday, as it harbours ongoing concerns about culture ...

Chief economist update: Lock in two RBA rate cuts

BENJAMIN ONG  |  FRIDAY, 26 APR 2019
... it reveals that Australian consumer price inflation has softened... big time. There's no other option for the Reserve Bank of Australia (RBA) to cut interest rates soon and twice. The Australian Bureau of Statistics' (ABS) consumer price index ...