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Showing 4431 - 4440 of 17956 results for "Bank"

ANZ dismisses alleged job cuts

KARREN VERGARA  |  THURSDAY, 18 APR 2019
... cut programs or targets in the works, and that much of the reduction in numbers written in the press are a result of the bank divesting its Asian retail businesses. The statement read: "While we don't have any specific reduction programs or targets ...

Superannuation fund names innovation, transformation lead

KARREN VERGARA  |  THURSDAY, 18 APR 2019
A $50 billion superannuation fund has appointed an innovation and transformation lead and finalised its leadership restructure. Jeremy Hubbard joins as group executive of innovation and transformation, responsible for executing Rest's business strategy ...

CBA owes staff $15 million

ELIZABETH MCARTHUR  |  THURSDAY, 18 APR 2019
Commonwealth Bank Australia (CBA) notified the Finance Sector Union (FSU) it will have to reimburse staff after a series of errors resulted in workers being underpaid. Thousands of current and former employees of CBA and BankWest have been underpaid ...

Chief economist update: China and the spring in its step

BENJAMIN ONG  |  THURSDAY, 18 APR 2019
... readings (indicating contraction) in the previous three months. The timely counter-cyclical measures by both the People's Bank of China (PBOC) and the country's fiscal authorities are starting to bear fruit. The People's Bank of China cut ...

NAB remediation bill hits $1.1bn

JAMIE WILLIAMSON  |  THURSDAY, 18 APR 2019
National Australia Bank has set aside an additional $525 million for customer remediation, more than 90% of which is in relation to its wealth operations. The total owing is now estimated at more than $1.1 billion. Announced today, the $525 million ...

NPP chair breaks down rollout

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 APR 2019
Former Commonwealth Bank and Westpac chief information officer Bob McKinnon is tasked with the tough job of chairing the New Payments Platform (NPP) through its rollout. McKinnon was made chair at the end of January this year. In March, the RBA revealed ...

FSU seeks transparency on CBA job cuts

KARREN VERGARA  |  TUESDAY, 16 APR 2019
Commonwealth Bank is under pressure to disclose the extent of its planned job cuts across its branches and technology division, alleged to affect 10,000 employees. The Financial Sector Union said it wrote to CBA chief executive Matt Comyn asking to ...

Aussie blockchain investor goes global

ELIZABETH MCARTHUR  |  TUESDAY, 16 APR 2019
Australian digital assets investment firm TCM Global Asset Management (formerly Token Capital Management) is making its first international foray. TCM is chaired by former ANZ managing director of global markets, Steve Bellotti, and its chief executive ...

BMO Global Asset Management creates new role

ELIZABETH MCARTHUR  |  TUESDAY, 16 APR 2019
The global investment manager has appointed the lead for its newly created global alternatives business. Stewart Bennett has been named in the newly created role of global head of alternatives. In the role, Bennett will be responsible for overseeing ...

Chief economist update: Equity market rally has legs

BENJAMIN ONG  |  TUESDAY, 16 APR 2019
... tighten financing conditions in an environment of large private and public sector debt in many countries, including sovereign-bank doom loop risks," it said. Yet, equity markets appear to remain unperturbed. The CBOE VIX index - the "fear gauge" - has ...