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Showing 4511 - 4520 of 17956 results for "Bank"

Westpac exits personal advice, restructures leadership

JAMIE WILLIAMSON  |  TUESDAY, 19 MAR 2019
... will be retained across super, platform and insurance offerings. The new consumer division will be led by current business bank chief executive David Lindberg. General manager of commercial banking Alastair Welsh will act in the role of chief executive ...

Codes of conduct to be made enforceable

ELIZABETH MCARTHUR  |  TUESDAY, 19 MAR 2019
The Federal Government has responded to the recommendation from the Royal Commission that financial service industry codes of conduct should be enforceable by ASIC. The Treasury released a consultation paper addressing this point from Hayne's report ...

IOOF faces class action

KANIKA SOOD  |  MONDAY, 18 MAR 2019
... Scattini was a lawyer at Slater & Gordon in 2010 when the firm worked on getting investors compensation from Commonwealth Bank after Storm Financial collapsed. He is now a partner at Quinn Emanuel and will lead the team working on the IOOF class action ...

RBA issues stern climate change warning

ELIZABETH MCARTHUR  |  MONDAY, 18 MAR 2019
The Reserve Bank of Australia says the economy faces an "abrupt" blow to financial stability from climate change. In a speech, RBA's deputy governor Guy Debelle said climate change will likely have a permanent effect on the Australian economic landscape. ...

Former adviser cops 10-year prison sentence

JAMIE WILLIAMSON  |  MONDAY, 18 MAR 2019
... self-managed superannuation funds and invest their super and other funds in products such as shares, managed funds and interest rate bank accounts. The amount invested by clients totalled $6.7 million. However, none of the money actually made it into ...

Zero tolerance approach to poor culture needed

KARREN VERGARA  |  MONDAY, 18 MAR 2019
... NAB's annual general meeting last December, outgoing chair Ken Henry was slammed for saying it will take 10 years for the bank to change its problematic culture highlighted by the Royal Commission. This should only take 10 months, one shareholder ...

Chief economist update: Be fearful when indicators show no fear

BENJAMIN ONG  |  MONDAY, 18 MAR 2019
... normality, punctuated by NY Fed president John Williams' recent comment that the Fed funds rate is now at neutral. The Reserve Bank of Australia (RBA) shifted its policy stance from tightening to neutral; the European Central Bank (ECB) launched ...

Reforming bank culture rests on regulators: Silk

KARREN VERGARA  |  FRIDAY, 15 MAR 2019
The chief executive of Australia's largest superannuation fund is pinning his hopes on the regulators to transform the culture of the big banks and retail sector. AustralianSuper chief executive Ian Silk says he's doubtful that the organisations called ...

Chief economist update: What's the RBA waiting for?

BENJAMIN ONG  |  FRIDAY, 15 MAR 2019
... measures of CPI slowed to 1.75% in the December 2018 quarter from 1.80% in the previous quarter. So what's the Reserve Bank of Australia (RBA) waiting for? Why doesn't it cut interest rates, and cut it now? I could only surmise that the reason ...

Goldman Sachs creates new super, pensions role

ELIZABETH MCARTHUR  |  FRIDAY, 15 MAR 2019
... been an executive director since 2015. Prior to starting at Goldman Sachs, MacEwan worked in capital markets at the Royal Bank of Scotland Business in Sydney and was vice president of Forsyth Barr in Auckland. He began his career at ABN AMRO Bank in ...