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Showing 4581 - 4590 of 17956 results for "Bank"

Chief economist update: Unchanged RBNZ stance would force it to change stance

BENJAMIN ONG  |  THURSDAY, 14 FEB 2019
... inflation is expected to rise to around the mid-point of our target range at 2%." These were the rationales behind the Reserve Bank of New Zealand's (RBNZ) decision - as explained by Governor Adrian Orr - to keep the official cash rate unchanged ...

Former Westpac GM joins APRA review

HARRISON WORLEY  |  WEDNESDAY, 13 FEB 2019
... non-executive director of Wesfarmers. Joining Smith-Gander on the review panel will be former deputy governor of the Reserve Bank of New Zealand, Grant Spencer. Spencer formerly held senior roles at the International Monetary Fund and was also previously ...

Royal Commission dampens superannuation success

KARREN VERGARA  |  WEDNESDAY, 13 FEB 2019
Findings from the banking Royal Commission has overshadowed Australia's superannuation system scoring the top spot in a global study of pension markets. Willis Towers Watson and the Thinking Ahead Institute named Australia as the number one pension ...

Former super fund executive joins fintech

DARREN SNYDER  |  WEDNESDAY, 13 FEB 2019
Digital financial literacy company Money101 started 2019 with the appointment of its new chief executive. Money101 has welcomed Theresa Mills in the top role. She currently sits on the Federal Government's Financial Literacy Board and is a former executive ...

Challenger adds new boutique

KANIKA SOOD  |  WEDNESDAY, 13 FEB 2019
Challenger's multi-boutique asset management business has taken a minority stake in a new alternatives manager. Fidante Partners will take over the distribution and marketing of London-based FME Asset Management (Financial Markets Engineering), in line ...

Royal Commission to disrupt product distribution: Roy Morgan

JAMIE WILLIAMSON  |  WEDNESDAY, 13 FEB 2019
... industry communications director Norman Morris said many of the issues raised in the Royal Commission were in relation to how bank customers purchased their products and the extent to which their needs were understood and taken into account. "Many of ...

Westpac mulls sale of in-house planners

JAMIE WILLIAMSON  |  WEDNESDAY, 13 FEB 2019
... Westpac continues to work through, the spokesperson added. In the past two years, three major banks­ - ANZ, Commonwealth Bank and National Australia Bank - announced plans to divest wealth management arms. In November last year, Westpac chief executive ...

Macquarie expects profit jump

KANIKA SOOD  |  TUESDAY, 12 FEB 2019
Macquarie Group is expecting its FY19 results to outstrip last year's results by up to 15%, and has made three key appointments. This means it could post $3.9 billion in profits when it announces FY19's full-year results in early May. "While the impact ...

Royal Commission will worsen credit crunch: Poll

KARREN VERGARA  |  TUESDAY, 12 FEB 2019
The current credit crunch will deepen as a result of the financial services Royal Commission's final recommendations, Financial Standard 's latest spot poll shows. The majority of respondents (64%) agreed Commissioner Hayne's final report ...

Chief economist update: UK economy slows on Brexit woes

BENJAMIN ONG  |  TUESDAY, 12 FEB 2019
When the Bank of England (BOE) decided to keep monetary policy settings unchanged following its February 7 monetary policy committee meeting, it acknowledged in its statement that: "UK economic growth slowed in late 2018 and appears to have weakened ...