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Showing 4641 - 4650 of 10723 results for "May 19"

No follow through

BENJAMIN ONG  |  TUESDAY, 8 AUG 2017
Unlike the Bank of Canada (BOC) which he headed from 2008-2013, now Bank of England (BOE) governor Mark Carney didn't follow through on the remarks he made at the European Central Bank Forum in Portugal that, "Some removal of monetary stimulus is likely ...

CBA blames reporting failure on software error

EMMA RAPAPORT  |  MONDAY, 7 AUG 2017
The Commonwealth Bank says its failure to notify AUSTRAC of more than 53,000 large cash deposits in its intelligent deposit machines was caused by a software error which was not discovered for more than two years. In a public statement CBA outlined ...

Advice too pricey for poor Australians

JAMIE WILLIAMSON  |  MONDAY, 7 AUG 2017
About 75% of Australians have not engaged a financial adviser in the last five years, with many believing it's too expensive and they don't earn enough to justify doing so. The majority of Australians who did visit a financial adviser in the last five ...

Australian dollar poses problem for RBA

BENJAMIN ONG  |  MONDAY, 7 AUG 2017
"The Australian economy is evolving broadly as expected. The Bank's forecasts are little changed from those published in the May Statement on Monetary Policy. The economy is expected to grow at an annual rate of around 3% over the next couple of years ...

Wealth begins its blockchain reaction

DARREN SNYDER  |  MONDAY, 7 AUG 2017
Ambitious financial services firms are driving Australia's global leadership in the development of blockchain technology, which is already delivering productivity and innovation benefits to the nation's trillion-dollar wealth industry. BNP Paribas Securities ...

CBA faces anti-money laundering allegations

EMMA RAPAPORT  |  FRIDAY, 4 AUG 2017
The Commonwealth Bank is potentially facing millions of dollars in civil penalties following allegations it did not comply with anti-money laundering and counter-terrorism law. Financial intelligence and regulatory agency AUSTRAC has initiated Federal ...

RBI succumbs to low-flation

BENJAMIN ONG  |  FRIDAY, 4 AUG 2017
The Reserve Bank of India (RBI) cut interest rates by 25 basis points - repo rate to 6% (the first reduction in 10 months and the lowest rate since October 2010) and the reverse repo rate to 5.75% (reversing the 25 bps hike announced only four months ...

Super funds must address climate risk: Market Forces

EMMA RAPAPORT  |  THURSDAY, 3 AUG 2017
The superannuation industry's failure to disclose evidence they have considered climate risk in their investment portfolios has left them vulnerable to legal action according to a financial services activist group. Analysis provided by Market Forces ...

Losses consistent with growth objectives: CGA

ALEX BURKE  |  THURSDAY, 3 AUG 2017
The board of Contango Asset Management (CGA) responded to an ASX query about whether it had sufficient funds to continue operating, saying negative cashflows are "consistent with long-term growth objectives." ASX principal adviser, listings compliance ...

Crisis emerging in Australian retirement system: HILDA

EMMA RAPAPORT  |  THURSDAY, 3 AUG 2017
The University of Melbourne says the long-term sustainability of Australia's retirement system is under threat from a growing wealth divide across generations. According to the university's latest Housing, Income, and Labour Dynamics in Australia (HILDA) ...