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Showing 4671 - 4680 of 17956 results for "Bank"

Chief economist update: The curse of Japan's consumption tax hike

BENJAMIN ONG  |  TUESDAY, 15 JAN 2019
About this time last year, financial markets were awash with speculation the Bank of Japan (BOJ) would follow the Fed's lead and start implementing a monetary policy exit strategy. Speculations started to gain prominence as early as January 2018 ...

AAT upholds AFSL rejection

OSKAH DUNNIN  |  TUESDAY, 15 JAN 2019
ASIC's decision to reject Michael David Watson's Australian Financial Services (AFS) Licence (AFSL) was recently upheld by the Administrative Appeals Tribunal (AAT). Watson had applied for an AFSL license to provide advice for self-managed superannuation ...

Chief economist update: Safe as burning houses

BENJAMIN ONG  |  MONDAY, 14 JAN 2019
... version of the GFC: warning on looming interest-only crisis" published in July last year. As per the article: "The Reserve Bank has previously warned A$500 billion in interest-only loans are set to expire in the next four years, causing a significant ...

Productivity Commission report puts banks first: ACTU

HARRISON WORLEY  |  FRIDAY, 11 JAN 2019
... geared towards promoting the best performing funds would promote industry funds which have year after year outperformed all bank-owned funds, simply because they are run to enhance the retirement savings of their members, not the share price of the big ...

Best-in-show splits industry

KARREN VERGARA  |  FRIDAY, 11 JAN 2019
... may disadvantage members in these funds. "Meanwhile, millions of Australians will be left to languish in poorly-performing bank and insurance owned funds that are outside the default system." The Commission said the shortlist shouldn't prevent members ...

Fed's pause becomes the ECB's problem

BENJAMIN ONG  |  FRIDAY, 11 JAN 2019
... currencies, such as the euro. The euro's 4.5% depreciation versus the greenback last year has allowed the European Central Bank to end its asset purchase programme at the end of 2018. The euro's now appreciating as a result of the Fed's shift in stance. ...

IRESS lead moves to Chi-X

KANIKA SOOD  |  THURSDAY, 10 JAN 2019
... Jokovic said. Last year, Chi-X opened up Aussie investors access to international tech stock Apple in partnership with Deutsche Bank through a new security. Deutsche Bank issued a security called transferable custody receipts (TraCRs ) to invest in overseas ...

Platform fee disclosures overlooked: ISA

KARREN VERGARA  |  THURSDAY, 10 JAN 2019
Industry Super Australia welcomed ASIC's proposed fee transparency disclosure changes but pointed out that several areas fell short and failed to address ongoing issues. In response to Consultation Paper 308, ISA said one of Darren McShane's ...

ASFA, ISA, FSC weigh in on the final report

KARREN VERGARA  |  THURSDAY, 10 JAN 2019
Major industry associations collectively agree that the Productivity Commission's final report reaffirms the strength of superannuation, but member advocates say the findings are wake up call to fix a broken system. CHOICE chief executive Alan Kirkland ...

CFS tops up Morgan Stanley mandate

KANIKA SOOD  |  WEDNESDAY, 9 JAN 2019
... executive at October end. CBA's asset management business CFSGAM was excluded from the demerger and sold to Japanese bank Mitsubishi UFJ Trust and Banking Corporation (MUTB) in a transaction expected to settle in mid-2019. Last month, Financial Standard ...