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Showing 4691 - 4700 of 17956 results for "Bank"

Chief economist update: Another year over, a new one begins

BENJAMIN ONG  |  MONDAY, 7 JAN 2019
... being Trump's central target, is worse hit as its economy and its stockmarket declined. So much so, the People's Bank of China (PBOC) recently announced a 1% cut in the reserve requirement ratio (RRR) - 0.5% on January 15 and 0.5% on January ...

ASIC and Westpac court battle sees mixed outcome

DARREN SNYDER  |  FRIDAY, 4 JAN 2019
... has provided greater clarity between general and personal financial advice, ruling in favour of Westpac's position. Yet the bank still managed to breach the Corporations Act. Judge Jacqueline Gleeson said ASIC failed to demonstrate that Westpac Securities ...

Where UniSuper sees market opportunities

KANIKA SOOD  |  MONDAY, 31 DEC 2018
UniSuper chief investment officer John Pearce spoke to Financial Standard earlier this month about market opportunities, building the fund's in-house investment team and CIPRs. Pearce said the fund doesn't particularly see a need to pull back ...

Super funds wield bank remuneration stick

DARREN SNYDER  |  FRIDAY, 21 DEC 2018
... nation's superannuation funds on average hold between one-fifth and one-quarter of their Australian equities portfolios in bank stocks (or more than 20% of the banks' market capitalisation) - meaning they are a significant player when it comes to shareholder ...

APRA lifts interest-only restrictions

HARRISON WORLEY  |  FRIDAY, 21 DEC 2018
Australia's banks can now move back into interest-only lending, and their peak industry body says competition will increase as a result. This week APRA announced it would remove the 30% benchmark for new interest-only residential mortgages, which it ...

CBA and Alipay to bring in Chinese shoppers

KANIKA SOOD  |  THURSDAY, 20 DEC 2018
Commonwealth Bank has started accepting Alipay on its EFTPOS devices in a bid to attract Chinese shoppers who last year spent $10.9 billion in Australia. This makes CBA the first of the big four banks to accept Alipay in Australia, ahead of NAB which ...

Spriggy wins 2018 Best Fintech Startup Award: StartCon

MICHELLE BALTAZAR  |  THURSDAY, 20 DEC 2018
A fintech business aimed at helping children develop good money habits won a major award at the 2018 Australasian Startup Awards. Spriggy was set up in 2015 by founders Alex Badran and Mario Hasanakos. Their main product is a pre-paid debit card for ...

HSBC appoints wealth leader

HARRISON WORLEY  |  THURSDAY, 20 DEC 2018
... Tricaud said Power's appointment would see her responsible for continuing the growth trajectory of HSBC's retail bank in Australia. She will report to Tricaud directly as well as Kevin Martin, the Asia Pacific head of wealth and retail banking. ...

Ten stories that defined the Royal Commission

HARRISON WORLEY  |  WEDNESDAY, 19 DEC 2018
... chairs of Australia's largest financials services entities took their turn in the Royal Commission's hot seat, Commonwealth bank chief executive Matt Comyn spoke of how he planned to overhaul the bank that was "once great" under his leadership, but flagged ...

Financial Standard unwrapped: Our top stories in 2018

HARRISON WORLEY  |  WEDNESDAY, 19 DEC 2018
... in July, joining three of Australia's big four banks in spinning off their wealth management arms, with Commonwealth Bank announcing the demerger of Colonial First State just a month earlier. By April HSBC had already completed a significant wind-down ...