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Showing 4701 - 4710 of 17956 results for "Bank"

Shareholders put NAB board in the hot seat

KARREN VERGARA  |  WEDNESDAY, 19 DEC 2018
NAB executives were slammed for destroying shareholder value and for losing its lead as Australia's biggest bank by market capitalisation at its annual general meeting in Melbourne this morning. One shareholder during the question and answer session ...

Final call for 2019 Chief Economists Forum

DARREN SNYDER  |  WEDNESDAY, 19 DEC 2018
There are five economic factors that will determine whether investors add more risk to emerging markets portfolios in 2019. It's also at a time when EM equity valuations are relatively cheap yet investor sentiment is dim. Previewing the 2019 Financial ...

Former adviser charged over super theft

JAMIE WILLIAMSON  |  WEDNESDAY, 19 DEC 2018
... while he was director of Wealth Achievers. It is alleged McSweeny transferred client funds - mostly retirement savings - into bank accounts held in the name of two other businesses he was sole director of, Constantia Capital and Prettoria Capital. ASIC ...

Grandfathered commissions: Where to from here?

JAMIE WILLIAMSON  |  WEDNESDAY, 19 DEC 2018
... with the industry. Further, the tap was turned off for the group's employed advisers in 2014. In October, Commonwealth Bank began advocating for government intervention in removing grandfathered commissions for super and investment products. "We ...

MYEFO: Regulatory funding increases, Budget surplus doubles

DARREN SNYDER  |  MONDAY, 17 DEC 2018
The 2019 Federal Budget is projected to deliver a $4.1 billion surplus, up from the $2.2 billion estimate in this year's Budget. Financial services regulators have also received increased funding in the government's Mid-Year Economic and Fiscal ...

Former Paradice managers launch LIT

KANIKA SOOD  |  MONDAY, 17 DEC 2018
... market crash," Mitchell said. "Steven [Ng, co-founder] and I have all our personal money invested in Ophir's funds and bank accounts, the staff are invested in it and we just want to make sure we have the right structure for long-term returns." Mitchell ...

Bonds reward equity investors seeking refuge

KARREN VERGARA  |  MONDAY, 17 DEC 2018
... curve widely-referenced predictor of future recessions? The yield-curve slope, according to a paper from the Federal Reserve Bank of Chicago, summarises different variables that determine the conditions and evolution of the economy into one indicator. ...

Royal Commission sparks risk book sell-off

JAMIE WILLIAMSON  |  FRIDAY, 14 DEC 2018
Financial planners with smaller risk insurance books are looking to offload them now, save waiting for Commissioner Kenneth Hayne's final report. According to Radar Results, there has been a jump in the number of planners looking to sell risk books ...

CFS swaps global equities managers

KANIKA SOOD  |  FRIDAY, 14 DEC 2018
... 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.

Former Liberal Party leader joins Islamic super fund

JAMIE WILLIAMSON  |  FRIDAY, 14 DEC 2018
... growth in 2019. Hewson led the Liberal Party from 1990 to 1994. Hewson is also an economist, having worked for the Reserve Bank of Australia before entering politics, and is a former business journalist and director of Macquarie Bank. He will join career ...