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Showing 4741 - 4750 of 17956 results for "Bank"

Chief economist update: RBA more likely to cut

BENJAMIN ONG  |  MONDAY, 3 DEC 2018
The Reserve Bank of Australia (RBA) painted an optimistic picture of the global and domestic economies when it held its policy meeting last month (6 November) before concluding that "...the stance of monetary policy unchanged at this meeting would be ...

Social media reacts to final Royal Commission hearings

HARRISON WORLEY  |  FRIDAY, 30 NOV 2018
... commentators took to twitter to have their say on the commission's outcomes, efforts of counsel assisting and performances of bank executives in the hot seat. #BankingRoyalCommision #bankingRC #BanksRC #ABC730. The Royal Commission ended as expected ...

Royal Commission: And that is a wrap

KANIKA SOOD  |  FRIDAY, 30 NOV 2018
The public were provided a glimpse into the tireless work of the financial services Royal Commission as Commissioner Kenneth Hayne and counsel assisting Rowena Orr made closing remarks this afternoon. The final day's hearings adjourned at 1.15pm and ...

Stop undermining franking credit refunds: Wilson

KARREN VERGARA  |  FRIDAY, 30 NOV 2018
... the big four banks, he said, noting that they could be "hurt the most" collectively losing $17 billion solely from their bank shareholding. Additionally, Labor's planned removal of full tax refunds would financially disadvantage women more severely ...

APRA not clear how to police BEAR breaches

KANIKA SOOD  |  FRIDAY, 30 NOV 2018
APRA chair Wayne Byres said the prudential regulator still hasn't locked in how it will enforce the BEAR regime if a bank executive breaches it, five months on from the change. Continuing his testimony on the Royal Commission's final day, Byres told ...

Investment manager chair retires

DARREN SNYDER  |  FRIDAY, 30 NOV 2018
... also a former Australian Council of Trade Unions (ACTU) secretary. He is also a former director at AustralianSuper and ME bank. Weaven said IFM board members Murray Bleach and Linda Rubinstein will also step down on December 4. The IFM board recently ...

Former planner charged with dishonesty

HARRISON WORLEY  |  FRIDAY, 30 NOV 2018
ASIC has charged a former financial planner with 13 dishonesty offences, for allegedly transferring SMSF funds to his own businesses. Bradley Grimm - who previously ran the now wound-up Ostrava Equities - allegedly transferred funds from the SMSFs of ...

ANZ hid reasons for executive pay cuts

KANIKA SOOD  |  THURSDAY, 29 NOV 2018
ANZ chief executive Shayne Elliott admitted the bank did not disclose to its shareholders or staff that three of its senior executives had their variable pay held back in FY18 on account of compliance issues. Elliot's own variable remuneration was ...

Mercer creates portfolio management lead role

KARREN VERGARA  |  THURSDAY, 29 NOV 2018
... roles at Pioneer Investments, which is part of European asset manager Amundi, as well as Incisive Capital Management and DZ Bank Ireland. Mercer also recently named Campbell McCulloch as the head of fund implementation. Prior to Mercer, he spent 11 years ...

ANZ lambasted for breach reporting delays

KARREN VERGARA  |  WEDNESDAY, 28 NOV 2018
... significant breaches, the Royal Commission heard this morning. ANZ chief executive Shayne Elliott couldn't justify why the bank took 213 days to report significant breaches (despite a legal obligation to do so within 10 days) and blamed the complexity ...