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Showing 4751 - 4760 of 17956 results for "Bank"

Should banks fund customer litigation?

HARRISON WORLEY  |  TUESDAY, 27 NOV 2018
NAB chair Ken Henry openly asked the Royal Commission whether the bank should fund customer litigation against itself. Remerging at the Royal Commission, NAB's plan service fee issue became a focal point of discussion between the bank's chair and counsel ...

Chief economist update: Is TLTRO III coming?

BENJAMIN ONG  |  TUESDAY, 27 NOV 2018
... long-term funding at attractive conditions to banks in order to further ease private sector credit conditions and stimulate bank lending to the real economy. The TLTROs, therefore, reinforce the ECB's current accommodative monetary policy stance ...

Overhaul executive remuneration: Poll

KARREN VERGARA  |  MONDAY, 26 NOV 2018
... pay packet to $8.36 million - 17% lower than what former chief executive Ian Narev received. Comyn told the Commission the bank placed too much emphasis on financial measures instead of promoting accountability and encouraging employees to ensure that ...

Vertical integration not to blame

HARRISON WORLEY  |  MONDAY, 26 NOV 2018
... Hayne should avoid recommending legislative action disturbing the widely-adopted model. Westpac - the only major Australian bank not to recently offload its wealth management arm - defends the practice of vertical integration. The structure is not responsible ...

Wealth an unnecessary failure: Thorburn

HARRISON WORLEY  |  MONDAY, 26 NOV 2018
... a mortgage," Thorburn said. "I don't think that's a natural conversation a banker would have." According to Thorburn, the bank made several mistakes with wealth business MLC, which led to its abandonment. The first of which was failing to integrate its ...

BEAR should be expanded, ASIC included: Shipton

JAMIE WILLIAMSON  |  FRIDAY, 23 NOV 2018
... the Securities and Futures Commission in Hong Kong, the ACCC, the UK's Competition and Markets Authority and the Reserve Bank, she added. "There are concerns that I have when I look at the current operational framework and responsibilities of ASIC. That ...

Royal Commission on social media: Executives grilled

HARRISON WORLEY  |  FRIDAY, 23 NOV 2018
... (@DeniseBrailey) November 21, 2018 Consumer advocate Denise Brailey praised counsel assisting Rowena Orr for revealing the Commonwealth Bank asked former chair David Turner to return 40% of his director's fees. ASIC head Shipton scolded at #BankingRC. ...

Increase adviser standards sector-wide: FSU

JAMIE WILLIAMSON  |  FRIDAY, 23 NOV 2018
The new professional standards imposed on financial advisers should be rolled out across the entire financial services sector. That is the view of the Finance Sector Union which said a process of professionalisation should extend to other occupations ...

Misconduct matters, but stability key for Frydenberg

HARRISON WORLEY  |  FRIDAY, 23 NOV 2018
... suggestion comes as the Royal Commission's public hearings draw to a close. This week, executives from the Commonwealth Bank, Westpac, Macquarie and ASIC faced the Commission over the actions of their organisations, with topics such as remuneration ...

Chief economist update: Where are the BOJ exit speculators now?

BENJAMIN ONG  |  FRIDAY, 23 NOV 2018
In the early months of this year, financial markets were abuzz with speculations that the Bank of Japan (BOJ) would follow the Fed's lead and start implementing an exit strategy. Speculations started to gain prominence as early as January when the ...