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Showing 4761 - 4770 of 17956 results for "Bank"

Aussie banks underestimated difficulties of advice: Hartzer

HARRISON WORLEY  |  THURSDAY, 22 NOV 2018
... required to make that work," Hartzer said. Counsel assisting Michael Hodge quizzed Hartzer - who leads the only major Australian bank not to recently jettison its wealth management arm - over the value of financial advice to Westpac's shareholders if ...

Melbourne boutique hires deputy CIO

KANIKA SOOD  |  WEDNESDAY, 21 NOV 2018
A Melbourne boutique has snapped up a former central bank portfolio manager as its deputy chief investment officer. Jamieson Coote Bonds is welcoming Duanjai Samranvedhya, as it opens a Singapore office and expand its global investment capabilities. ...

CBA board ignored key issues in deciding executive pay

KANIKA SOOD  |  WEDNESDAY, 21 NOV 2018
The Commonwealth Bank board ignored major scandals besieging the bank when it approved the variable remuneration for its top executives for FY16, the Royal Commission heard. The bank's top executives were paid a fixed pay and variable pay split into ...

Chief economist update: Thanks for nothing

BENJAMIN ONG  |  WEDNESDAY, 21 NOV 2018
America's Thanksgiving celebration is only two winks away but the way the US equity market is going, investors have nothing to give thanks for. Three of Wall Street's benchmark equity indices are now in the red for the year - S&P 500 down 1.2% ...

FASEA listens as advice industry combs blueprint

DARREN SNYDER  |  TUESDAY, 20 NOV 2018
The initial response to FASEA's education and ethical standards blueprint suggests the document needs more tweaks. However, it's clear the authority is listening to its advice industry constituents. The Association of Financial Advisers, the Financial ...

Royal Commission puts bonuses on notice

HARRISON WORLEY  |  TUESDAY, 20 NOV 2018
... University uncovers flaws in the use of balanced scorecards to determine remuneration. It comes as Australia's biggest bank bosses face the Royal Commission. According to researchers from the university's Applied Finance department, balanced ...

Comyn promises personal accountability

KARREN VERGARA  |  TUESDAY, 20 NOV 2018
CBA chief executive Matt Comyn told the financial services Royal Commission how he plans to overhaul the bank that was "once great" under his leadership, but flagged there might be "missteps" along the way. Comyn admitted that the pursuit of financial ...

Inside Bennelong and its UK engine room

DARREN SNYDER  |  TUESDAY, 20 NOV 2018
Thirteen months on from securing its first boutique partners, the UK business of Bennelong Funds Management is ready to scale up. But will Brexit get in the way? Speaking to Financial Standard in London recently, BennBridge chief operating officer Greg ...

Aussie companies drop dividends

KANIKA SOOD  |  MONDAY, 19 NOV 2018
... the total Aussie payout as it shaved off $700 million from its dividends to shareholders in the midst of a restructuring. Bank dividends also flat lined as the country's highest-dividend payers kept dividend rates on hold, except for CBA which made an ...

Apologies are over: Royal Commission looks to future

HARRISON WORLEY  |  MONDAY, 19 NOV 2018
The final round of the financial services Royal Commission will ask chief executives at Australia's largest wealth management companies how to prevent this same misconduct ever happening again. Making her opening statement this morning, counsel ...