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Showing 4781 - 4790 of 17956 results for "Bank"

Merger to create $885m LIC

KARREN VERGARA  |  WEDNESDAY, 14 NOV 2018
Two listed investment companies will merge to create an $885 million single entity. WAM Leaders (WLE) is set to acquire 100% of Century Australia Investments (CYA), a LIC that primarily invests in the S&P/ASX 300 and has $97 million is assets. CYA aims ...

Labor responds to Royal Commission, sheds light on victims of misconduct

HARRISON WORLEY  |  TUESDAY, 13 NOV 2018
... response to Commissioner Kenneth Hayne's interim report, documenting feedback to the Royal Commission through victims of bank misconduct, including claims banks go out of their way to avoid compensation settlements. In its submission the Labor Party ...

Industry fund adds chief risk role

JAMIE WILLIAMSON  |  TUESDAY, 13 NOV 2018
... business banking division. Prior to that he held various senior risk roles with NAB, having spent about 17 years with the bank. "The appointment of Martin is a strong and timely addition to the fund, particularly given the increasing importance of compliance ...

Growth spurs new hires at Australian Unity

HARRISON WORLEY  |  TUESDAY, 13 NOV 2018
Australian Unity made a raft of appointments to support growth in its investments arm. The wealth manager added George Cupac to lead its private markets and institutional clients division, while hiring former AMP Capital executive Shantini Nair as its ...

Chief economist update: Buy the dip or sell the rallies?

BENJAMIN ONG  |  TUESDAY, 13 NOV 2018
This from the morning Factset 'Top Stories' feed: Why are stocks lower? Weakness in US equities follows big bounce over last couple of weeks in the wake of October selloff. iPhone demand concerns weighing heavily on AAPL-US, supply chain names ...

Westpac cops BBSW fine

HARRISON WORLEY  |  MONDAY, 12 NOV 2018
Westpac will pay a $3.3 million penalty over its involvement in the bank bill swap rate saga that's ensnared Australian banks this year. On Friday the Federal Court ordered the bank pay $3.3 million for contravening the ASIC Act in its involvement in ...

Future Fund appoints to board

KANIKA SOOD  |  MONDAY, 12 NOV 2018
... John Fraser is joining the Future Fund's board of guardians, effective today. Fraser previously sat on the boards of Reserve Bank of Australia (RBA) and Australian Council of Financial Regulators. He was also a secretary to the Department of Treasury ...

Ganis brings the changes at YBR

HARRISON WORLEY  |  MONDAY, 12 NOV 2018
... Australia as state manager, making the move from CBA where he served as Queensland and Western Australia area manager for the bank's home lending solutions department. Meanwhile, Andrew Zanchetta will become general manager of the YBR's funding and products ...

Chief economist update: Cheaper oil greases wheels of growth

BENJAMIN ONG  |  MONDAY, 12 NOV 2018
The bull market in crude oil is no more. Just a month ago and a bit, rumour on the street was that crude oil prices would soar to around US$100 a barrel and beyond. No one could be faulted for believing this. Not after Saudi Arabia and Russia's ...

Gender diversity in advice dormant

JAMIE WILLIAMSON  |  FRIDAY, 9 NOV 2018
... banks have numbers approaching one third of their total adviser force. About 27% of the advisers aligned with Commonwealth Bank are female and women make up 26% of the advisers linked with both Westpac and NAB. Women account for more than one-third of ...