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Showing 4791 - 4800 of 17956 results for "Bank"

DomaCom, DFS establish $4.1m sub-fund

HARRISON WORLEY  |  THURSDAY, 8 NOV 2018
... was mostly accessed by sophisticated investors but as a model manager, DFSPS has unlocked the retail potential of the non-bank sector by making this sub-fund available to clients and advisers who utilise its portfolio services," Naoumidis said. According ...

Chief economist update: As safe as Australian houses?

BENJAMIN ONG  |  THURSDAY, 8 NOV 2018
... So far so good. The correction in the housing market remains orderly but it also raises doubt with regards to the Reserve Bank of Australia's (RBA) statement that the next move in interest rates will likely be up. Although that's still within ...

Yarra targets wholesale market

DARREN SNYDER  |  WEDNESDAY, 7 NOV 2018
... positions the firm to take advantage of market mispricing across multi sectors, including unlisted debt, where declining bank participation continues to increase opportunities for institutional investors," he said. Strano ran a similar portfolio at VFMC. ...

Westpac admits it didn't take FoFA seriously

KANIKA SOOD  |  WEDNESDAY, 7 NOV 2018
... did not embed strong enough controls and record-keeping to police fee-for-no-service advice. The admission was made in the bank's annual sustainability report released today, stating: "We are now going back through all of these files to ensure that our ...

Chief economist update: Oil slick

BENJAMIN ONG  |  WEDNESDAY, 7 NOV 2018
The last time we talked about oil, prices were surging and reaching for the skies. Crude oil price started to take off roundabout April this year after OPEC announced that its production cuts - starting on the 1 January 2017 and supposed to last for ...

Link, CBA ink $1.6bn PEXA deal

JAMIE WILLIAMSON  |  TUESDAY, 6 NOV 2018
A consortium comprising Link Group and Australia's biggest bank will acquire Property Exchange Australia (PEXA) for $1.6 billion. Last month Link Group, Commonwealth Bank of Australia and Morgan Stanley Infrastructure Partners made an offer to acquire ...

Banks must reshape to survive compliance and technology crunches

DARREN SNYDER  |  TUESDAY, 6 NOV 2018
... continued spending in technology or face being left behind when it comes to innovation. In their post FY18 analysis of Australian bank results, KPMG and EY point to several compliance and technology headwinds facing the sector and suggest cost discipline ...

Chief economist update: The Middle Kingdom's middling growth

BENJAMIN ONG  |  TUESDAY, 6 NOV 2018
It's the first Tuesday of November - the time when the "Melbourne Cup" runs and the Reserve Bank of Australia (RBA) meets only a few hours apart. All bets are on! There are so many odds on the various horses running in the Cup but there's only ...

Macquarie to front Royal Commission

JAMIE WILLIAMSON  |  MONDAY, 5 NOV 2018
... organisations called upon by Commissioner Hayne for the final round are as below: AMP ANZ APRA ASIC Bendigo and Adelaide Bank Commonwealth Bank of Australia Macquarie Group NAB Westpac The seventh round of public hearings will be held in Sydney at the ...

Royal Commission hits Westpac cash earnings

JAMIE WILLIAMSON  |  MONDAY, 5 NOV 2018
... increase of $163 million year-on-year. Much of this was as a result of issues within BT Financial Group ($141 million) and the bank's consumer division ($110 million), the full year results show. With the Royal Commission yet to wrap up, Westpac chief ...