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Showing 4821 - 4830 of 17956 results for "Bank"

Beware the fintech Ponzi scheme

MICHELLE BALTAZAR  |  FRIDAY, 26 OCT 2018
... of operation. The three partners ran away with investors money leading to RMB20 million in losses. Two years later, a non-bank lender called Tenfei Wealth Management went bust with losses of US$400 million owed to 37,000 investors. In 2015, Chinese media ...

Diversity is the answer to war for talent

MICHELLE BALTAZAR  |  FRIDAY, 26 OCT 2018
... professions, including investment management." At Westpac, Samantha Turner, group head of inclusion & diversity, said that the bank has focused on supporting more women in senior roles and promoting inclusion, particularly for those who are from CALD ...

Asset management business models need a rethink: panel

HARRISON WORLEY  |  FRIDAY, 26 OCT 2018
From conventional methods to manage investments to the role of blockchain in the future, an industry panel session debates what business models have the power to disrupt financial services. Appearing on a panel at the SIBOS conference in Sydney this ...

Enforceable undertakings are effective: Research

KARREN VERGARA  |  FRIDAY, 26 OCT 2018
Despite receiving a bad rap for being ineffective during the financial services Royal Commission, new research finds the majority of enforceable undertakings deter future misconduct. This is according to a joint study conducted by ASIC and the University ...

Chief economist update: Super Mario keeps his cool

BENJAMIN ONG  |  FRIDAY, 26 OCT 2018
The European Central Bank's (ECB) October 25 Governing Council meeting concluded with a decision that markets widely expected. The ECB left interest rates unchanged - the benchmark refinancing rate at 0%, the marginal lending facility rate at 0.25% ...

Challenger appoints new chief executive

KANIKA SOOD  |  FRIDAY, 26 OCT 2018
Challenger's top job is seeing a change of guard as its chief executive of six years Brian Benari steps down to retire. Replacing Benari is Challenger's head of distribution, product and marketing Richard Howes. Benari will step down from the ...

The rise of challenger banks in Australia: SIBOS

MICHELLE BALTAZAR  |  THURSDAY, 25 OCT 2018
... building a new level of trust with financial institutions. "It's worth pointing out in Australia that everyone trusts their bank. They trust banks to make payment when they said they're going to make a payment. But do Australians trust banks ...

Digital advice engagement spikes for super members

KARREN VERGARA  |  THURSDAY, 25 OCT 2018
More superannuation members are using online advice technology to engage with their fund, the latest report from Decimal shows. Decimal's annual digital insights study found in the year to June 2018, the number of requests from superannuation fund members ...

Australian Unity adds new research lead

JAMIE WILLIAMSON  |  WEDNESDAY, 24 OCT 2018
... Mitchell who has held the role since 2012. Holliday first joined Australian Unity in June 2017 from Bendigo and Adelaide Bank where he was research manager. With more than 20 years' experience in financial services, Holliday has also held roles with ...

Chief economist update: The winter of Australia's discontent

BENJAMIN ONG  |  WEDNESDAY, 24 OCT 2018
... agriculture sector if Rabobank's 'Winter Crop Production Outlook' report is any guide. The specialist agribusiness bank predicts that the country's national harvest would drop by 23% in the 2018/19 crop season to a mere 29.3 million tonnes ...