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Showing 4851 - 4860 of 17956 results for "Bank"

Superannuation ripe for blockchain

HARRISON WORLEY  |  MONDAY, 15 OCT 2018
Australia's $2.7 trillion superannuation system has a lot to gain from adopting distributed ledger technologies (DLT), but the industry will want more clarity around blockchain applications before it jumps in. Bravura Solutions global head of wealth ...

ANZ chief says remediation is "distracting"

KARREN VERGARA  |  FRIDAY, 12 OCT 2018
ANZ chief executive Shayne Elliott has admitted to a parliamentary inquiry that the bank saw its remediation programs as a "distraction" and at one point took up to 15 years to compensate some customers. This morning, Elliott told the House of Representatives ...

CBA releases remediation scorecard

KANIKA SOOD  |  THURSDAY, 11 OCT 2018
An independent review of CBA's remediation action plan says the bank has satisfactorily hit just one of its 153 milestones as at August end, but is showing evidence of commitment. CBA was required to put together a remediation action plan after APRA ...

Banks vow to end grandfathered commissions

KANIKA SOOD  |  WEDNESDAY, 10 OCT 2018
... Commissioner Hayne released the Royal Commission's interim report. In a media conference that afternoon, Bligh called it the "bank's day of shame." Fees for no service ASIC numbers shows advice customers will receive more than $1 billion in refunds for ...

WAM pushes for HHY closure

KARREN VERGARA  |  TUESDAY, 9 OCT 2018
... controversy around Aurora's former chief financial officer's involvement in the missing $1 million withdrawn from the bank account of a listed Aurora vehicle. It also pointed out that Aurora's indirect owner Nicholas Bolton, has been disqualified ...

CBA to refund dead customers, grandfathered commissions

JAMIE WILLIAMSON  |  TUESDAY, 9 OCT 2018
Commonwealth Bank will refund unauthorised advice fees charged to dead customers and rebate all grandfathered commissions charged to clients of Commonwealth Financial Planning. Taking further action to improve its wealth management business, CBA has ...

Schroders, Lloyds mull wealth venture

KARREN VERGARA  |  TUESDAY, 9 OCT 2018
Global investment manager Schroders is in talks with Lloyds Banking Group Plc to take on the wealth management sector in the UK. A Schroders spokesperson confirmed that Schroders "is in discussions with Lloyds Banking Group plc with a view to working ...

Analysts await next Magellan move

KANIKA SOOD  |  TUESDAY, 9 OCT 2018
Ratings houses have taken a broadly positive view on Hamish Douglass' decision to step down as chief executive of Magellan. On October 4 Douglass essentially swapped roles with the firm's chair Brett Cairns with Cairns appointed chief executive. ...

Former Perpetual staffer joins Nanuk

HARRISON WORLEY  |  TUESDAY, 9 OCT 2018
... approach. Nanuk chief executive Eric Siegloff said Henderson's experience - which includes a nine year stint with Norges Bank Investment Management in London - would add depth to the firm's investment team. "Jane's extensive global investment experience ...

Chief economist update: Is China starting to slow down?

BENJAMIN ONG  |  TUESDAY, 9 OCT 2018
... occasions of extreme volatility in the Chinese equity market. But the fact that this happened a day after the People's Bank of China (PBOC) boosted liquidity in the domestic economy - in the form of a 100 basis point reduction in the reserve requirement ...