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Showing 4881 - 4890 of 17956 results for "Bank"

Banking remuneration practices to blame for misconduct

MICHELLE BALTAZAR  |  FRIDAY, 28 SEP 2018
... likelihood of misconduct. "Given the terms of reference for, and the resulting report of, the Prudential Inquiry into Commonwealth Bank, it would be surprising and cause for concern, if APRA's approach to prudential governance of remuneration remained ...

Hayne admonishes ASIC

KARREN VERGARA  |  FRIDAY, 28 SEP 2018
Commissioner Kenneth Hayne criticised ASIC's negotiation strategies and tardiness in remediating misconduct that can take years to resolve and for its inability to prevent future breaches. In his interim report Hayne disapproved of ASIC's preferred ...

Labor proposes RC implementation task force

KANIKA SOOD  |  FRIDAY, 28 SEP 2018
If Labor comes to power, it will set up a dedicated task force to implement the Royal Commission's final recommendations due next year. Responding to the interim report, acting opposition leader Tanya Plibersek told a media conference in Sydney ...

Macquarie chiefs embroiled in German investigation

HARRISON WORLEY  |  FRIDAY, 28 SEP 2018
... outgoing chief Nicholas Moore and successor Shemara Wikramanayake, are embroiled in a German investigation that alleges the bank was involved in a share-trading scheme. In a statement released to the ASX on Friday morning, Macquarie Group confirmed German ...

RBNZ on ice into 2020

BENJAMIN ONG  |  FRIDAY, 28 SEP 2018
... 25 bps lift next year and one in 2020 that will take the fed funds rate up to 3.4% by then. On the other hand, the Reserve Bank of New Zealand (RBNZ) kept the official cash rate unchanged at 1.75% -- where it had been since November 2016. Not only that ...

Fintech hub snaps up Afterpay co-founder

KANIKA SOOD  |  THURSDAY, 27 SEP 2018
Afterpay co-founder Anthony Eisen will now sit on the board of a fintech innovation board after a raft of board changes were announced yesterday. Stone & Chalk has revamped its board, appointing seven new directors as it moves from a "start-up" to a ...

AMP ditches SMSF lending

KANIKA SOOD  |  WEDNESDAY, 26 SEP 2018
AMP Bank has pulled the plug on its SMSF lending business, joining CBA and Westpac. AMP will support current SMSF home loan customers. But starting November, they will not be able to switch to interest-only or refinance their loans. This leaves Macquarie ...

SMSFs seek offshore diversification

JAMIE WILLIAMSON  |  WEDNESDAY, 26 SEP 2018
... property loan amount sitting at $262,000. The most commonly held investments by SMSFs as at June 2018 were Westpac; Commonwealth Bank; Magellan Global Fund; BHP Billiton; ANZ; NAB; Platinum International Fund; CLS; Wesfarmers; and Telstra. SuperConcepts ...

ASIC slams unacceptable reporting breaches

KARREN VERGARA  |  WEDNESDAY, 26 SEP 2018
... was launched to a breach report being lodged with ASIC, this took an average of 150 days. The corporate watchdog also put Bank of Queensland, Bendigo Bank, Credit Union Australia, Greater Bank, Heritage Bank, Macquarie and Suncorp under the microscope. ...

Make sure you have cash: Geoff Wilson

KANIKA SOOD  |  WEDNESDAY, 26 SEP 2018
... in case of an event and WAM Leaders can liquidate all of its portfolio holdings in 90 days. Banking stocks "fairly benign" Bank stocks look "fairly benign" even though regulatory costs are going up, a WAM portfolio manager said. The manager said from ...