Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 4911 - 4920 of 17956 results for "Bank"

University students to run hedge fund

KANIKA SOOD  |  MONDAY, 17 SEP 2018
An industry-backed hedge fund has launched at the University of New South Wales, where students will run a concentrated long-short portfolio of ASX 300 stocks with ESG filters. Alternative Investment Management Association (AIMA) general manager Michael ...

Hagger to depart NAB

JAMIE WILLIAMSON  |  MONDAY, 17 SEP 2018
National Australia Bank has announced Andrew Hagger will leave the bank at the end of the month and will be replaced by Mike Baird. As part of a raft of changes to the institution's executive leadership team, Hagger - as chief customer officer of consumer ...

Australia behind when it comes to pay transparency: AXA IM

HARRISON WORLEY  |  FRIDAY, 14 SEP 2018
A global investment manager with about $1.2 trillion in assets under management believes Australia lags behind other developed countries in market disclosure of executive remuneration. AXA Investment Managers' (AXA IM) 2017/18 responsible investment ...

Chief economist update: Steady as she goes

BENJAMIN ONG  |  FRIDAY, 14 SEP 2018
Yesterday's European Central Bank's (ECB) Governing Council meeting would have been a big ho-hum were it not for some minor, albeit significant, tweaks in the bank's outlook. As expected, the ECB left interest rates unchanged - the benchmark ...

New accounting standards put pressure on life insurers

KARREN VERGARA  |  THURSDAY, 13 SEP 2018
Australian life insurers are unprepared for two new major accounting standards that will shake up the way profit is reported, a KPMG survey shows. The global survey of 160 life and health insurers, and reinsurers included Australian companies. It gauged ...

Australian Unity's wealth business grows

KANIKA SOOD  |  WEDNESDAY, 12 SEP 2018
Australian Unity's profit after income tax jumped 10% in FY18 even though its revenues dipped slightly. It generated $1.8 billion in revenues and $51.5 million in profit after income tax. Its wealth and capital markets business recorded the highest ...

AMP, CBA respond to record class action bid

JAMIE WILLIAMSON  |  WEDNESDAY, 12 SEP 2018
AMP and Commonwealth Bank have responded to Slater and Gordon's announcement of a potential class action which could see the two parties forced to repay more than $500 million that was unfairly deducted from superannuation fund accounts. Launching ...

CBA appoints board director

KANIKA SOOD  |  WEDNESDAY, 12 SEP 2018
Commonwealth Bank of Australia has appointed a former BlueScope Steel chief executive as it continues to renew its board. Paul O'Malley will be an independent non-executive director on CBA's board, starting 1 January 2019. Retiring director Brian Long ...

Chief economist update: Confidence down, conditions up

BENJAMIN ONG  |  WEDNESDAY, 12 SEP 2018
... July and 0.1% in June - suggesting that businesses are able to pass on higher costs to consumers. Still low by the Reserve Bank of Australia's (RBA) inflation expectations but it's heading there. Ben Ong is the Director of Economics and Investments ...

SMSF cash allocation dips

KARREN VERGARA  |  WEDNESDAY, 12 SEP 2018
... money was mainly invested in the Australian equities sector. LaGreca said the findings debunk the myth SMSFs put money in the bank and leave it there - it clearly shows SMSFs are active investors. "The data confirms that SMSFs are drawn to wanting control ...