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Showing 31 - 40 of 398 results for "Big 4 banks"

A new model is coming: Licensees

ELIZABETH MCARTHUR  |  THURSDAY, 15 OCT 2020
... banks out of wealth... We've got two institutions in AMP and IOOF left," he said. While Whereat acknowledged that the big banks getting out of financial advice was not necessarily a negative for the industry, he said there are advantages to being with ...

Superhero sets eyes on managed accounts

ALLY SELBY  |  WEDNESDAY, 7 OCT 2020
... Winters said, and uses an "omnibus account" structure and regulatory regime (RG133 and RG148) typically imposed upon big banks and global custodians. "It's a single structure that holds all of the assets pooled, but we're holding it through a ...

Big banks face shareholder action

ANNABELLE DICKSON  |  TUESDAY, 6 OCT 2020
Two of Australia's big four banks face shareholder resolutions as a result of increased exposure to fossil fuels. NAB and ANZ have had shareholder resolutions lodged against them by environmental finance organisation Market Forces to align with the ...

Chief economist update: China's post-pandemic economy

BENJAMIN ONG  |  WEDNESDAY, 16 SEP 2020
... so far this year - in February by 10 bps and in April by 20 bps - to 3.85% and cut its reserve requirement ratio for big banks by a total of 200 bps from 13% at the end of 2019 to 11% by May this year. While the PBOC remains on alert, recent activity ...

Super funds to face parliamentary grilling

ELIZA BAVIN  |  WEDNESDAY, 9 SEP 2020
... in the Banking, Superannuation and Financial Services Industry. The news comes after the committee called on the four big banks to discuss their response to the COVID-19 crisis. "The Economics Committee and I are keen to discuss the banks' response ...

Debt vulture crackdown welcome

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 JUL 2020
One of Australia's big banks has cracked down on "debt vultures" - businesses or individuals that claim to assist those struggling with debt but actually rake in big fees. National Australia Bank said it will no longer deal with unlicensed, fee-charging ...

New class action regulations slammed

ALLY SELBY  |  FRIDAY, 24 JUL 2020
... funding and the regulation of the industry. The regulations could stymie compensation payouts to Australians robbed by big banks, harmed by faulty products, or deceived by corporate boards, Class Actions Australia said. Similarly, during the hearing ...

Capital raisings top $27bn, dividends down $10bn

ELIZA BAVIN  |  TUESDAY, 23 JUN 2020
... data shows financials dominate dividend reductions against the other sectors, accounting for over $8 billion. Of the big banks, Westpac leads the charge reducing dividends by 3.3 billion, followed by ANZ at $2.2 billion and NAB at $1.5 billion. NAB also ...

VanEck makes case for equal weight investing

ALLY SELBY  |  THURSDAY, 18 JUN 2020
... he said, which traditionally dominate market cap indices. "This is illustrated well by the long-term underperforming big banks and big miners which dominate the S&P/ASX 200's top 20 stocks," Neiron said. "Equal weighting gives greater exposure to ...

Banks urged to step up

ELIZABETH MCARTHUR  |  FRIDAY, 22 MAY 2020
Reserve Bank of Australia governor Philip Lowe and APRA chair Wayne Byres have called on the big banks to support the Australian COVID-19 recovery, rather than their shareholders. Speaking during a FINSIA webinar, Lowe said over the past decade APRA ...