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Showing 31 - 40 of 608 results for "Big Four"

Australian equities to outperform in 2023: VanEck

CASSANDRA BALDINI  |  FRIDAY, 13 JAN 2023
... and were up 1.89% for the year, midcaps fell 6.3% and small caps were down 18.3%. VanEck further revealed Australia's big four banks were some of the best-performing stocks after reporting net interest margin (NIM) expansion. On the other hand, companies ...

NAB to wind up custody business

JAMIE WILLIAMSON  |  FRIDAY, 18 NOV 2022
The big four bank has confirmed it will close NAB Asset Servicing, following years of mandate losses. The move comes as part of the bank's ongoing strategic review, having tried to offload the business for several years now. It will be wound up ...

ANZ to pay $42m in insurance lawsuit

CASSANDRA BALDINI  |  MONDAY, 14 NOV 2022
... associate Alex Blennerhassett said. "Class actions are one way people can take on big corporations, including Australia's Big Four banks." Slater and Gordon previously filed a separate class action against ANZ, OnePath Custodians and OnePath Life ...

Separation of ANZ P&I business completes

JAMIE WILLIAMSON  |  MONDAY, 24 OCT 2022
... investments business, in a first of its kind move. This is the first time a superannuation business has been separated from a big four bank, with the purchase having been completed more than two and a half years ago. The transaction was first announced ...

Link Group hires technology, marketing leads in super arm

ANDREW MCKEAN  |  FRIDAY, 26 AUG 2022
... Naidoo has more than 20 years' experience as a technology management executive, previously he's worked for two of the big four consulting firms and with super funds UniSuper and Aware Super. Richardson comes to Link Group with 19 years' experience in ...

Banks flag imminent consecutive double rate rises

ANDREW MCKEAN  |  WEDNESDAY, 8 JUN 2022
... Westpac pushed the hike through, raising its variable home late rate by the full 50 basis points. To date, it's the only big four bank to react to the move. RateCity research director Sally Tindall said: "This month's double hike is unfortunately just ...

RBA weighs controversial pre-election rate rise

ANDREW MCKEAN  |  MONDAY, 2 MAY 2022
... while half don't expect the RBA to jack up rates until June. Unlike the surveyed economists, interestingly three of the big four banks have said they expect a rate rise on Tuesday.

ASIC sues ANZ in final civil RC case

JAMIE WILLIAMSON  |  THURSDAY, 9 DEC 2021
The big four bank is being sued by the regulator for failing to provide some of the benefits promised to customers who hold offset transaction accounts or 'Breakfree' packages in conduct dating back more than two decades. In what is the last ...

Aussie dividends recover losses

ANNABELLE DICKSON  |  MONDAY, 15 NOV 2021
... to be the world's biggest dividend payer with $25.4 billion in payouts from both its Australian and UK businesses. The big four banks are also on their way back to pre-pandemic levels as Commonwealth Bank hiked its dividends to within one eighth of its ...

Metrics Credit Partners acquires

ELIZABETH MCARTHUR  |  FRIDAY, 12 NOV 2021
... became the first Australian non-bank asset manager to join the Climate Bonds Partnership Programme. Metrics joins the big four banks, the Green Buildings Council of Australia, and the Clean Energy Finance Corporation in the Climate Bonds Initiative's ...