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Showing 4991 - 5000 of 17956 results for "Bank"

First on the block: CBA to develop blockchain bond

HARRISON WORLEY  |  FRIDAY, 10 AUG 2018
Australia's biggest bank is set to deliver the world's first blockchain bond, in partnership with the World Bank. Commonwealth Bank (CBA) will deliver the first bond in the world to be created, allocated, transferred and managed using blockchain technology. ...

Funds SA appoints chair, director

KANIKA SOOD  |  FRIDAY, 10 AUG 2018
... investment manager at LOGOS property. He has also worked with Colonial First State Global Asset Management (CFSGAM), Deutsche Bank, ABN Amro and Lend Lease. In 2017, Funds SA generated $8.1 million in revenues from fees, charges and interests. Its expenses ...

Chief economist update: Betting on down rather than up?

BENJAMIN ONG  |  FRIDAY, 10 AUG 2018
"...the next move in the OCR could be up or down". This was a fair enough hedged bet from the Reserve Bank of New Zealand (RBNZ) - more like the oft-repeated statements from other central banks saying "the risks are evenly balanced" - but Governor Adrian ...

We have won the battle, not the war: AustralianSuper CEO

HARRISON WORLEY  |  THURSDAY, 9 AUG 2018
AustralianSuper chief executive Ian Silk told the Royal Commission the industry super Fox in the Henhouse campaign helped win the battle, but the war continues over default superannuation arrangements. The chief executive of Australia's largest ...

AMP profits nosedive, new board director announced

KANIKA SOOD  |  WEDNESDAY, 8 AUG 2018
... earnings - a fall of 98% over the previous corresponding period. AMP Capital grew operating earnings by 2.2% to $94 million. AMP Bank saw a 20% growth, with operating earnings of $ 78 million. At the same time, AMP announced former Treasury Secretary ...

Fees for no service remediation passes $250 million

DARREN SNYDER  |  WEDNESDAY, 8 AUG 2018
Financial institutions outside the big four banks and AMP have been integrated into ASIC's fees for no service remediation programs, with total provisions likely to exceed $850 million. Updating the financial services industry and consumers on its oversight ...

CBA readies wealth demerger, records $9.2bn cash profit

DARREN SNYDER  |  WEDNESDAY, 8 AUG 2018
... previous year, hindered by items such as the $700 million AUSTRAC penalty, the removal of ATM withdrawal fees and the major bank levy. CBA chief executive Matt Comyn acknowledged a challenging year and said the decision to demerge wealth management ...

Plan service fees did not constitute fee for no service: NAB

HARRISON WORLEY  |  TUESDAY, 7 AUG 2018
... actions constituted charging a fee for a service that was not provided, Carter said he was doing his best to explain why the bank sought the amendment. Interjecting during Carter's answer, Commissioner Kenneth Hayne asked Carter if he accepted NAB charged ...

ASIC staff to investigate institutions from the inside

JAMIE WILLIAMSON  |  TUESDAY, 7 AUG 2018
... key measures, including $8 million for a new supervisory program in which ASIC staff will be embedded within Commonwealth Bank, ANZ, NAB, Westpac and AMP to monitor governance and compliance. Additionally, a taskforce dedicated to conducting a broad ...

MetLife revamps relationship management and underwriting teams

KARREN VERGARA  |  TUESDAY, 7 AUG 2018
... administration. Holt was previously head of sales development at MetLife and held senior roles with MLC, BT and Deutsche Bank. The underwriting team also saw changes to senior line up, with Simon Dent appointed as national retail underwriting manager ...