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Showing 5021 - 5030 of 17956 results for "Bank"

Industry bodies respond to RG97 review

KARREN VERGARA  |  THURSDAY, 26 JUL 2018
... rigour to decision-making on fee and cost disclosure." Industry Super Australia public affairs director Matt Linden said the bank platform exemption from consolidated investment costs disclosure remains an issue. ISA is calling on ASIC to adopt the recommendation ...

Airlie backs financials but wary on banks

DARREN SNYDER  |  THURSDAY, 26 JUL 2018
... Portfolio managers Matt Williams and Emma Goodsell told a Sydney event that of the big four banks they only hold Commonwealth Bank. Williams said Australia's banking sector faces numerous headwinds and poor sentiment, especially around the Royal ...

AFCA funding lacks transparency: AIST

KARREN VERGARA  |  THURSDAY, 26 JUL 2018
The Australian Institute of Superannuation Trustees slammed the lack of transparency around how the Australian Financial Complaints Authority will operate and be funded. The Federal Government recently released its AFCA funding model overview, which ...

Banks take 1500 days to identify breaches: ASIC

KANIKA SOOD  |  THURSDAY, 26 JUL 2018
Big banking groups are taking an average of 1500 days to internally identify breaches in conduct, ASIC chair James Shipton said in his address at the FSC Summit in Melbourne today. And this is only the first step in the reporting the breach to ASIC ...

Chief economist update: Inflation genie still inside the box

BENJAMIN ONG  |  THURSDAY, 26 JUL 2018
... slowed to 1.9% in the second quarter from 2.1% in the March quarter. Both measures are below the lower range of the Reserve Bank of Australia's (RBA) 2%-3% target band. Inflation would find it hard to pick up until wages growth picks-up. Recall former ...

Nicholas Moore to retire from Macquarie Group

HARRISON WORLEY  |  THURSDAY, 26 JUL 2018
... Wikramanayake. The giant also confirmed Wikramanayake will be appointed to the board of both Macquarie Group and Macquarie Bank. Macquarie Group chairman Peter Warne said transitioning away from Moore's leadership would be made easier with the appointment ...

Fund manager boosts leadership

HARRISON WORLEY  |  WEDNESDAY, 25 JUL 2018
... Platinum Mortgage Securities as head of investor relations, incoming Underdown spent several years in London, working for Bank of America Merrill Lynch and Legal & General Investment Management, after earlier working as a budget analyst for the Australian ...

Chief economist update: Laissez faire

BENJAMIN ONG  |  WEDNESDAY, 25 JUL 2018
Forget John Maynard Keynes. Forget David Ricardo. A new economic sheriff is in town and his name is Donald J. Trump. POTUS has gone against Keynes' counter-cyclical prescription by increasing fiscal spending - tax cuts and increased expenditure ...

AustralianSuper bolsters executive lineup

JAMIE WILLIAMSON  |  TUESDAY, 24 JUL 2018
... recently head of emerging technology labs at ANZ and served as global head of technology for ANZ's corporate and commercial bank between 2014 and 2016. She has also held roles with Deloitte, Microsoft and Accenture. AustralianSuper said the new role ...

Advisers on scam alert

KANIKA SOOD  |  TUESDAY, 24 JUL 2018
... is. Crowe says he has seen clients who have been netted by scammers in the past. "We simplified it by getting rid of that bank account - from which the scammers were drawing money -and reviewing all their accounts," he said. Finder money expert Bessi ...