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Showing 5231 - 5240 of 17956 results for "Bank"

InvestSMART to launch active ETF

ALEX BURKE  |  MONDAY, 7 MAY 2018
... towards undervalued companies, which is why the portfolio is underweight Australian banks. InvestSMART believes the majority of bank stocks are overvalued "and in the current environment, risks in the sector are also on the increase." The fund will have ...

Chief economist update: Crying for Argentina

BENJAMIN ONG  |  MONDAY, 7 MAY 2018
The Argentinian central bank lifted interest rates, a move intended to stem the sharp and rapid depreciation of the Argentine peso and by extension put downward pressure on inflation. Whoa! Fret not whether the Fed is going to raise interest rates by ...

David Murray becomes AMP chair

ALEX BURKE  |  FRIDAY, 4 MAY 2018
AMP has named Financial System Inquiry overseer and former CBA chief executive David Murray as its new chair. He will take on the role after AMP's annual general meeting in July, at which point executive chair Mike Wilkins will return to the position ...

Trustee firm lists $2bn in RMBS debt securities

KANIKA SOOD  |  FRIDAY, 4 MAY 2018
... was once dominated by the major banks, has a healthy range of active issuers with 85% of investors having invested with non-bank issuers in the past 12 months," it said. The new debt issues will be offered under the National RMBS Trust. Perpetual has ...

Macquarie platform, wrap businesses soar

KARREN VERGARA  |  FRIDAY, 4 MAY 2018
... Macquarie Wrap and Vision held $82.5 billion in funds under management, jumping 14% from the previous corresponding period. The bank's expanded Macquarie Wrap managed accounts business on the other hand doubled its FUM to $1.1 billion. Macquarie categorises ...

CBA finds no evidence of customer data breach

ALEX BURKE  |  THURSDAY, 3 MAY 2018
Following an investigation by KPMG, the Commonwealth Bank said no evidence was found that customer information was compromised when two magnetic tapes went missing in 2016. The tapes in question contained customer names, addresses, account numbers and ...

NAB to divest MLC

ALEX BURKE  |  THURSDAY, 3 MAY 2018
... majority of its wealth management operations, including divestment of Australia's largest retail MySuper product. While the bank will continue to service high-net-worth clients via JBWere, it is shedding the rest of its wealth operations so as to become ...

Chief economist update: Fed's on target, BOJ takes out target

BENJAMIN ONG  |  THURSDAY, 3 MAY 2018
... that the Fed forward guided you, I and Irene at the start of 2018 remains on track. 'twas the same but different for the Bank of Japan (BOJ). Just like the Fed, the BOJ kept its monetary policy settings unchanged when the Policy Board met last on April ...

NAB to sell MLC

HARRISON WORLEY  |  THURSDAY, 3 MAY 2018
... MLC Advice, Platform and Superannuation and Asset Management businesses, as part of its plan to focus on core banking. The bank announced the decision as part of a strategy overview during its half-year results declaration. NAB said the decision was ...

IOOF flags ANZ Wealth results ahead of acquisition

ALEX BURKE  |  WEDNESDAY, 2 MAY 2018
IOOF alerted shareholders to the updated performance figures for the businesses it is planning to acquire from ANZ. The bank's 1H18 results reveal that cash profits in the wealth division slid by 24% to $44 million. ANZ said this was because of a non-recurring ...