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Showing 511 - 520 of 3057 results for "ANZ - 23 %"

ANZ hid reasons for executive pay cuts

KANIKA SOOD  |  THURSDAY, 29 NOV 2018
ANZ chief executive Shayne Elliott admitted the bank did not disclose to its shareholders or staff that three of its senior executives had their variable pay held back in FY18 on account of compliance issues. Elliot's own variable remuneration was ...

ANZ lambasted for breach reporting delays

KARREN VERGARA  |  WEDNESDAY, 28 NOV 2018
ANZ is the slowest and an "outlier" among the major banks to report significant breaches, the Royal Commission heard this morning. ANZ chief executive Shayne Elliott couldn't justify why the bank took 213 days to report significant breaches (despite ...

Vertical integration not to blame

HARRISON WORLEY  |  MONDAY, 26 NOV 2018
Australia's largest financial services institutions all agree - the use of vertically integrated business models in the wealth management arms of banks was not the reason for the industry misconduct exposed in the Royal Commission. In their responses ...

Royal Commission: ASIC rethinks negotiation tactics

KARREN VERGARA  |  FRIDAY, 23 NOV 2018
ASIC chair James Shipton has admitted the corporate regulator was too reliant on negotiating resolutions with financial services firms and flagged litigation could take precedence, the Royal Commission heard. Shipton told counsel assisting Rowena Orr ...

Aussie companies drop dividends

KANIKA SOOD  |  MONDAY, 19 NOV 2018
Australian companies paid about $820 million less in dividends in the third quarter than the corresponding period from 2017 as dividend growth at local banks flat lined. ASX-listed companies paid out US$24.5 billion ($33.5bn) to shareholders in quarter ...

Code of ethics still the main game: FPA

DARREN SNYDER  |  MONDAY, 19 NOV 2018
Financial Planning Association of Australia head of policy and standards Ben Marshan said the FASEA-led Code of Ethics remains the biggest game changer to the advice industry. Speaking at the Challenger Financial Standard Technical Services Forum on ...

ANZ launches underwriting engine to market

KARREN VERGARA  |  THURSDAY, 8 NOV 2018
ANZ's life insurance arm has released its predictive underwriting technology following a successful soft launch. The big data-powered underwriting engine will allow customers applying for OneCare insurance to complete personal statements 30% faster. ...

Macquarie to front Royal Commission

JAMIE WILLIAMSON  |  MONDAY, 5 NOV 2018
Macquarie Group will front the financial services Royal Commission for the first time when the inquiry reconvenes for its final round of public hearings. Commissioner Kenneth Hayne released the list of entities called to give evidence in the seventh ...

FSC appoints UBS, Mercer heads

KANIKA SOOD  |  WEDNESDAY, 31 OCT 2018
The Financial Services Council has appointed Mercer and UBS Asset Management's Australian heads to its board to fill two director vacancies. Mercer Australia managing director Ben Walsh and UBS Asset Management Australia chief executive Bryce Doherty ...

ANZ wealth flows decline

KARREN VERGARA  |  WEDNESDAY, 31 OCT 2018
ANZ's divested pension and investment businesses continued to record net outflows as it passed the baton to IOOF, the bank's full-year results show. In its financial results for the year ending 30 September 2018, released this morning, ANZ reported ...