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Showing 5301 - 5310 of 14214 results for "Interest"

ASIC not to blame for trust deficit: Shipton

JAMIE WILLIAMSON  |  TUESDAY, 26 JUN 2018
ASIC chair James Shipton rejects suggestions that historic inaction by the regulator contributed to the significant trust deficit present in Australia's financial services industry. Appearing before the House of Representatives Standing Committee on ...

Bank customer trust plummets: Research

KARREN VERGARA  |  TUESDAY, 26 JUN 2018
... continued negative publicity represents a major challenge for banks, he said. Morris said it's important to keep in mind that interest rates, fees and charges, customer experience, reliability, security and product offering have also impacted satisfaction ...

NAB names wealth advocate

KARREN VERGARA  |  TUESDAY, 26 JUN 2018
NAB appointed a wealth customer advocate tasked with lifting the standards of the banking group's financial advice complaints process. Clare Petre is the new independent customer advocate for customers, overseeing products, services and advice. She ...

Chief economist update: Rate hike hawks in RBA dove's shadow

BENJAMIN ONG  |  TUESDAY, 26 JUN 2018
... December 2017 quarter. Recent history also provides lessons for the impatient. The Reserve Bank of New Zealand (RBNZ) lifted interest rates four times from 2.5% in March 2014 to 3.5% by August of the same the same year. No one can fault the RBNZ, annual ...

CBA to demerge CFS, mulls further CommInsure sell-off

JAMIE WILLIAMSON  |  MONDAY, 25 JUN 2018
Commonwealth Bank is demerging its wealth management business and undertaking a strategic review of its general insurance arm. Standing as a separately listed wealth management business, CFS Group will comprise Colonial First State, Colonial First State ...

ASIC admits AMP inaction

JAMIE WILLIAMSON  |  FRIDAY, 22 JUN 2018
ASIC has acknowledged it was aware prior to the Royal Commission that AMP was allegedly attempting to mislead the regulator. Appearing before the House of Representatives Standing Committee on Economics in Canberra today, senior leaders at ASIC admitted ...

Chief economist update: Three ayes for a rate hike

BENJAMIN ONG  |  FRIDAY, 22 JUN 2018
... expected." But therein lies the rub - in the "weaker sterling exchange rate". Mere speculations that the BOE would hike interest rates when it meets next has already strengthened sterling exchange rate to US$1.3255/£1 from US$1.3240/£1 the day before... ...

Aussie HNWI population grows: Capgemini

HARRISON WORLEY  |  THURSDAY, 21 JUN 2018
... hybrid-advice, and HNWIs curiosity in wealth management services offered by BigTechs - with more than 50% of HNWIs expressing interest. According to the report, the impact of HNWI interest in BigTech could translate to potential asset flows of US$12 ...

Chief economist update: RBA not cruising for a bruising

BENJAMIN ONG  |  THURSDAY, 21 JUN 2018
... " A prelude to an RBA rate cut ", published on 6 June 2018? There I observed that similar long stretches of unchanged interest rates - November 2010-October 2011; August 2013-January 2015; May 2015-April 2016 - were each followed by rate cuts despite ...

Multi-disciplinary industry trend continues: CBA

JAMIE WILLIAMSON  |  WEDNESDAY, 20 JUN 2018
About half of all accounting firms are considering a move into financial planning. According to Commonwealth Bank, 43% of Australia's accounting firms are planning to add or grow their wealth management and financial planning capabilities in the ...