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Showing 5431 - 5440 of 17959 results for "Bank"

Chief economist update: The dog ate my growth target

BENJAMIN ONG  |  TUESDAY, 20 FEB 2018
... record high CNY172.1 trillion in the first month of 2018. China's total social financing (TSF) - defined by the People's Bank of China (PBOC) as "a money-added concept, indicating total funds the real economy obtained from the financial system over a ...

La Trobe marches credit fund beyond $2bn

DARREN SNYDER  |  FRIDAY, 16 FEB 2018
Self-managed superannuation fund members have driven the La Trobe Financial Credit Fund to more than $2 billion in funds under management, tripling its size in three years. The fund, which sits on more than 10 platforms and 200 approved product lists ...

Australian Ethical names new COO following restructure

ALEX BURKE  |  FRIDAY, 16 FEB 2018
... that, Shanahan was chief financial officer for Macquarie's banking and financial services group, which includes the retail bank, business bank and wealth divisions. Before that, Shanahan held other senior roles at Macquarie, including head of financial ...

Pension fund and bank terminate asset manager

JAMIE WILLIAMSON  |  FRIDAY, 16 FEB 2018
A UK pension fund and its parent bank have terminated about $200 billion in respective mandates with a major global asset manager. Scottish Widows and Lloyds Banking Group's wealth businesses have given Standard Life Aberdeen notice to terminate their ...

Credit Suisse under investigation

JAMIE WILLIAMSON  |  FRIDAY, 16 FEB 2018
... Suisse said it is co-operating with authorities on the matter. The revelation came as part of the Zurich-based investment bank's 2017 full-year results which showed a net loss of more than $1 billion (CHF 983 million) for the year. The loss was largely ...

IFAs tackling bank-owned competitors head on

KARREN VERGARA  |  FRIDAY, 16 FEB 2018
Research shows independent financial advisers (IFAs) do not feel threatened by their bank-owned counterparts and are willing to take the competition head on. According to GlobalData's 2017 IFA survey, only a handful of IFAs perceive competition from ...

Commonwealth Bank recruits Suncorp executive

JAMIE WILLIAMSON  |  FRIDAY, 16 FEB 2018
Commonwealth Bank has appointed a new general manager, advice professional services from Suncorp. The bank has confirmed that Ronna Ludgate commenced in the role at the end of January, leaving her position as head of distribution, conduct and professional ...

Actuaries Institute names chief executive

KARREN VERGARA  |  FRIDAY, 16 FEB 2018
The Actuaries Institute appointed a new chief executive to further build its brand and drive the profession forward. Elayne Grace, who has been serving as acting chief executive since the start of the year, has been promoted to the top role. She replaces ...

Chief economist update: The yen's on the up and up

BENJAMIN ONG  |  FRIDAY, 16 FEB 2018
... 0.9% expansion and is the slowest growth rate in two years. Certainly, this should temper lingering speculations that the Bank of Japan (BOJ) would taper its policy stimulus measures - one that has continued to this day despite BOJ governor Haruhiko ...

SMFSA voices support for AFCA

KARREN VERGARA  |  THURSDAY, 15 FEB 2018
Expanding the remit of the newly legislated Australian Financial Complaints Authority (AFCA) to protect some rights of self-managed super members marks a "significant step" for the industry, according to the SMSF Association. Establishing AFCA consolidated ...