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Showing 531 - 540 of 5968 results for "banks"

The transforming role of the trustee

ANDREW MCKEAN  |  FRIDAY, 29 APR 2022
... four biggest funds manage approximately $755 billion, a figure that's 10% bigger than the market capitalisation of the big banks and BHP combined. Cochrane said: "I think that it says a little about the complexity of our lives that it has become very ...

Super's defense against economic volatility

ANDREW MCKEAN  |  FRIDAY, 29 APR 2022
... what Swan called "an invaluable economic cushion in an uncertain world." Previously super funds had helped recapitalise banks and supported Australia's non-financial corporations by proving equity when banks were reluctant to provide debt. Proving ...

Macquarie responds to term deposit scam

CHLOE WALKER  |  THURSDAY, 28 APR 2022
... scams can be absolutely devastating for victims like Ms Du Preez." Macquarie also said it is in contact with the woman's banks to help recover the funds, despite not actually have a hand in the matter. "... When it comes to staying safe from scams, it's ...

Heritage Bank, People's Choice proceed with merger plans

CHLOE WALKER  |  TUESDAY, 19 APR 2022
The banks are moving forward with plans to merge following a rigorous due diligence process. The merger between Heritage Bank and People's Choice Credit Union is set to create an organisation with about 720,000 members and $22.5 billion in total assets. ...

3000 advisers left industry last year

ELIZABETH MCARTHUR  |  WEDNESDAY, 13 APR 2022
... introduction of ASIC Financial Adviser Register has now completely evaporated. Independence continues as a trend, with the big banks now out of wealth. Almost two-thirds of financial advisers, 62%, are now non-aligned. This leaves 38% who are associated ...

APRA 'digging into' super fund contributions to unions

ANDREW MCKEAN  |  WEDNESDAY, 13 APR 2022
... payments to unions. Bragg has claimed that superannuation which should be for workers has turned into a sinkhole for unions and banks. In a March press release he said: "It is hard to think of another policy which allows political and private interests ...

ASIC takes Federal Court action against Macquarie Bank

ANDREW MCKEAN  |  TUESDAY, 5 APR 2022
... transactions, many of which were over $10,000 each." While Court described Hopkins' conduct as an example of what can go wrong when banks don't properly monitor, detect and prevent unauthorised transactions, she asserted the case wasn't focused on Hopkins' ...

Deerpath Capital opens local office

ELIZABETH FRY  |  MONDAY, 4 APR 2022
... many years, demand for is differentiated private credit solutions continue to accelerate. "The global trend of commercial banks retreating from traditional lending segments, combined with recent regulatory changes associated with 'Your Future Your ...

WealthO2 rolls out rebrand

JAMIE WILLIAMSON  |  MONDAY, 4 APR 2022
... through to the platform, the business said. "In recent years, we have seen the whole adviser experience change. The exit of banks from the platform space has left a hole in the industry. Legacy providers have been replaced by product style platforms ...

Westpac now an open book on pay

JAMIE WILLIAMSON  |  THURSDAY, 31 MAR 2022
... CBA results in reduced compensation for women of about $500 million per year. "This announcement demonstrates that these banks can take these decisions if they so choose. If Westpac can do it, so can Commonwealth Bank of Australia," FSU national secretary ...