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Showing 5521 - 5530 of 17959 results for "Bank"

Banks can take lead on financial inclusion

DARREN SNYDER  |  TUESDAY, 16 JAN 2018
Innovative non-bank institutions will fill the financial inclusion gap in Asia Pacific if traditional banks do not secure an estimated $110 billion in untapped revenue. This is a key point from the latest EY report on financial inclusion - a term which ...

Citigroup takes action on pay inequality

JAMIE WILLIAMSON  |  TUESDAY, 16 JAN 2018
Citigroup will be the first US bank to begin disclosing wage data and adjusting employee salaries as part of a company-wide strategy to close the pay gap for women and minorities. The organisation confirmed it is taking steps to disclose gender and ...

Fintechs gear up for open banking

JAMIE WILLIAMSON  |  TUESDAY, 16 JAN 2018
... an open banking regime. Formerly Dun & Bradstreet, analytics firm illion has acquired Proviso, a specialist in automated bank statement retrieval, analysis and categorisation solutions. Proviso was founded in 2013 by Luke and Dallin Howes and counts ...

Chief economist update: ECB sees low rates for longer

BENJAMIN ONG  |  TUESDAY, 16 JAN 2018
... bond yields, after the release of the minutes of the ECB's December meeting prompted speculations that the European Central Bank would start tapering its policy stimulus sooner-than-expected. Weidmann couldn't be anymore clearer: "The governing council ...

School holidays require prudent financial planning: Survey

KARREN VERGARA  |  MONDAY, 15 JAN 2018
... summer school holidays, leaving many without a budget financially stressed, a new survey shows. Research from the Commonwealth Bank found children tend to ask parents for money eight times more compared to regular school periods, leading to 50% of respondents ...

Principal and CIMB strengthen asset management ties

DARREN SNYDER  |  MONDAY, 15 JAN 2018
... the additional ownership stake. CIMB Group chief executive Tengku Dato' Sri Zafrul Aziz said: "As a leading ASEAN universal bank, asset management continues to be an integral part of our regional banking business. This shareholding realignment will ensure ...

Siri and Alexa: The future of banking?

JAMIE WILLIAMSON  |  MONDAY, 15 JAN 2018
... the capability to provide consumers with the ability to perform more personalised tasks, like being able to tell you your bank account balances or transaction history and even paying bills or transferring funds at your voice command," Davey said. He ...

The darling buds of inflation

BENJAMIN ONG  |  MONDAY, 15 JAN 2018
... core PCE price index - the Fed's favoured inflation measure - remains below (1.5% in the year to November) the US central bank's 2.0% inflation target. This is underscored by Minneapolis Federal Reserve Bank president Neel Kashkari's tweet, "I, for one ...

Adviser banned over theft from deceased estate

JAMIE WILLIAMSON  |  FRIDAY, 12 JAN 2018
... him to not be of good fame or character. An investigation by ASIC found that Smith transferred a total of $278,042.58 to bank accounts held in his name from the bank account of a deceased estate for which he was the trustee and executor. The transfers ...

CBA creates new lead research role

JAMIE WILLIAMSON  |  FRIDAY, 12 JAN 2018
Commonwealth Bank began 2018 with the creation of a new senior role, welcoming its first managing director, head of global markets research. Former chief economist for Colonial First State Global Asset Management, Stephen Halmarick, joined CBA in the ...