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Showing 5831 - 5840 of 17959 results for "Bank"

CBA chief executive will stand down

EMMA RAPAPORT  |  MONDAY, 14 AUG 2017
Embattled Commonwealth Bank chief executive Ian Narev will retire from the bank by the end of the 2018 financial year, board chair Catherine Livingstone has announced. The decision, said to have been made by the board in conjunction with Narev, will ...

APRA puts super funds on notice

EMMA RAPAPORT  |  MONDAY, 14 AUG 2017
... campaigns, including Industry Super Australia's (ISA) 'foxes in the hen house' television and media campaign, which took on bank lobbying earlier this year. Rowell has also made it clear that APRA holds concerns about processes, frameworks, decision-making ...

Leadership changes at UBS NZ

KARREN VERGARA  |  MONDAY, 14 AUG 2017
UBS Investment Bank's head of New Zealand is stepping back from daily operations after 20 years with the company. After serving as country head for about seven years, Nicholas Ross will remain with UBS New Zealand supporting specific origination and ...

Insurers require urgent start-up collaborations

KARREN VERGARA  |  MONDAY, 14 AUG 2017
... different collaboration programs, one "significant problem" the firm encountered after undertaking a successful pilot with a bank came at deployment - lengthy procurement times that lasted up to two years. In another program Flamingo took part in, which ...

Asset managers need more tech leaders in C-suite

KARREN VERGARA  |  MONDAY, 14 AUG 2017
The asset management industry must do more to have technologists in executive positions and leverage their skills to use technology strategically, rather than see it as a cost centre or an operational function. Research from financial technology company ...

Low-flation becoming less transitory?

BENJAMIN ONG  |  MONDAY, 14 AUG 2017
... (the earliest data available) when the unemployment rate was at 4.4%. The CPI report flies in the face of Federal Reserve Bank of New York president William Dudley who lately commented that: "The story is not a complex one. One, the labour market continues ...

Macquarie and Canadian pension fund buy SA government asset

EMMA RAPAPORT  |  FRIDAY, 11 AUG 2017
... comprising 80% institutional investors (which includes First State Super and Hastings) and a 20% stake held by the Royal Bank of Scotland Group's pension fund (also managed by Hastings). About $1 billion of the proceeds are intended to be used to upgrade ...

ANZ foots compensation bill

KARREN VERGARA  |  FRIDAY, 11 AUG 2017
ANZ will compensate consumers a total of $10.5 million as a result of OnePath compliance breaches. According to ASIC, ANZ's wealth, insurance and advice arm, OnePath, failed to process superannuation contributions and manage lost inactive member balances ...

BlackRock takes majority stake in Australian solar farm

ALEX BURKE  |  FRIDAY, 11 AUG 2017
... for the project, comprising about $90 million, will be provided by the Clean Energy Finance Corporation, the Commonwealth Bank and Natixis. CEFC chief executive Ian Learmonth said the two farms "are helping drive Australia's clean energy transformation ...

Trump and Kim go ballistic

BENJAMIN ONG  |  FRIDAY, 11 AUG 2017
I'll see your "fire and fury" and raise you Guam. Yes Virginia, that's Trump and Kim going ballistic once again as they play high stakes ICBM poker. Who will be the first to blink and fold? From what we already know of each players' character and temperament ...