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Showing 5861 - 5870 of 17959 results for "Bank"

Aussie banks cleared of Wells Fargo-type conduct

EMMA RAPAPORT  |  WEDNESDAY, 2 AUG 2017
The corporate regulator has cleared eight Australian banks of any systemic misconduct involving illegal opening of accounts as seen at international firm Wells Fargo. The audits, undertaken by ASIC in December 2016 of the big four plus BOQ, Citibank ...

Financial services ripe for mergers and acquisitions

JAMIE WILLIAMSON  |  TUESDAY, 1 AUG 2017
The financial services industry is predicted to prove a hotspot for M&A activity over the next 12 months, particularly around demergers. Commercial law firm Minter Ellison singled out the sector as one of five industries ripe for mergers and acquisitions ...

Australian businesses lift borrowing

BENJAMIN ONG  |  TUESDAY, 1 AUG 2017
... housing loans are still growing 7.4% compared to owner-occupier loans growing just 6.1%. Though still strong, the Reserve Bank of Australia (RBA) and the Australian Prudential Regulations Authority (APRA) should welcome early signs of flattening (not ...

Former ME Bank chief joins Powerwrap

JAMIE WILLIAMSON  |  MONDAY, 31 JUL 2017
The founding chief executive of ME Bank has joined the Powerwrap board, with more director appointments expected in the coming months. Appointed as a non-executive director, Anthony Wamsteker brings 30 years' experience to the $6 billion platform. Wamsteker ...

Crestone appoints banking executive

EMMA RAPAPORT  |  MONDAY, 31 JUL 2017
A distinguished banking and financial services director will become Crestone Wealth Management group's newest independent director. Peter Hawkins will join Crestone at the end of September, bringing with him more than 40 years' experience in banking ...

Powered by low-flation

BENJAMIN ONG  |  MONDAY, 31 JUL 2017
Wall Street's on a tear with all of the equity market's benchmark indices - S&P 500; Dow Jones; Nasdaq; Russell 2000 - hitting record highs last week. The most proximate cause is, of course, the strong June quarter earnings results. According to Factset ...

DomaCom to ease issue of retirement funding

JAMIE WILLIAMSON  |  FRIDAY, 28 JUL 2017
Fractional property investment platform DomaCom has signaled a move into reverse mortgage lending, confirming it is developing a senior equity release product to be available before 2018. In its quarterly update DomaCom outlined its plans for a senior ...

In-house investment bears fruit for AustralianSuper

DARREN SNYDER  |  FRIDAY, 28 JUL 2017
AustralianSuper chief executive Ian Silk has flagged expanding the fund's internal investment team to manage more than half of its rapidly growing asset base. Australia's largest superannuation fund has previously said it is aiming to manage between ...

Grant Thornton appoints private wealth head

JAMIE WILLIAMSON  |  FRIDAY, 28 JUL 2017
Grant Thornton strengthened its private wealth advisory capabilities with the appointment of an investment manager to lead its Australian private wealth business. Former Myer Family Company client director, private wealth and family office Edward Draydon ...

Cheaper imports

BENJAMIN ONG  |  FRIDAY, 28 JUL 2017
... CPI report - which showed inflation in Australia remained below the RBA's target in the June quarter - but the Australian bank governor Philip Lowe's address to the Anika Foundation luncheon in Sydney was held on the same day the inflation report provided ...