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Showing 41 - 50 of 398 results for "Big 4 banks"

Dividends could take years to return: UBS

ELIZA BAVIN  |  TUESDAY, 28 APR 2020
... than in the GFC & the largest decline since our data starts from 1999," Stoltz said. NAB was the first of Australia's big banks to slash its dividend in its half year results, as well as announcing a $3.5 billion capital raise.

AIOFP launches fresh campaign, criticises FPA

ELIZABETH MCARTHUR  |  TUESDAY, 21 APR 2020
... commissions, the industry body has accused the Financial Planning Association of Australia of taking money from the big banks in return for support. Writing to members, Association of Independently Owned Financial Professionals director Peter Johnston ...

Big banks cop a beating

ELIZA BAVIN  |  WEDNESDAY, 8 APR 2020
The big four banks have all suffered a rating downgrade due to the COVID-19 fallout, while APRA warns they should cut dividends and bonuses. Fitch Ratings downgraded all four of the major banks, and their New Zealand subsidiaries, due to its expectation ...

Why remediation jobs aren't short-term

ELIZABETH MCARTHUR  |  TUESDAY, 24 MAR 2020
... Magnitude and Securitor. In its 2019 results, AMP estimated its remediation costs would hit $778 million. Many of the big banks have boosted their remediation teams significantly in the last year, with ANZ's growing by 50% and the NAB team ballooning ...

Macquarie shares halve in COVID-19 sell-off

ALLY SELBY  |  FRIDAY, 20 MAR 2020
... problems hurled up by COVID-19." Conway also believes the future doesn't look too bright for the banks. "As for the big banks, I see tougher times ahead," he said. "Bank profits will continue to come under pressure as funding gets more expensive ...

Moelis Australia names co-chiefs, acquires lender

KANIKA SOOD  |  WEDNESDAY, 26 FEB 2020
... founded in 2004 and has a loan book of about $120 million. It lends to residential mortgage borrowers, who don't meet the big banks' lending criteria, due to things such as an impaired credit history or self-employment. The loans are between $50,000 ...

Where to from here?

JAMIE WILLIAMSON  |  WEDNESDAY, 5 FEB 2020
... 12 months since the financial services sector was hit with Commissioner Kenneth Hayne's final report. And while the big banks appeared to be early casualties, it's hard to refute that the financial advice industry has suffered most. According to Rainmaker ...

FPA offers pro bono support to bushfire victims

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 JAN 2020
... or community members are affected, Tribeca will provide financial advice services at no charge." This comes after the big banks pledged millions to assist those impacted and industry super funds promised to fast track claims for anyone affected by the ...

Industry digs deep amid bushfire crisis

ELIZABETH MCARTHUR  |  MONDAY, 6 JAN 2020
... firefighters however possible, as Australia is gripped by a bushfire crisis that has seen many lose their lives. The big banks were amongst the first businesses in the country to issue responses, with ANZ, Commonwealth Bank and National Australia Bank ...

Market Forces takes aim at big banks

ELIZABETH MCARTHUR  |  THURSDAY, 19 DEC 2019
Controversial campaigner Market Forces have well and truly set its sights on Australia's big banks. After hitting Suncorp with a shareholder resolution in July, Market Forces has ramped up its efforts to influence Australia's largest financial institutions. ...