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Showing 6161 - 6170 of 17959 results for "Bank"

Credit Suisse fined for systems mishap

KARREN VERGARA  |  THURSDAY, 16 MAR 2017
Investment bank Credit Suisse was slapped with a $170,000 fine from the Australian Securities and Investment Commission for failing to have the appropriate price limits in place across its automated order processing (AOP) systems. The watchdog found ...

ASIC spots forex breaches at ANZ and Westpac

ALEX BURKE  |  WEDNESDAY, 15 MAR 2017
... attestations that said systems are "appropriate and adequate to effectively prevent, detect and respond to specified matters." Each bank will also make a one-off $3 million community benefit payment; Westpac's will go to supporting the financial capability ...

Suncorp inches closer to NZ insurer takeover

ALEX BURKE  |  WEDNESDAY, 15 MAR 2017
... Fairfax proposed acquiring all of Tower's shares at NZ$1.17 each; Suncorp responded with a similar bid at $1.30 per share. The bank paid a slight premium to that offer - $1.40 each - to acquire its current 19.9% stake. Tower chair Michael Stiassny questioned ...

Gen Y prefers liquid investments: KPMG

JAMIE WILLIAMSON  |  WEDNESDAY, 15 MAR 2017
Generation Y professionals favour short-term investments with only 12% investing in products such as managed funds and ETFs. This is a key finding of KPMG's Banking on the Future 2017 report which shows Gen Y prefers liquid investments that can easily ...

FIIG expands fixed income research team

EMMA RAPAPORT  |  WEDNESDAY, 15 MAR 2017
... has 31 years of industry experience, including being director of credit strategy for Australia and New Zealand at the Royal Bank of Scotland (RBS) prior to joining Aberdeen. Low joins FIIG from Moody's Investor Service where she was an analyst in project ...

Netwealth backing financial literacy in schools

JAMIE WILLIAMSON  |  WEDNESDAY, 15 MAR 2017
Leading platform provider netwealth launched a financial literacy campaign this week, looking to bring financial education to the classroom through an interactive tool aligned with existing school curriculums. Banqer, designed by a New Zealand start-up ...

Westpac deputy chief executive retires

KARREN VERGARA  |  WEDNESDAY, 15 MAR 2017
Westpac deputy chief executive Phil Coffey is retiring after spending more than 20 years at the bank. Coffey was appointed deputy chief executive in April 2014 and prior to that served as chief financial officer for eight years, and was the group executive ...

Good for now worrying for later

BENJAMIN ONG  |  WEDNESDAY, 15 MAR 2017
... Bloomberg Breakfast conference, RBA Assistant Governor (Financial System) Michele Bullock underscored the Australian central bank's role of maintaining "overall financial stability". "We are somewhat more explicit about recognising the potential human ...

RBA zeroes in on balance sheets

KARREN VERGARA  |  TUESDAY, 14 MAR 2017
... considering whether we might need to do more," she said. In terms of lending practices, she continued, what an individual bank is doing "might look okay," but if a whole group are doing a similar thing, "it can have a very dramatic effect." She said ...

Largest Aussie single solar project deal sealed

JAMIE WILLIAMSON  |  TUESDAY, 14 MAR 2017
The Commonwealth Bank and Clean Energy Finance Corporation have joined forces with one of Germany's biggest banks in Australia's largest single solar project financing deal to date. As financing partners to Edify Energy and international investor Wirsol ...