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Showing 6421 - 6430 of 17960 results for "Bank"

ANZ wealth sale marks end of an advice era

ALEX BURKE  |  FRIDAY, 4 NOV 2016
... advice businesses now that banks can no longer be considered a "buyer of last resort." During a media briefing discussing the bank's full-year results to September 30, ANZ chief executive Shayne Elliott said selling off ANZ's financial planning businesses ...

Westpac commits to social finance leadership

DARREN SNYDER  |  THURSDAY, 3 NOV 2016
... finance in Australia and is eager to introduce other institutional investors to future transactions. Westpac Institutional Bank executive director and head of structured finance, Greg Parker, made the commitment yesterday at a presentation of annual ...

ANZ mulls selling wealth business

ALEX BURKE  |  THURSDAY, 3 NOV 2016
... sale of its wealth management business is a possible scenario that has been thought about "for some time." In releasing the bank's full-year results today, ANZ chief executive Shayne Elliott told a media briefing its wealth business is "not the driving ...

Principal fund receives strong ratings

JAMIE WILLIAMSON  |  THURSDAY, 3 NOV 2016
... mechanisms. "The team is unconstrained in its approach to sector allocations, which can include everything from securitised debt to bank loans, and then selects the best ideas within each sector," Forster said. "According to SQM's rating a key strength ...

Economic Wrap

BENJAMIN ONG  |  THURSDAY, 3 NOV 2016
... from 46.2) and willingness to buy durable goods (41.9 from 42.5). New Zealand labour market Expectations that the Reserve Bank of New Zealand (RBNZ) will cut interest rates by 25 bps to 1.75% at its 10 November policy meeting could be dashed with the ...

NZ Super Fund settles stake in Kiwibank

KERRIE SYDEE  |  WEDNESDAY, 2 NOV 2016
The NZ Super Fund and ACC have announced the settlement of an investment in Kiwi Group Holdings, the owner of the Kiwibank. NZ Super Fund has acquired a 25% stake from NZ Post for $263 million, while ACC has invested $231 million for a 22% stake. The ...

FirstChoice Alternatives adds new macro manager

KERRIE SYDEE  |  WEDNESDAY, 2 NOV 2016
... fuelling the growth in this fund." The portfolio was launched in 2014 and aims to generate a before fees return of the Reserve Bank of Australia cash rate plus 4% by investing in a diversified portfolio of alternative investment strategies.

APRA marks New Year priorities

JAMIE WILLIAMSON  |  TUESDAY, 1 NOV 2016
Despite the current Australian financial system appearing healthy there remains areas of vulnerability, according to the latest annual report from APRA. The report outlines risks in the housing market, the funding profile of the banking system, poor ...

CBA partners to capitalise on Chinese tourism

JAMIE WILLIAMSON  |  TUESDAY, 1 NOV 2016
The Commonwealth Bank of Australia has teamed up with a leading mobile and online payment platform to provide payment solutions to Australian and Chinese consumers and retailers. CBA has signed a memorandum of understanding with Alipay, operated by ...

Global shakeup for Xero team

JAMIE WILLIAMSON  |  TUESDAY, 1 NOV 2016
Xero has implemented a series of organisational changes and appointed a new president of the Americas as part of a global growth strategy. The software provider has introduced a 'flatter' organisaational structure to leverage growing management capability ...