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Showing 6561 - 6570 of 17960 results for "Bank"

Economic Wrap

BENJAMIN ONG  |  FRIDAY, 9 SEP 2016
... spending but at the same time is a positive for consumers' balance sheet. ECB policy As widely expected, the European Central Bank (ECB) kept policy unchanged at its September Governing Council meeting - the fifth straight month of unchanged monetary ...

VanEck resources ETF upgraded by Lonsec

MARK SMITH  |  THURSDAY, 8 SEP 2016
VanEck has had the rating for its Australian Resources ETF (MVR) upgraded to 'Recommended Index' by Lonsec. The rating indicates that Lonsec has strong conviction that the ETF can generate risk adjusted returns in line with relevant objectives. The ...

ANZ COO departs in management restructure

ALEX BURKE  |  THURSDAY, 8 SEP 2016
ANZ's group chief operating officer has departed as the bank restructures its operating model. Alistair Currie joined ANZ in 2008 from HSBC, where he was HBSC Taiwan's chief executive. According to ANZ's statement, Currie's move came about due to his ...

Unclear disclosure leads to $20 million in refunds

JAMIE WILLIAMSON  |  THURSDAY, 8 SEP 2016
Westpac has been forced to refund approximately $20 million in wrongfully charged credit card fees. The bank recently reimbursed around 820,000 customers after it failed to clearly disclose the types of credit card transactions that attract foreign ...

Fears of increased compliance costs misguided

JAMIE WILLIAMSON  |  THURSDAY, 8 SEP 2016
A financial services technology firm says transparent risk and governance measures have always been fundamental to the delivery of 'true' digital financial advice. Decimal believes compliance should already be at the core of robo-advice platforms utilised ...

Economic Wrap

BENJAMIN ONG  |  THURSDAY, 8 SEP 2016
... 0.6 pp and 0.5 pp from June quarter growth, respectively. China foreign exchange reserves Figures released by the People's Bank of China (PBOC) showed that the country's foreign exchange reserves dwindled to a greater than expected US$3.19 trillion in ...

NAB partners with global custodian

ALEX BURKE  |  WEDNESDAY, 7 SEP 2016
... as global custodian for NAB Asset Servicing; the strategic partnership was originally announced in 2015 and will, in the bank's words, "provide NAS customers direct access to 60 markets around the world, as well as provide richer information and easier ...

ING DIRECT pays up for "no fees" super marketing

MARK SMITH  |  WEDNESDAY, 7 SEP 2016
... This is not the case as interest rates for Living Super are set independently. In particular, ASIC was concerned that ING Bank promoted Living Super, between March 2015 and September 2016, as having 'No Fees' for the 'Cash Investment Option', 'No Investment ...

Former Westpac exec joins YBR

JAMIE WILLIAMSON  |  TUESDAY, 6 SEP 2016
Yellow Brick Road (YBR) has appointed a former Westpac executive as general manager of its wealth division. Adam Youkhana, most recently head of partnerships and private banks for financial planning at Westpac, now leads YBR's wealth management business ...

ANZ to refund millions in unlawfully charged fees

JAMIE WILLIAMSON  |  TUESDAY, 6 SEP 2016
... refund $28.8 million to customers after failing to clearly disclose when certain periodical payment fees would apply. The bank discovered it had been charging fees on transactions carried out between accounts held in customers' own names, contrary to ...