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Showing 641 - 650 of 3558 results for westpac

Banks, ASIC still at war over fees-for-no-service

HARRISON WORLEY  |  TUESDAY, 12 MAR 2019
... instances when it could not do so. The bank's offer was chided by the regulator for also failing to meet the RG256 guidance. Westpac licensees Securitor and Magnitude and NAB's JBWere also copped heat, with both institutions' report cards littered with ...

ASIC scolds banks over fee-for-no-service delays

HARRISON WORLEY  |  MONDAY, 11 MAR 2019
... currently underway at six of Australia's largest financial institutions - AMP, ANZ, Commonwealth Bank, Macquarie, NAB and Westpac. According to ASIC commissioner Danielle Press, the institutions have taken too long to conduct further reviews of their ...

Macquarie chief executive on striking a balance

KANIKA SOOD  |  FRIDAY, 8 MAR 2019
... stopped working not long after they had children, she told attendees. She recalled an International Women's Day Event at Westpac she attended a few years ago. Around the table were 22 women working in senior positions. "At one stage one of the women ...

NAB names new chair

JAMIE WILLIAMSON  |  THURSDAY, 7 MAR 2019
... has served on the NAB board since 2016 and is a former head of ANZ Australia. Prior to that he dedicated many years to Westpac, serving in a number of roles including group executive, institutional banking. He is also a current director of TCorp. NAB ...

Chief economist update: How would you vote if seated on the RBA board?

BENJAMIN ONG  |  TUESDAY, 5 MAR 2019
... rate, with the Australian central bank itself just recently changing its policy bias from tightening to neutral. Note, Westpac recently announced two rate reductions of 25 bps each - one in August, another in November this year. No doubt the men and ...

SMSF darlings revealed

KANIKA SOOD  |  MONDAY, 4 MAR 2019
... value for the major banks was down 11% in the second half. However, SMSF investors showed a strong buy bias especially for Westpac and NAB. The only exception was ANZ. December's volatility gave them an opportunity to buy top blue chips at a dip. ...

Chief economist update: Wrong way, go down

BENJAMIN ONG  |  THURSDAY, 28 FEB 2019
... monetary policy expectations - the Fed's on hold this year and the RBA will cut interest rates (maybe two according to Westpac) this year. Yet the Australian dollar refuses to go down. This is despite consensus expectations willing it to go down. ...

Chief economist update: Nerves of steel

BENJAMIN ONG  |  FRIDAY, 22 FEB 2019
Could it be? Could it be that Westpac's chief economist Bill Evans has just gotten one up on me? Nah Virginia, me don't want to "kill Bill", we economists may not see eye to eye but we stick together. More so that Bill's come around to my ...

ASIC appeals Westpac Federal Court decision

JAMIE WILLIAMSON  |  MONDAY, 18 FEB 2019
The corporate regulator is appealing last year's landmark Federal Court decision, determined to prove two Westpac subsidiaries provided personal financial advice despite not being licensed to do so. In December 2018, Justice Jacqueline Gleeson determined ...

Former Westpac GM joins APRA review

HARRISON WORLEY  |  WEDNESDAY, 13 FEB 2019
A former Westpac general manager and group executive will help lead APRA's capability review. Diane Smith-Gander has joined the three-person panel reviewing the prudential regulator, after the Government agreed to act on Kenneth Hayne's recommendation ...