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Showing 651 - 660 of 3170 results for "Times"

BOQ acquires ME Bank

ELIZABETH MCARTHUR  |  MONDAY, 22 FEB 2021
... of ME Bank for $1.325 billion cash, funded by an underwritten capital raising of $1.35 billion. The price represents 1.15 times ME's net tangible assets. Combined, ME Bank and BOQ will have total assets of $88 billion and total deposits of $56 billion. ...

Limited advice overdue for disruption

KARREN VERGARA  |  THURSDAY, 18 FEB 2021
... make it easy for these members to access advice around complex topics such as income streams and the Age Pension, which at times is attached with a "pride issue" that deters them from applying for it. "We owe them that right and have to think about how ...

J.P. Morgan dominates custody market

KARREN VERGARA  |  THURSDAY, 18 FEB 2021
... disruption. "Overall, the industry is highly automated, but a small proportion of asset types present challenges in normal times which are amplified through pandemic interruption," he said. J.P. Morgan head of securities services for Australia and New ...

CBA guilty of deceptive conduct

ELIZA BAVIN  |  WEDNESDAY, 17 FEB 2021
... engaged in deceptive conduct on over 12,000 occasions. Justice Lee found that CBA breached financial services law 12,119 times when charging a rate of interest on business overdraft accounts substantially higher than what customers were advised. The ...

Citi names client director from within

ANNABELLE DICKSON  |  WEDNESDAY, 17 FEB 2021
... personal banker in 2010. In his new role, Liu will manage Citi's high net worth clients and be a point of contact to navigate times of volatility. Last year, Citi's Australian retail bank's fixed income assets under management grew 30% and overall investment ...

Chief economist update: Amber alert

BENJAMIN ONG  |  WEDNESDAY, 17 FEB 2021
... these "euphoria" have taken the US equity market to overvalued levels. The S&P 500's P/E ratio currently stands at 22.5 times earnings which is way past its periodic averages - five-year (17.9 times); 10-year (15.9 times); 15-year (15.2 times); long-term ...

Local managed funds fee revenues shrinks

KANIKA SOOD  |  WEDNESDAY, 10 FEB 2021
... funds charged performance fees. By asset classes, alternatives had the highest median fees (1.2% p.a.). They were also three times more likely to charge performance fees. The were followed by international equities (1% p.a. in median fees), Australian ...

NEOS, ClearView lead satisfaction

ELIZABETH MCARTHUR  |  TUESDAY, 9 FEB 2021
... value proactive support, meaning that insurers that provide quality BDM support, ongoing communications and quick turnaround times will stand out." Investment Trends' research also found 80% of advisers had altered their delivery of risk advice in response ...

ETF liquidity disappears: Morningstar

ELIZABETH MCARTHUR  |  MONDAY, 8 FEB 2021
... Hedged) ETF (IHHY). Each had a spread to $100K of more than 300 basis points during the stressed market period, more than 10 times what we measured during the normal period. "The lower-quality and higher-yielding fixed-interest securities did suffer ...

High Court dismisses Westpac appeal

JAMIE WILLIAMSON  |  WEDNESDAY, 3 FEB 2021
... the reasonable expectations of a member approached in this way", and that "the circumstance that the Westpac callers at times revealed a lack of comprehensive knowledge of the members' financial affairs was not inconsistent with an expectation that ...