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Showing 661 - 670 of 5944 results for "Banks"

BOQ acquires ME Bank

ELIZABETH MCARTHUR  |  MONDAY, 22 FEB 2021
... and total deposits of $56 billion. BOQ said the acquisition creates a compelling alternative to Australia's big four banks. "Today's announcement is another major step in our strategy to be the leading customer-centric alternative to the big ...

Big super locking Aussies out of homes: Wilson

ELIZA BAVIN  |  FRIDAY, 19 FEB 2021
... been grilling the nation's superannuation funds as part of the economics committee's ongoing review into the big banks and other financial institutions in his role of chair. Wilson believes the scrutiny is an important part of ensuring Australia's ...

Banks return $1.2bn for bad advice

ELIZA BAVIN  |  FRIDAY, 12 FEB 2021
Six of Australia's largest banks have paid or offered a total of $1.24 billion in compensation to customers, according to new ASIC figures. The funds have been returned to customers who suffered loss or detriment due to fees for no service misconduct ...

Financial sector has deep pockets for philanthropy: Report

KARREN VERGARA  |  FRIDAY, 12 FEB 2021
... As for the devasting bushfires that wreaked havoc in 2019-20, some 113 companies gave $145 million in total. The big four banks made a combined $19 million donation for bushfire appeals. News Corp and Seven Group donated $5 million each. The report calculated ...

ASX profits slide, names chair

ANNABELLE DICKSON  |  THURSDAY, 11 FEB 2021
... economy," he said. Damian Roche has been on the board since 2014 and prior to that spent over 20 years' in global investment banks where he was most recently head of markets and investor services for Asia Pacific at J.P. Morgan. Roche has extensive experience ...

CBA slashes profits, boosts dividends

KARREN VERGARA  |  WEDNESDAY, 10 FEB 2021
... generating strong yield outside of those viewed by many as the traditional income-paying sectors," he said. Last year, 2020 banks cut dividends by 60% on average, so a 53% dividend increase from CBA is a much-needed income boost for shareholders, Gardner ...

Pension fund members incur post-Brexit fees

JAMIE WILLIAMSON  |  FRIDAY, 5 FEB 2021
The United Nations Joint Staff Pension Fund is investigating why some European banks are now imposing fees on benefit payments in what looks like an unforeseen consequence of Brexit. Some beneficiaries have seen fees of up to €25 charged on their ...

Best, worst investment ideas for 2021: ARK

ELIZABETH MCARTHUR  |  TUESDAY, 2 FEB 2021
... in 2019, ARK's prediction could be bad news for investors. Meanwhile, in financial services ARK predicts that traditional banks are facing sizeable risks from digital wallets like Alipay and Venmo and digital lenders like Klarna. Venmo, which is owned ...

Careful portfolio rebalances needed: First Sentier

ELIZA BAVIN  |  MONDAY, 18 JAN 2021
... the 'liquidity forever' theme," co-head of multi-asset solutions, Kej Somaia said. "That is, the expectation that central banks will retain their loose monetary policy for the foreseeable future. This in itself may spark investors to pause and revisit ...

Chief economist update: COVID with a vengeance

BENJAMIN ONG  |  WEDNESDAY, 13 JAN 2021
... reaction has been relatively muted. Sterling's effective exchange rate has depreciated by 2.5% in 2020 -because central banks around the world have been responding almost in unison (through increased policy accommodation), leaving no single central ...