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Showing 671 - 680 of 5969 results for "banks"

360 Capital to raise $93m

ELIZA BAVIN  |  FRIDAY, 19 MAR 2021
... Aanholt said tighter regulatory constraints and consistent shrug demand for credit has seen a gradual contraction of the major banks and the emergence of private, non-bank lenders to fill the gap. "This trend is expected to continue, creating attractive ...

Banks should pay advice exit levy: TAA

ANNABELLE DICKSON  |  THURSDAY, 18 MAR 2021
The Advisers Association (TAA) is calling on the government to mandate major banks and institutions pay an exit levy upon leaving the advice industry to provide relief for financial advisers and mitigate the increasing levy. Earlier this month the Australian ...

Admin fees could balloon from BFID

KARREN VERGARA  |  TUESDAY, 16 MAR 2021
... structures to the advantage of growing their market share in terms of advertising reach. Under this Bill, the capacity for big banks and institutions to own wealth management companies and to effectively corner the market is legitimised," Connelly said. ...

Banks still failing customers after Royal Commission

ELIZA BAVIN  |  TUESDAY, 16 MAR 2021
... fees, poor customer service, fraud, and unfair terms and conditions. CHOICE chief executive Alan Kirkland called out the banks for not stepping up to the plate in the wake of the Royal Commission. Additionally, Kirkland said this is occurring as crossbench ...

Remediation services profiting from Royal Commission failures

ELIZABETH MCARTHUR  |  THURSDAY, 11 MAR 2021
... 20% of the refund amount plus GST (charged on a no-win-no-fee basis). "The Banking Royal Commission exposed misconduct by banks and some financial advisors. Now thanks to its findings, they can help consumers claim back their money," Remediator co-founder ...

Adviser levy to increase by 160%

ELIZABETH MCARTHUR  |  FRIDAY, 5 MAR 2021
... They also noted ASIC's industry funding model had not changed despite major shifts in the financial advice sector, with banks largely exiting advice. Yet ASIC's budget to oversee financial advisers has increased from $25.6 million in 2017-18 to more ...

Metrics launches NZ fund

ANNABELLE DICKSON  |  WEDNESDAY, 3 MAR 2021
... wholesale funds managed by Metrics. The fund diversifies its lending in Australian corporates by industry sectors (excluding banks), across projects in both public and private sectors.

Chief economist update: Getting better, but not better enough

BENJAMIN ONG  |  WEDNESDAY, 3 MAR 2021
... who "quite forgot how to speak good English", there appears to be universal optimism over the economic outlook as central banks watch "through the looking glass". This sentiment is echoed by the Reserve Bank of Australia (RBA). In its March 2 meeting ...

Chief economist update: Fed fights back bond bears

BENJAMIN ONG  |  MONDAY, 1 MAR 2021
... bonds relative to undulating company stock prices and their dividend payouts. But hold your horses! Major world central banks, led by the Fed, are singing the chorus from Cher's classic, "I really don't think you're strong enough now..." ...

Chief economist update: The cloud over the rainbow

BENJAMIN ONG  |  FRIDAY, 26 FEB 2021
... that'll eventually end up in higher prices for goods and services that, in turn, will make it imperative for global central banks and fiscal authorities to reverse loose policy pledges. We all know what higher bond yields do to the stockmarket, they ...