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Showing 6941 - 6950 of 17960 results for "Bank"

Western AM says credit to be positive in 2016

DARREN SNYDER  |  THURSDAY, 10 MAR 2016
Western Asset Management believes 2016 will be a positive year for credit investors because it is a compelling investment in the current economic climate. The global fixed income manager's deputy chief investment officer, Michael Buchanan, said in a ...

Confused environment leads to Aussie stock volatility

DARREN SNYDER  |  THURSDAY, 10 MAR 2016
A confused global macroeconomic environment, combined with a dominant passive style of investment management, explains volatile Australian stock prices during the reporting season. This is the view of Avoca Investment Management portfolio manager John ...

RBNZ cuts rates, biased towards further easing

BENJAMIN ONG  |  THURSDAY, 10 MAR 2016
It was unexpected but not a total surprise. The Reserve Bank of New Zealand (RBNZ) cut the official cash rate by 25 basis points to 2.25% contrary to consensus expectations that the New Zealand central bank will keep interest rates unchanged after this ...

FSC defends industry self-regulation

ALEX BURKE  |  WEDNESDAY, 9 MAR 2016
The FSC has said a life insurance code of conduct is "well underway" following the news that the issue will now be raised in the Senate's Scrutiny of Financial Advice inquiry. On March 8, Senator John Williams amended the inquiry to include a scrutiny ...

ANZ searches for new chief economist

DARREN SNYDER  |  WEDNESDAY, 9 MAR 2016
... research across all ANZ's financial markets products. Prior to this he held senior economic research roles at HSBC, Deutsche Bank and the Australian Government. Collins said ANZ is "fortunate to have an economist with Richard's experience in financial ...

Senate to investigate life industry

DARREN SNYDER  |  TUESDAY, 8 MAR 2016
... the new terms of reference follow revelations surrounding CommInsure's treatment of some of its clients. "The Commonwealth Bank has admitted it needs to review the criteria it uses in determining whether a person has a valid claim to a payout for a medical ...

QSuper takes industry leap with retirement incomes

DARREN SNYDER  |  TUESDAY, 8 MAR 2016
QSuper is leveraging its scale as one of the country's largest superannuation funds to offer accumulation members a bonus should they keep post-retirement savings at the $60 billion industry fund. As thousands of its members near retirement, Queensland's ...

ANZ pays $212,500 for responsible lending breach

ALEX BURKE  |  TUESDAY, 8 MAR 2016
ANZ has paid a $212,500 penalty for breaching responsible lending laws regarding overdraft facilities. The "ANZ Assured" overdraft facility can be applied to particular ANZ transaction accounts and has a limit of either $500 or $1,000. Offers to use ...

ANZ appoints former Google MD

ALEX BURKE  |  TUESDAY, 8 MAR 2016
ANZ has appointed a new group executive digital banking. Maile Carnegie joins ANZ from Google, where she was managing director Australia and New Zealand. Prior to that, she was also managing director at Procter & Gamble, where she worked for over 20 ...

Narev apologetic in face of CommInsure allegations

MARK SMITH  |  MONDAY, 7 MAR 2016
Commonwealth Bank chief executive Ian Narev has issued a statement of apology in the face of fresh allegations of unethical conduct within the financial services giant, this time within its insurance arm. A joint Four Corners and Fairfax investigation ...