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Showing 681 - 690 of 4760 results for "Banking"

Link profit slips

ANNABELLE DICKSON  |  THURSDAY, 26 AUG 2021
... Group posted a $163 million net profit loss in its full-year results which it attributed to an impairment charge in its banking and credit management (BCM) division. The administration software business recorded a non-cash impairment charge of $182.8 ...

Douugh rolls out robo-advice

ANNABELLE DICKSON  |  WEDNESDAY, 25 AUG 2021
... start their wealth journey." Goodments by Douugh launched in Australia in June as a stepping stone before Douugh's banking app attempts to break into the local market. The Goodments by Douugh proposition in Australia will eventually morph into the ...

BNZ chief executive moves back to NAB

ANNABELLE DICKSON  |  WEDNESDAY, 25 AUG 2021
... the data collected by the bank is used to create better customer experiences and personalisation. "Customers want their banking to be simple, safe, smart and personalised. We also know they want insights to make their lives easier, help them grow and ...

Benefits of advice reforms yet to materialise

KARREN VERGARA  |  TUESDAY, 24 AUG 2021
... This averages to 300 advisers leaving the industry each month. Since the 2017-19 Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, an overhaul of the advice sector has become a major priority. "We are yet ...

Magellan to move to higher tax rate

KANIKA SOOD  |  WEDNESDAY, 18 AUG 2021
... lightening its total tax bill for FY21 by about $44 million. This is because MFG is currently recognised as an Offshore Banking Unit, which allows its assessable offshore income after costs to be taxed at 10%, while the domestic income is taxed at 30%. ...

Financial services market skyrockets

ANNABELLE DICKSON  |  WEDNESDAY, 18 AUG 2021
... by $1.27 trillion last financial year to a total of $10.9 trillion at June end, research shows. The latest Roy Morgan Banking and Finance Report showed the increase was larger than the last three years combined. Over the three-year period from June 2017 ...

AMP flags recovery, profit jumps

KARREN VERGARA  |  THURSDAY, 12 AUG 2021
... compensate them by October. George is confident that the group will redeem itself and undo the damage inflicted by the banking Royal Commission and a series of controversies that emanated internally. Reparation of the brand damage is her top priority ...

Profit boost for CBA, ups remediation bill

KARREN VERGARA  |  WEDNESDAY, 11 AUG 2021
... period, of which $326 million relates to historical aligned advice compensation issues, while $249 million relates to banking, wealth and other employee-related remediation. The bank is juggling a number or class actions. It is defending itself against ...

Abrdn acquires robo-adviser

ANNABELLE DICKSON  |  WEDNESDAY, 11 AUG 2021
... strategies such as emerging markets. Exo Investing will complement Abrdn's Personal vector capabilities, including open banking insights, simple risk-rated savings, financial advice and now digitally driven wealth management. "This is an exciting and ...

NAB to buy Citigroup's Australian consumer banking business

KANIKA SOOD  |  TUESDAY, 10 AUG 2021
... 4000 wealth clients. NAB will pay Citigroup cash for the net assets and a premium of $250 million. Citigroup's consumer banking business includes lending assets of $12.2 billion (including $7.9 billion in residential mortgages and $4.3 billion in unsecured ...