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Showing 681 - 690 of 5970 results for "banks"

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 ...

ASIC takes NAB to court

KANIKA SOOD  |  THURSDAY, 25 FEB 2021
... This fee was set at $1.80 for periodical payments to other NAB accounts, and $5.30 for such payments to accounts with other banks. However, many customers were exempt from the PP fees - but NAB charged them anyways. The bank did not disclose these explicitly ...

Public sector super satisfaction rises

ANNABELLE DICKSON  |  WEDNESDAY, 24 FEB 2021
... by OnePath, Mercer, MLC and Colonial First State. Satisfaction was lower for members of retail funds run by the big four banks, coming in at 61.4%. Levine said the impact of the fall in stock valuations as a result of COVID-19 along with the government's ...

T. Rowe Price names new executive

ELIZA BAVIN  |  WEDNESDAY, 24 FEB 2021
... responsible for leading the firm's growth in the wholesale and family office distribution channels, including the private banks. She will continue to report to head of intermediary Australia and New Zealand Jonathon Ross and will remain based in ...

Fund manager hires distribution director

KARREN VERGARA  |  TUESDAY, 23 FEB 2021
... Daniel Bullock and will be a key point of contact for GQG's network of wholesale asset consultants, licensees, private banks and independent wealth firms. At Vanguard, Naidu worked in business development for six years, responsible for retail distribution ...

Aussie dividends slump 40%

KARREN VERGARA  |  MONDAY, 22 FEB 2021
... capping dividends at 50% of profits. From 1 January 2021, APRA lifted the restrictions. "While APRA will no longer hold banks to a minimum level of earnings retention, the onus will be on boards to carefully consider the sustainable rate for dividends ...

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 ...