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Showing 51 - 60 of 503 results for "Banking Sector"

Dividend payouts stagnate

KARREN VERGARA  |  MONDAY, 26 AUG 2019
... putting pressure on earnings, subdued revenue, remediation and credit charges bouncing off lows, UBS said in a banking sector note. Further, UBS forecasted an ongoing trend of regulators not backing down from proposing changes to capital, remediation ...

Open Banking gets another shot in parliament

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 JUL 2019
... allow them to switch service providers more easily. The Consumer Data Right reforms would first be applied to the banking sector under the Open Banking changes. The energy and telecommunications sectors are proposed to follow next. Three of the four ...

Open banking reforms a boon for fintech

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUL 2019
... more options to assess and manage their finances and that competition and innovation will be stimulated across the banking sector. "Data is driving change and transformation across all sectors of our economy, and this will only accelerate. Realising ...

Regional Australia Bank and Holiday Coast merge

ELIZABETH MCARTHUR  |  FRIDAY, 31 MAY 2019
... over 90% of members agreeing to a resolution that will now see one of the largest mergers in the customer owned banking sector in recent times. The sector continues consolidate as it struggles to attain the necessary scale to meet market conditions. ...

Super funds to dominate ASX: Research

KARREN VERGARA  |  FRIDAY, 17 MAY 2019
... funds' rate of ownership has increased by 9.4% p.a. Rainmaker estimates that super funds hold more than 20% of the banking sector. Including SMSFs, this figure jumps to one third. The top 10 most popular companies among super funds are: CSL, NAB ...

APRA grants ADI licence to Judo Bank

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 APR 2019
... its banking license. He said it represents a huge vote of confidence in Judo as a new entrant to the Australian banking sector. "Obtaining a banking license is a significant achievement for Judo and is a testament to the quality of Judo's board and ...

Superannuation mergers strike oligopoly fears

KARREN VERGARA  |  TUESDAY, 23 APR 2019
Concern the superannuation industry will become an oligopoly like the banking sector is being fuelled by the regulators' new powers and increased funding, specifically aimed at forcing underperforming funds to merge or shut down. Of the $400 million ...

ASIC dismisses Royal Commission insider trading reports

ELIZABETH MCARTHUR  |  THURSDAY, 28 MAR 2019
... February 2019". ASIC responded to the question in a written statement saying it conducted a review of trading in the banking sector on the date in question. ASIC said: "ASIC reviewed trading in the ordinary shares of banking sector, listed derivatives ...

Banks move to derisk, workforces shrink

KANIKA SOOD  |  MONDAY, 25 MAR 2019
... underweight in the sector, but not totally offload their holdings," Ong says. "On whether and how the restructure of the banking sector will impact super fund appetite to invest in them, it is worth considering how much more the superannuation funds ...

AFCA appoints new ombudsman

DARREN SNYDER  |  THURSDAY, 7 FEB 2019
... worked with Geoff Browne in his role as Victorian Small Business Commissioner. He is very knowledgeable about the banking sector and highly respected by the small business sector. Geoff is perfect for this job."