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Showing 51 - 60 of 177 results for "ME Bank"

ME Bank adds new chair, directors

ELIZABETH MCARTHUR  |  TUESDAY, 30 APR 2019
... industry fund-owned bank announced three changes to its board of directors, including the appointment of a new chair. ME Bank has appointed Jim Evans as chair. Evans has over 30 years' experience in the banking and financial services industries, having ...

Retirement funder partners with ME Bank

KARREN VERGARA  |  FRIDAY, 12 APR 2019
Specialist retirement funding provider Household Capital has partnered with industry super fund-owned ME Bank to establish a $100 million wholesale debt facility. The facility is designed to meet the unmet financial needs of retirees who plan to continue ...

ASIC outlines enforcement efforts

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 APR 2019
In the second half of last year ASIC brought criminal proceedings against nine individuals on 76 charges, with four people imprisoned as a result and $12.7 million imposed in civil penalties. ASIC also disqualified 28 directors and there were 72 instances ...

Banks must prioritise NPP, says Reserve Bank

ELIZABETH MCARTHUR  |  TUESDAY, 19 MAR 2019
The $1 billion New Payment Platform seems to be another headache for the big banks. Reserve Bank governor Philip Lowe asked the chief executives of the big four to confirm they are putting significant resources into rolling out the high speed payment ...

Mortgage broker trail commissions to stay

KANIKA SOOD  |  WEDNESDAY, 13 MAR 2019
The Government will allow mortgage brokers to continue to collect trailing commissions on new loans with a review slated for three years down the line, Treasurer Josh Frydenberg said yesterday. The competition regulator and the Council of Financial ...

First neobank granted full banking licence

OSKAH DUNNIN  |  WEDNESDAY, 23 JAN 2019
Volt Bank has become the first neobank to obtain a full banking licence from APRA. Treasurer Josh Frydenberg applauded the news and said it promotes industry competition and company innovation. Likewise, Volt Bank's success shows promise for neobanks ...

3.5 million Aussies give financial advice to friends and family: Roy Morgan

HARRISON WORLEY  |  TUESDAY, 15 JAN 2019
... network of decision making capacity is "likely to play a major role in financial decisions." The survey shows Citibank and ME Bank - owned by industry superannuation funds - to have the highest proportion of customers who are sought out by friends and ...

Investment manager chair retires

DARREN SNYDER  |  FRIDAY, 30 NOV 2018
... also a former Australian Council of Trade Unions (ACTU) secretary. He is also a former director at AustralianSuper and ME bank. Weaven said IFM board members Murray Bleach and Linda Rubinstein will also step down on December 4. The IFM board recently ...

Royal Commission puts bonuses on notice

HARRISON WORLEY  |  TUESDAY, 20 NOV 2018
Latest research from Macquarie University uncovers flaws in the use of balanced scorecards to determine remuneration. It comes as Australia's biggest bank bosses face the Royal Commission. According to researchers from the university's Applied ...

Banks must reshape to survive compliance and technology crunches

DARREN SNYDER  |  TUESDAY, 6 NOV 2018
KPMG and EY highlight Australia's big four banks must balance ongoing compliance costs with continued spending in technology or face being left behind when it comes to innovation. In their post FY18 analysis of Australian bank results, KPMG and EY point ...