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Showing 51 - 60 of 422 results for "NZ Bank"

CBA cops $25 million for BBSW rigging

KANIKA SOOD | WEDNESDAY, 9 MAY 2018

Commonwealth Bank will fork out $25 million to settle its bank bill swap rate rigging scandal, adding to the bank's pile of settlement payouts. CBA will acknowledge it "attempted to engage in unconscionable conduct in breach of the ASIC Act" while trading ...

Prime Access bungle costs ANZ $50 million

KANIKA SOOD | FRIDAY, 6 APR 2018

ANZ bank has entered an enforceable agreement with ASIC and has footed a $50 million compensation bill as it puts the lid on its Prime Access compliance bungle. Back in 2015, an investigation by the corporate regulator revealed the bank had failed to ...

ANZ attempts sale to Chinese conglomerate, blocked by NZ regulator

ALEX BURKE | THURSDAY, 21 DEC 2017

ANZ's attempted sale of a subsidiary business to a Chinese firm has been blocked by New Zealand's Overseas Investment Office. HNA Group has been in talks to purchase UDC Finance, an asset financing firm acquired by ANZ Bank New Zealand in 1980. ANZ ...

Former NZ Prime Minister joins bank board

KARREN VERGARA | WEDNESDAY, 18 OCT 2017

ANZ Bank New Zealand appointed the country's former Prime Minister as chair. Sir John Key replaces John Judge, who will retire as chair in January next year, a position he's held since 2012. Judge joined the board in December 2008 as an independent ...

Chief executive departs LGS

EMMA RAPAPORT | MONDAY, 3 APR 2017

The longstanding chief executive of $10 billion dollar superannuation fund Local Government Super has resigned after a decade in the role. Peter Lambert was appointed chief executive in December 2007. He has more than 30 years' expertise in super with ...

ANZ unloads UDC Finance

JAMIE WILLIAMSON | WEDNESDAY, 11 JAN 2017

ANZ will sell UDC Finance to a global financial services, tourism, and logistics firm. Continuing its strategy to simplify its business, the bank announced it has entered a NZ$660 million agreement with HNA Group to sell the asset finance firm - a wholly ...

CBA director retires

JAMIE WILLIAMSON | WEDNESDAY, 9 NOV 2016

A non-executive director at the Commonwealth Bank has retired. Sir John Anderson has served on the board since March 2007, and has also been a member of the risk committee, the board performance and renewal committee, and the audit committee. CBA chairman ...

Praemium chair to retire, intended successor revealed

KERRIE SYDEE | TUESDAY, 27 SEP 2016

Praemium has revealed its chair will retire and has appointed a new non-executive director who is slated to succeed as the new chair. In a statement to the ASX, Praemium announced Bruce Loveday will retire from his position as chair following the company's ...

ANZ nine-month cash profit down

KERRIE SYDEE | TUESDAY, 9 AUG 2016

ANZ Bank's third quarter cash profit for the financial year was down 3% to $5.2 billion as bad debt continues to claw at profits. The group highlighted an increase of 5% in profit before provisions, with income increasing at a quicker rate than expenses. ...

Economic Wrap

ALEX DUNNIN | MONDAY, 1 AUG 2016

Centenarians our fastest growing age group In the US the number of people making it to 100 years of age is growing so rapidly that by 2050 it is estimated there could be as many as 1 million centenarians, up 100% on current numbers. In Japan the number ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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