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Showing 691 - 700 of 5969 results for "banks"

CBA slashes profits, boosts dividends

KARREN VERGARA  |  WEDNESDAY, 10 FEB 2021
... generating strong yield outside of those viewed by many as the traditional income-paying sectors," he said. Last year, 2020 banks cut dividends by 60% on average, so a 53% dividend increase from CBA is a much-needed income boost for shareholders, Gardner ...

Pension fund members incur post-Brexit fees

JAMIE WILLIAMSON  |  FRIDAY, 5 FEB 2021
The United Nations Joint Staff Pension Fund is investigating why some European banks are now imposing fees on benefit payments in what looks like an unforeseen consequence of Brexit. Some beneficiaries have seen fees of up to €25 charged on their ...

Best, worst investment ideas for 2021: ARK

ELIZABETH MCARTHUR  |  TUESDAY, 2 FEB 2021
... in 2019, ARK's prediction could be bad news for investors. Meanwhile, in financial services ARK predicts that traditional banks are facing sizeable risks from digital wallets like Alipay and Venmo and digital lenders like Klarna. Venmo, which is owned ...

Careful portfolio rebalances needed: First Sentier

ELIZA BAVIN  |  MONDAY, 18 JAN 2021
... the 'liquidity forever' theme," co-head of multi-asset solutions, Kej Somaia said. "That is, the expectation that central banks will retain their loose monetary policy for the foreseeable future. This in itself may spark investors to pause and revisit ...

Chief economist update: COVID with a vengeance

BENJAMIN ONG  |  WEDNESDAY, 13 JAN 2021
... reaction has been relatively muted. Sterling's effective exchange rate has depreciated by 2.5% in 2020 -because central banks around the world have been responding almost in unison (through increased policy accommodation), leaving no single central ...

WealthO2 names chair, director

ANNABELLE DICKSON  |  TUESDAY, 12 JAN 2021
... today. It is technology innovation that can lead change in an industry," Pettiona said. "With the decoupling of the big four banks from wealth the time is perfect for technological innovation to flourish." WealthO2 chief executive and co-founder Shannon ...

Australian banks among most fined

ELIZABETH MCARTHUR  |  TUESDAY, 12 JAN 2021
Australian banks have taken the inauspicious title of second most fined in the world for 2020, according to new data. The research from Finbold found that US banks had to pay the most in fines of anywhere in the world - with 12 fines against US banks ...

WTW appoints Australia segment head

KANIKA SOOD  |  WEDNESDAY, 6 JAN 2021
... WTW's regional head of financial solutions Asia Pacific, corporate risk and broking. "We see tremendous opportunities for banks and corporates in Australia and New Zealand to benefit from our financial solutions products, particularly credit and ...

Challenger to buy industry-fund-owned bank

KANIKA SOOD  |  WEDNESDAY, 23 DEC 2020
... term it is likely to be high quality fixed income investments), rather than through relying on Home Loans like the major banks do." He noted the annuity market, where Challenger dominates, is less than 5% of the $1 trillion term deposit market that Catholic ...

Almost 3000 advisers gone in 2020

ELIZABETH MCARTHUR  |  FRIDAY, 18 DEC 2020
... also among the licensees to shed the most advisers, losing 123 and 51, respectively. Demonstrating the exodus of the big banks from wealth management in the wake of the Royal Commission, National Australia Bank lost 245 advisers; ANZ Group lost 162 and ...