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Showing 701 - 710 of 2426 results for "NEC"

Macquarie fired 32 people in "consequence management"

ELIZABETH MCARTHUR  |  THURSDAY, 30 JUL 2020
During the Macquarie Group annual general meeting and results update chair Peter Warne touched on the bank's "consequence management", highlighting the consequences of inappropriate behaviour. He said that in financial year 2020, there were 164 matters ...

Chief economist update: Cheaper prices not a bargain

BENJAMIN ONG  |  THURSDAY, 30 JUL 2020
Down, down, prices are down... big time! The Australian Bureau of Statistics (ABS) reported that the country's headline inflation dropped by 1.9% in the June quarter - the largest quarter on quarter decline in the 72-year history that the statistician ...

Advisers file class action against AMP

JAMIE WILLIAMSON  |  WEDNESDAY, 29 JUL 2020
A class action has been filed against AMP by its own advisers in relation to the institution's decision to slash Buyer of Last Resort valuations last year. Almost one year on from the news BOLR valuations would be cut from 4x recurring revenue to ...

Insurers COVID-19 response slammed

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 JUL 2020
An announcement from the Financial Services Council (FSC) that life insurers would keep their COVID-19 support measures in place until the end of the year doesn't go nearly far enough, a lawyer has said. As part of the insurance response to COVID-19 ...

AustralianSuper partners with greenhouse gas giants

ALLY SELBY  |  MONDAY, 27 JUL 2020
Australia's largest superannuation fund has partnered with the country's major greenhouse gas emitters in a new initiative which will see them work towards a decarbonised future. AustralianSuper, joined by NAB and Schneider Electric, has partnered ...

Calls for broad default life insurance system

ELIZA BAVIN  |  MONDAY, 27 JUL 2020
There have been renewed calls from the country's major life insurers and adviser groups for a reset of the life insurance sector to allow for greater access. The Choice and Assess to Life Insurance (CALI) campaign, includes members from AIA, MLC ...

Chief economist update: Second wave comes to Japan

BENJAMIN ONG  |  MONDAY, 27 JUL 2020
Getting bitten by the love bug may be lovelier the second time around but definitely not if it's a second bite from the coronavirus. Australia is currently in the midst of it. Now the second wave looks like it's come to Japan. According to Kyodo ...

Government announces $184bn deficit

ELIZA BAVIN  |  FRIDAY, 24 JUL 2020
Treasurer Josh Frydenberg has announced the country's biggest ever peace-time budget deficit as the economic effects of COVID-19 are realised. Frydenberg and Minister for Finance, Senator Mathias Cormann revealed the economic toll while giving an economic ...

Chief economist update: US-China tensions escalate

BENJAMIN ONG  |  THURSDAY, 23 JUL 2020
Houston, we have a problem. The headlines say it all: "US-China tensions escalate after closure of Houston consulate" - The Guardian "China pledges to retaliate after U.S. orders closure of its consulate in Houston" - Washington Post "U.S. Orders China ...

ASIC suspends OTC derivatives issuer

ANNABELLE DICKSON  |  TUESDAY, 21 JUL 2020
The corporate regulator has suspended the Australian financial services licence of Union Standard International Group. The Sydney-based retail over-the-counter derivatives issuer operating as USGFX is suspended until September 23 under 915B of the Corporations ...