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Showing 701 - 710 of 3558 results for westpac

Bank cross-selling success declines: Research

KANIKA SOOD  |  MONDAY, 8 OCT 2018
... 31%, down 2.6% since 2014 while ANZ came in with 27.7% for the year ending June 2018. This is a 1.1% slide in four years. Westpac has 28.3%, dropping only 0.9% in the last four years. Roy Morgan industry communications director Norman Morris said: "Nobody ...

Banks to answer for Hayne report

JAMIE WILLIAMSON  |  MONDAY, 8 OCT 2018
... unpunished, or the consequences have not met the seriousness of what has occurred and must be addressed." Commonwealth Bank and Westpac will face the committee this Thursday; ANZ will face questioning on Friday; and NAB is set to appear the following ...

Former super fund chief joins QIC

KARREN VERGARA  |  WEDNESDAY, 3 OCT 2018
... she serves on the board of BTFG Superannuation as a director. In February 2016, she was appointed as a director of the Westpac BT Superannuation boards and serves on the investment committee, and the board audit, risk and compliance committee. She is ...

Industry fund goes for growth

JAMIE WILLIAMSON  |  TUESDAY, 2 OCT 2018
... financial services both in Australia and the United States, Peters is a former group head of personal loans and overdrafts at Westpac; head of deposits at Citi; and associate vice president of customer value management at JPMorgan Chase. LGIAsuper chief ...

AMP, banks respond to RC interim report

HARRISON WORLEY  |  FRIDAY, 28 SEP 2018
... committed to ensuring that our ongoing engagement with ASIC and other regulators is forthright and honest." His counterpart at Westpac, chief executive Brian Hartzer said the report marked a significant step in the Royal Commission process. "We're reviewing ...

Regulatory inadequacy to blame: Hayne

JAMIE WILLIAMSON  |  FRIDAY, 28 SEP 2018
... rhetoric within the industry that misconduct comes down to 'a few bad apples'; a defence used numerous times by AMP, CBA and Westpac in recent years. Rhetoric of this kind is common. And responses of this kind to revelations of wrongdoings are generally ...

Banking remuneration practices to blame for misconduct

MICHELLE BALTAZAR  |  FRIDAY, 28 SEP 2018
... away from sales-driven targets and placed more emphasis on how staff performed in terms of client service and compliance. Westpac has also moved from variable remuneration driven mainly by financial goals to variable rewards based on how staff met behavioural ...

Dishonest advice fees dent Westpac earnings

JAMIE WILLIAMSON  |  FRIDAY, 28 SEP 2018
Westpac's cash earnings for 2018 will take a $235 million hit due to ongoing remediation to financial advice customers. The institution is estimating its full-year cash earnings will be reduced significantly as a result of provisions set aside for compensation ...

BT Financial Group divests Ascalon

JAMIE WILLIAMSON  |  FRIDAY, 28 SEP 2018
BT Financial Group is offloading Ascalon Capital Managers to an ASX-listed financial services firm. Westpac has entered into an agreement that will see ownership of the funds management business transition to Generation Development Group, formerly known ...

Fintech hub snaps up Afterpay co-founder

KANIKA SOOD  |  THURSDAY, 27 SEP 2018
... Wilcox became a corporate partner of the not-for-profit incubator, alongside the likes of NAB, ANZ, Optus, IAG, Suncorp and Westpac. Innovators across Stone & Chalk's Melbourne and Sydney hubs will now be able to share resources, the fintech announced ...