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Showing 711 - 720 of 5944 results for "Banks"

BABL named, shamed over Great Southern

ELIZABETH MCARTHUR  |  WEDNESDAY, 30 SEP 2020
... treatment of customers experiencing financial difficulty. The BCCC has the power to apply sanctions to code subscribing banks that commit breaches, including naming the bank in their annual report. This is the first time the BCCC has ever named a bank ...

BOQ expects to back pay $11m in SG

KARREN VERGARA  |  WEDNESDAY, 30 SEP 2020
... workers their correct base rates, overtime, penalty rates and full superannuation entitlements. "We have been urging all the banks to review and audit their payrolls and we are not surprised that another bank has been underpaying workers," Angrisano ...

Responsible lending laws to be revoked

ANNABELLE DICKSON  |  FRIDAY, 25 SEP 2020
... complex and unnecessarily onerous on consumers." As a result ASIC will no longer enforce the responsible lending laws for banks however, authorised deposit taking institutions (ADI) will continue to comply with APRA's lending standards which comprise ...

J.P. Morgan set to cough up US$1bn

ALLY SELBY  |  THURSDAY, 24 SEP 2020
... precious metals futures contracts. Those charged included Michael Nowak, a former managing director at J.P. Morgan who ran the banks global precious metals desk, as well as Gregg Smith, an executive director and traded on the desk, and Christopher Jordan ...

Chief economist update: October rate cut?

BENJAMIN ONG  |  THURSDAY, 24 SEP 2020
... will lower the overnight cash rate and the three-year bond target to below 0.25 per cent, as well as cut the rate paid to banks that keep money on deposit with the central bank to below 0.1 per cent... Mr Evans also forecast the Reserve Bank would lower ...

Westpac reaches $1.3bn AUSTRAC deal

ELIZA BAVIN  |  THURSDAY, 24 SEP 2020
... the origin of some of these international funds transfers, and to pass on information about the source of funds to other banks in the transfer chain, which these banks needed to manage their own ML/TF risks. Keep records relating to the origin of some ...

Chief economist update: RBA negative on negative interest rate policy

BENJAMIN ONG  |  WEDNESDAY, 23 SEP 2020
... down to negative back in 2014 and the Bank of Japan's (BOJ) target rate had been below zero since 2016. Both central banks have not taken interest rates deeper into the negative to counteract the negative impact of the coronavirus pandemic on their ...

Finance job ads perk up

KARREN VERGARA  |  TUESDAY, 22 SEP 2020
... hardest hit industries, declining -55% and -59.6% respectively. SEEK Australia and New Zealand managing director Kendra Banks said there are currently three distinct rates of recovery emerging across Australia. "The first group are the states that have ...

Magellan, Barclays back new firm

KANIKA SOOD  |  MONDAY, 21 SEP 2020
... with executives is proven and powerful," Cairns said. "This partnership model was adopted historically by many investment banks but unfortunately seems to have disappeared over 20 years. By offering true ownership and autonomy to staff, we believe that ...

Real opportunity for super funds in private assets: Schroders

ELIZA BAVIN  |  THURSDAY, 17 SEP 2020
... the Australian private debt market when COVID-19 hit Australian shores. "Superannuation funds have a big benefit versus banks and insurance companies in that they don't have to worry about regulatory capital," Smith said. "The banks have this sweet ...