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| | | ... additions. It ended September with 254 current advisers, after 101 new registrations and 39 ceasings in the period. The big four banks saw the most adviser registrations cease: AMP Financial Planning (376), National Australia Bank (375), Commonwealth ... |
| | | | ... Southern District of New York. The bank bill swap rate (BBSW) class action claimed that Westpac together with a number of banks like NAB and ANZ conspired to fix the prices of BBSW-based derivatives. The settlement is subject to negotiation, execution ... |
| | | | ... the results for ANZ shareholders. "Overall the result is reflective of an extraordinarily challenging period for the big banks, however ANZ should be praised for maintaining a strong capital position which has enabled it to return shareholders around ... |
| | | | ... Saunders left for Regal as well, joining as the boutique's head of wholesale and family office, including the private banks. |
| | | | ... bad ideas was physical bank branches, as the ARK researchers think consumer banking will shift to digital and mobile and banks that have invested too much in physical locations could be set to lose out. Digital-only banks are poised to take market share ... |
| | | | ... Hodgman, former premier of Tasmania, has been appointed chair. The federal government will work alongside participating banks through the fund to ensure small and medium-sized businesses have access to equity finance during the economic recovery from ... |
| | | | ... 83% of ASX200 energy companies, up from 36% in 2018, 50% of utilities up from 25%, 83% of transport up from 50% and 71% of banks up from 29%. Of the 60 companies that reported against the TCFD, 32 did scenario analysis (up from 18) with the common scenario ... |
| | | | ... implemented by APRA over the last few years, including increased liquidity restrictions, have accelerated the recognition of non-banks as viable market lenders. The subsequent outbreak of COVID-19 has placed further constraints on traditional lenders," ... |
| | | | ... might not be helping the affordability problem. "My feeling is that as an industry the dynamics are changing. We've got the banks out of wealth... We've got two institutions in AMP and IOOF left," he said. While Whereat acknowledged that the big banks ... |
| | | | ... these changes," Zuber added. It comes as Finbold research reveals Westpac ranks third among the biggest fines paid by global banks so far this year. The $1.3 billion it paid over its record-breaking deal with AUSTRAC places it just behind Goldman Sachs ... |
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