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Showing 7511 - 7520 of 17960 results for "Bank"

CBA compensation payments total $79,702 so far

LAURA MILLAN  |  FRIDAY, 29 MAY 2015
The Commonwealth Bank (CBA) Open Advice Review program has paid $79,702 to five clients who received bad advice from the bank's financial planners, while most clients are still reviewing the compensation proposal. Independent expert for the compensation ...

Executive appointment round-up

STAFF WRITER  |  FRIDAY, 29 MAY 2015
... Mary Murphy has been promoted to the newly-created position of chief digital officer. CBA exec to head Westpac Institutional Bank - CBA executive general manager of retail products and third party banking Lyn Cobley has been appointed to head Westpac's ...

The recesssion we longed to have

BENJAMIN ONG  |  FRIDAY, 29 MAY 2015
... and that would either be by increasing domestic demand or by weakening its own currency... it's important that the central bank be allowed to use interest rates and monetary policy to achieve its macroeconomic objectives". The fact is that the RBA just ...

Market set for a fairly flat open

AAP  |  FRIDAY, 29 MAY 2015
... ministers from the Group of Seven nations in Germany. Locally on Friday, HIA releases its new home sales and the Reserve Bank releases private sector credit data. In Australia, the market on Thursday closed lower after the release of worse than expected ...

Shares lower at lunch time

AAP  |  THURSDAY, 28 MAY 2015
... figures, which should also be beneficial for the equities market. Among the big four banks at 1200 AEST, the Commonwealth Bank was down 72 cents at $83.41, ANZ had lifted 15 cents to $32.67, National Australia Bank eased 20 cents to $33.36, and Westpac ...

FoFA among top 20 global regulatory nightmares

LAURA MILLAN  |  THURSDAY, 28 MAY 2015
... the Basel III rules that will require banks to hold more capital, or the Volcker Rule in the United States that limits the bank's relationships with hedge funds and private equity funds to prevent them from making speculative investments. The US Dodd-Frank ...

Market Wrap AM

AAP  |  THURSDAY, 28 MAY 2015
... Greece's debt drama, while airlines group IAG neared its takeover of Irish rival Aer Lingus. Finance ministers and central bank governors of the Group of Seven (G7) wealthiest nations are meeting in Dresden to discuss the global economy and financial ...

BlackRock hires mark entry to fundamental equities

STAFF WRITER  |  WEDNESDAY, 27 MAY 2015
BlackRock has expanded into fundamental Australian equities with the appointment of two senior investment professionals. Charlie Lanchester and Madeleine Beaumont join as head of Australian fundamental equities, and as senior portfolio manager, Australian ...

Mandatory qualifications will lead to adviser exodus

ALEX BURKE  |  WEDNESDAY, 27 MAY 2015
Enforcing minimum qualifications for financial advisers will lead to many leaving the industry, according to Connect Financial Services Brokers chief executive Paul Tynan. Speaking to Financial Standard, Tynan pointed to the results of introducing minimum ...

Market lower in broad sell-off

AAP  |  WEDNESDAY, 27 MAY 2015
... speculation that two major Chinese companies may be considering investing in the iron ore player. Among the banks, Commonwealth Bank was 29 cents lower at $84.35, ANZ had edged up one cent to $32.70, Westpac had eased eight cents to $33.57, and National ...