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Showing 7521 - 7530 of 17960 results for "Bank"

India multi asset fund to list on ASX

LAURA MILLAN  |  WEDNESDAY, 27 MAY 2015
India Fund Limited has launched an initial public offering (IPO) with plans to list on the ASX as a listed investment company (LIC). The fund is looking to raise up to $100 million with a minimum subscription of $35 million and has Morgans as its lead ...

Market to open lower

AAP  |  WEDNESDAY, 27 MAY 2015
... the March quarter and the Westpac-Melbourne Institute Leading Indexes of Economic Activity are due out. In Sydney, Reserve Bank of Australia deputy governor Philip Lowe gives a speech the Thomson Reuters' Australian Regulatory Summit. And in equities ...

CBA exec to head Westpac Institutional Bank

LAURA MILLAN  |  TUESDAY, 26 MAY 2015
A top Commonwealth Bank (CBA) executive has been appointed group executive of Westpac Institutional Bank (WIB) following the departure of Rob Whitfield. CBA executive general manager of retail products and third party banking Lyn Cobley will head WIB ...

JP Morgan appoints infrastructure head

ALEX BURKE  |  TUESDAY, 26 MAY 2015
JP Morgan has appointed a new head of energy, infrastructure and utilities, global investment banking, Australia and New Zealand. Andrew Sutherland has held positions at UBS, Credit Suisse, Citigroup and most recently Goldman Sachs's investment banking ...

ANZ enters fast growing ETF market

LAURA MILLAN  |  TUESDAY, 26 MAY 2015
ANZ has become the first of Australia's big banks to enter the exchange traded fund (ETF) market with the launch of six funds in partnership with ETF Securities. The joint venture between both organisations has resulted in a new company called ANZ ETFS ...

UBS hands wealth management business to senior staff

MARK SMITH  |  TUESDAY, 26 MAY 2015
... a comprehensive suite of products, and is in advanced discussions with leading Australian domestic banks to complete the bank product offering. The company is expected to be operational from October 2015. Assets of clients will be custodised with a global ...

Shares higher on US rate outlook

AAP  |  MONDAY, 25 MAY 2015
... for the yield stocks today with the banks, Telstra, Woolworths and Wesfarmers all higher." Among the banks, Commonwealth Bank climbed 87 cents to $83.98, ANZ gained 39 cents to $32.44, Westpac rose 35.5 cents to $32.915, while National Australia Bank ...

Expert issues cyber-attack warning

MARK SMITH  |  MONDAY, 25 MAY 2015
... at their staff and customers. "The values of transactions in this group are typically much higher than an average retail bank customer's transactions. Private banks are highly sensitive to relationship impacts and reputational damage and don't want to ...

NAS renews custody contract with CareSuper

LAURA MILLAN  |  MONDAY, 25 MAY 2015
National Australia Bank Asset Servicing (NAS) has renewed its partnership with $10 billion industry super fund CareSuper, following a tender process. NAS has been CareSuper's custodian since 1998 and executive general manager Matthew Brown said: "We ...

Hard landing in China could trip Australia

LAURA MILLAN  |  MONDAY, 25 MAY 2015
... happens if we get hit by a shock, by a hard landing in China, what are the RBA's exit strategies?" Fenton said that the Reserve Bank of Australia (RBA) might be caught between rock and a hard place if China's growth slows down too fast and the Australian ...