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Showing 7671 - 7680 of 17963 results for "Bank"

A fantabulous set of jobs numbers

BENJAMIN ONG  |  FRIDAY, 17 APR 2015
... no more... and then, the boss decides to hire a sidekick. Understandably, this piece of good news in half of the Reserve Bank of Australia's (RBA) dual mandate - employment and inflation - has financial markets re-calibrating their odds for a May interest ...

Market Wrap AM

AAP  |  FRIDAY, 17 APR 2015
... had rebounded on Wednesday as weak Chinese economic growth data stoked Beijing stimulus hopes while the European Central Bank (ECB) pledged to fully implement its stimulus measures. HONG KONG - Asian markets have finished higher on Thursday, with Shanghai ...

ANZ sets up $30m compensation program for advice clients

LAURA MILLAN  |  THURSDAY, 16 APR 2015
... reimburse $30 million to clients of its financial planning business who did not get the annual reviews promised as part of the bank's advice and investment service. About 8,500 Prime Access clients will be reimbursed, ANZ confirmed in a statement. The ...

NAB fined $40m over British bank failings

DARREN SNYDER  |  THURSDAY, 16 APR 2015
National Australia Bank's British bank (Clydesdayle) recently received a record fine nearing $40 million for lying to the United Kingdom's Financial Ombudsman Service as well as adopting inappropriate complaint policies. The UK's Financial Conduct Authority ...

TIAA-CREF opens Sydney office, appoints manager

ALEX BURKE  |  THURSDAY, 16 APR 2015
... investor relations at Nanuk Asset Management. He has also held roles at GE Asset Management, SEB Asset Management, Deutsche Bank and CBA. Commenting on Kleinig's appointment, TIAA-CREF head of business development John Panagakis said: "Andrew brings ...

ASIC investigating false fees in large advice firms

ALEX BURKE  |  THURSDAY, 16 APR 2015
As part of its ongoing Wealth Management Project, ASIC is investigating instances of advice fees being charged without advice in large financial planning firms. Established in October 2014, the Wealth Management Project was designed to specifically ...

Market Wrap AM

AAP  |  THURSDAY, 16 APR 2015
... Dow member ExxonMobil rose 1.7 per cent and Marathon Oil surged 4.4 per cent as US crude prices finished at a 2015 peak. Bank of America fell 1.1 per cent after first-quarter earnings came in below expectations, while Dow member Intel jumped 4.3 per ...

Market wrap

AAP  |  WEDNESDAY, 15 APR 2015
... the banks were lower because investors had already factored in the probability of another interest rate cut by the Reserve Bank of Australia, which would benefit the banks. "Speculators and investors who have been investing in the banks are now thinking ...

Frydenberg sets fuse on Trowbridge time bomb

MARK SMITH  |  WEDNESDAY, 15 APR 2015
... marginalising independent advice firms with up-front commission limits that were too low as that would consequently advantage bank owned firms who could cross-subsidise. "That is the tension that we have to understand because it goes again to competi ...

Ethnic diversity more concerning than pay

LAURA MILLAN  |  WEDNESDAY, 15 APR 2015
Industry executives see the lack of women in senior roles as a critical issue, but think that ethnic diversity is more of a challenge than equal pay, a Women in Banking and Finance (WIFB) survey found. The organisation surveyed about 400 attendees to ...