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Showing 751 - 760 of 5945 results for "Banks"

CBA ups remediation bill for advice

ELIZA BAVIN  |  THURSDAY, 30 JUL 2020
... million across our aligned advice businesses for the financial year ended 30 June 2020." The additional costs have brought the banks total remediation bill across its advice practices to $834 million, including $698 million in customer refunds and $136 ...

Banking crisis more likely in conflicted countries: IMF

ELIZA BAVIN  |  THURSDAY, 30 JUL 2020
... economic effects of conflict and political instability have been analysed extensively, much less attention has been paid to how banks are affected. In addition, the odds of suffering a banking crisis in the afflicted country, the research found conflicts ...

Banks ordered to reduce dividend payout ratios

KANIKA SOOD  |  WEDNESDAY, 29 JUL 2020
Banks and insurers have been asked to retain at least half of their earnings while deciding dividends until December, after APRA issued revised guidelines. The prudential regulator in April asked banks and insurers to consider deferring dividend decisions ...

Debt vulture crackdown welcome

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 JUL 2020
One of Australia's big banks has cracked down on "debt vultures" - businesses or individuals that claim to assist those struggling with debt but actually rake in big fees. National Australia Bank said it will no longer deal with unlicensed, fee-charging ...

Chief economist update: Gold 2000

BENJAMIN ONG  |  WEDNESDAY, 29 JUL 2020
... faith in the fiat currency is lost, hard commodities, especially gold, provide a safer haven. So much so that even central banks are loading up (or plan to) on gold. After buying 650 metric tonnes of the metal last year, Forbes cites a World Gold Council ...

Westpac announces appointment, departure

ALLY SELBY  |  TUESDAY, 28 JUL 2020
... teams," he said. "He has a proven track record of delivering large-scale transformation programs at major international banks that improve operating and technology performance. "We look forward to Scott leading our technology and operations teams." Collary ...

Citi adds to markets, custody leadership

ELIZABETH MCARTHUR  |  MONDAY, 27 JUL 2020
... market volatility caused by the pandemic." McKerihan joined Salomon Brothers as a salesperson with responsibility for central banks in non-US dollar markets in 1989. She was appointed head of fixed income sales for Asia Pacific in 1999 moving to Hong ...

New class action regulations slammed

ALLY SELBY  |  FRIDAY, 24 JUL 2020
... funding and the regulation of the industry. The regulations could stymie compensation payouts to Australians robbed by big banks, harmed by faulty products, or deceived by corporate boards, Class Actions Australia said. Similarly, during the hearing ...

MSCI shifts to the cloud with Microsoft alliance

ALLY SELBY  |  FRIDAY, 24 JUL 2020
... MSCI's client experience among the world's sophisticated investors, including asset managers and owners, hedge funds and banks by leveraging Microsoft's cloud and AI technologies. The companies will initially focus on migrating its index and analytics ...

BNP Paribas adds to custody team

ELIZA BAVIN  |  THURSDAY, 23 JUL 2020
... Sam Meares as head of banking services operations Australia and New Zealand. Reporting to chief operating officer, David Banks, Meares will be responsible for managing the operations teams of the bank's services to banks and brokers, including custody ...