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| | | ... $64.20 and Fortescue Metals one cent lower at $2.44. Most other sectors were higher, including the banks, with Commonwealth Bank up 52 cents at $90.73, National Australia Bank up 26 cents at $37.74, ANZ up 24.5 cents at $35.055, and Westpac was 23 cents ... |
| | | | ... weight is leaning now towards a Royal Commission," following revelations by Fairfax that ASIC allowed National Australia Bank (NAB) to alter a media release about a "system error" in NAB Wealth's Navigator platform that affected thousands of customers. ... |
| | | | Wilson HTM Securities will be sold to a combination of existing staff, Deutsche Bank and Craigs Investment Partners before the year is out. Under the proposed deal, Wilson HTM Investment Group (WIG) will transfer its shareholdings in the Securities ... |
| | | | ... Sydney-based global equity manager PM Capital, and it has a 96% net equity exposure. The fund's top five holdings are Lloyds Bank (UK), ING Group (Netherlands), Pfizer (US), Barclays Plc (UK) and Google Inc (US). "The basic framework we employ at PM ... |
| | | | ... NAB's internal processes. Hagger responded that NAB has paid between $10 and $15 million in compensation to clients where the bank "didn't get it right the first time." "We have over 1.7 million customers and clearly we want our customers to get the ... |
| | | | ... of the global financial crisis and that the firm has been involved in major cases such as the ones affecting Commonwealth Bank and Macquarie Private Wealth clients. But he noted that inquiries are coming from all sides of the spectrum, with clients from ... |
| | | | NAB Asset Servicing (NAS) executive general manager has departed the custody business to pursue a portfolio career. Christine Bartlett was appointed to the role in late 2012 and prior to that she had been leading NAB's IT transformation program since ... |
| | | | Earlier this month, the Reserve Bank of Australia (RBA) released its Statement on Monetary Policy, detailing the reasons for the why and the wherefore it decided to cut the official cash rate by 25 basis points to a record low 2.25%. "...over recent ... |
| | | | The proliferation of news and market information in the always connected digital age is doing little to improve performance for most investors, according to AMP head of investment strategy and chief economist Shane Oliver. Shedding light on the amount ... |
| | | | ... cents to $6.04. The banks had fallen since a positive start to trade, with ANZ down 15 cents at $34.98, National Australia Bank down nine cents at $37.67, Westpac one cent weaker at $37.99 and Commonwealth Bank up 3.5 cents at $90.745. BHP was down 39.5 ... |
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