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Showing 7961 - 7970 of 17963 results for "Bank"

Market wrap PM

AAP  |  TUESDAY, 9 DEC 2014
... $56.05 and Fortescue had fallen 10 cents to $2.55. Among the big banks, ANZ had lost 36.5 cents to $32.03, National Australia Bank had lost 13 cents to $32.84, Westpac was down 20 cents at $33.16 and Commonwealth Bank was two cents weaker at $82.37. ...

MetLife US proactive lobbying lesson for Aust

ALEX DUNNIN  |  TUESDAY, 9 DEC 2014
... Strategically Important Financial Institution (SIFI) requiring extra prudential supervision. "[But] subjecting insurance companies to bank-centric capital rules would lead to higher prices for consumers and could force Fed-regulated insurance companies ...

Vertical integration not important anymore: Murray

LAURA MILLAN  |  TUESDAY, 9 DEC 2014
Vertical integration may prove to be a non-issue if both financial product manufacturers and distributors work with the consumers' best interest in mind, Financial System Inquiry (FSI) chairman David Murray said. "The same obligations are on everybody ...

Market Wrap AM

AAP  |  TUESDAY, 9 DEC 2014
... review of its Labour Force figures. Meanwhile, the ANZ-Roy Morgan weekly consumer confidence survey and the National Australia Bank's business survey for November are due out. No major equities news is expected. In Australia, the market on Monday closed ...

SPAA "disappointed" by the FSI's SMSF borrowing recommendations

ALICE URIBE  |  MONDAY, 8 DEC 2014
The SMSF Professionals Association of Australia (SPAA) has rejected the Financial System Inquiry's (FSI) recommendation that the government reinstate the prohibition on direct borrowing for limited recourse borrowing arrangements (LRBAs) by superannuation ...

Share market rallies on Murray report

AAP  |  MONDAY, 8 DEC 2014
... banks hold more capital. Shares in the major banks and the small regional players are firmer, a day after former Commonwealth Bank boss David Murray's final report was released by Treasurer Joe Hockey. But Mr Murray's report was vague about the levels ...

Australia's insatiable online appetite

ALEX DUNNIN  |  MONDAY, 8 DEC 2014
The appetite of Australian consumers for internet and online services is increasing at ever faster rates, with huge implications for wealth managers and those battling to stay competitive. The Australian Communications and Media Authority (ACMA) released ...

Market Wrap AM

AAP  |  MONDAY, 8 DEC 2014
... markets mostly rose, with the US dollar again breaking 120 yen while the euro held on to gains after the European Central Bank shied away from fresh stimulus measures. Tokyo rose 0.19 per cent, or 33.24 points, extending their winning streak for a sixth ...

Make financial firms more accountable for products: FSI

ALICE URIBE  |  SUNDAY, 7 DEC 2014
... final report of the Financial System Inquiry (FSI) that was handed down today. The inquiry headed up by former Commonwealth Bank chief executive David Murray recommended that "product issuers and distributors should take responsibility for the design ...

Murray's FSI: consumers win round one

ALEX DUNNIN  |  SUNDAY, 7 DEC 2014
... placed in the right investment pathways; so much for the view that Murray would protect his previous employer the Commonwealth Bank. For a wealth management sector that has for the last four years tied itself in knots over how to implement best interests ...