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Showing 61 - 70 of 417 results for "Big four banks"

Morgan Stanley raises capital for 86 400

ELIZABETH MCARTHUR  |  FRIDAY, 10 MAY 2019
... said the aim is not to build a small, niche bank. "We are genuinely excited about building an alternative to the big four banks but the reality is you have to start somewhere - and [that] for us is transaction accounts, savings accounts and retail mortgages." ...

The state of the banks

ELIZABETH MCARTHUR  |  TUESDAY, 7 MAY 2019
... look to deleverage," Masters said. PwC said the half year results indicate a new era is emerging for Australia's big four banks, as the industry attempts to right past wrongs and is forced to change amid growing external pressure. It indicated the banks ...

Bravura raises $165m for GBST bid

KANIKA SOOD  |  FRIDAY, 3 MAY 2019
... services to life insurers, stock brokers, wealth management businesses and institutions. Its clients include the big four banks, Baillieu Holst, Bell Porter and Morgans. On April 12, Bravura bid $2.50 to acquire all of GBST's shares which would have ...

APRA grants ADI licence to Judo Bank

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 APR 2019
... that's great news for Australians, who have long-deserved better products and services than those offered by the Big Four banks. "86 400's full licence application is progressing well and we look forward to making an announcement of our own in the not-too-distant ...

FSU seeks transparency on CBA job cuts

KARREN VERGARA  |  TUESDAY, 16 APR 2019
... market and our customers will continue to receive the same level of support and industry-leading content." The big four banks and AMP have exited SMSF lending, leaving Macquarie, Bendigo Bank and Bank of Queensland in the market.

Bravura circles competitor

KANIKA SOOD  |  FRIDAY, 12 APR 2019
... services to life insurers, stock brokers, wealth management businesses and institutions. Its clients include the big four banks, Baillieu Holst, Bell Porter and Morgans. The $1.1 billion Bravura is more than eight times GBST's market cap. Bravura's ...

Financial advice exit a boon for the industry: Poll

KARREN VERGARA  |  MONDAY, 8 APR 2019
The big four banks exiting financial advice received a resounding welcome from the industry, according to a new survey. The majority of respondents (62%) polled in Financial Standard's sister publication FS Advice agreed the move will have positive ...

Platforms steady after Royal Commission

KANIKA SOOD  |  TUESDAY, 5 FEB 2019
Platforms at the big four banks, AMP and IOOF can breathe a sigh of relief after the Royal Commission's final report. Commissioner Kenneth Hayne did not recommend either structural separation or wider approved product lists. And this could slow ...

Hayne stops short of dismantling vertical integration

HARRISON WORLEY  |  TUESDAY, 5 FEB 2019
... superannuation and platforms. Responding to the Commissioner's interim report late last year, Australia's big four banks, AMP and Macquarie said Hayne should avoid recommending legislative action disturbing the model which has been widely adopted ...

OPINION: Post RC, where to now for retail super?

ALEX DUNNIN  |  MONDAY, 4 FEB 2019
... declarations and enhanced disclosures to regulators. The exodus of financial advisers from the big six groups (big four banks + AMP + IOOF) should now step up a gear. In just the past two years the share of advisers in boutique non-aligned advice groups ...