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Showing 61 - 70 of 199 results for "Business Bank"

APRA grants ADI licence to Judo Bank

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 APR 2019
... have passed this well-deserved milestone. It's great to see more choice for businesses in Australia with a new business bank." Another new institution awaiting a full ADI licence is 86 400. Robert Bell, chief executive of 86 400 and former chief ...

Wealth heavyweights join FSC board

HARRISON WORLEY  |  THURSDAY, 4 APR 2019
Some big names in wealth management have joined the board of the Financial Services Council, including from AMP and Challenger. AMP chief executive, wealth management Alex Wade, Challenger chief financial officer Andrew Tobin and Jason Yetton - who ...

Remediation to hit Westpac earnings

HARRISON WORLEY  |  MONDAY, 25 MAR 2019
Westpac's cash earnings in the first half of the year will be hit by $260 million in remediation payments. The bank today confirmed the amount could still rise, with the $260 million provision not yet inclusive of any allowance for refunds to customers ...

Westpac exits personal advice, restructures leadership

JAMIE WILLIAMSON  |  TUESDAY, 19 MAR 2019
... will be retained across super, platform and insurance offerings. The new consumer division will be led by current business bank chief executive David Lindberg. General manager of commercial banking Alastair Welsh will act in the role of chief executive ...

Stamford Capital expands into Victoria

KANIKA SOOD  |  TUESDAY, 26 FEB 2019
The nine-year-old firm has opened a Melbourne office with a new director, as it scours Victoria for new commercial debt deals and high-net-worth and family office investors. Stamford Capital currently transacts capital from about 400 sophisticated investors ...

Don't fear credit crunch: Deloitte

JAMIE WILLIAMSON  |  MONDAY, 11 FEB 2019
Financial advisers with clients working towards purchasing their first property or starting their own business need not be too concerned with tightened lending policies post-Royal Commission. Speaking at the Financial Standard Chief Economists Forum ...

CBA and Alipay to bring in Chinese shoppers

KANIKA SOOD  |  THURSDAY, 20 DEC 2018
Commonwealth Bank has started accepting Alipay on its EFTPOS devices in a bid to attract Chinese shoppers who last year spent $10.9 billion in Australia. This makes CBA the first of the big four banks to accept Alipay in Australia, ahead of NAB which ...

ANZ Australia head to depart

JAMIE WILLIAMSON  |  FRIDAY, 14 DEC 2018
ANZ's group executive for Australia is stepping down and taking an extended career break to spend time with family. Fred Ohlsson has announced he will be returning to his native Sweden following 17 years' at the bank. Current group executive, business ...

Increase adviser standards sector-wide: FSU

JAMIE WILLIAMSON  |  FRIDAY, 23 NOV 2018
The new professional standards imposed on financial advisers should be rolled out across the entire financial services sector. That is the view of the Finance Sector Union which said a process of professionalisation should extend to other occupations ...

Industry fund adds chief risk role

JAMIE WILLIAMSON  |  TUESDAY, 13 NOV 2018
A $21 billion industry superannuation fund boosted its leadership team, welcoming its first chief risk officer and an executive manager of people experience. VicSuper has appointed Martin Vassallo to the newly created role of chief risk officer. He ...