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Showing 8321 - 8330 of 17963 results for "Bank"

Cap market efficiency plummets

ALEX DUNNIN  |  WEDNESDAY, 20 AUG 2014
... System Efficiency. This inwardly focused role of Australia's financial system is further illustrated by the structure of bank lending. ISA noted that in 1990 residential loans accounted for 15% of bank assets but by 2013 this ratio had increased two ...

Consumers ask banks to disclose brand ownership

LAURA MILLAN  |  WEDNESDAY, 20 AUG 2014
... was used to trick customers about ownership, while only 30% of people saw it as fair. Over 40% thought that having multiple bank brands is about restricting customer choice of providers. "Multi-branding is simply unfair because it creates artificial ...

Goldilocks is back in town

BENJAMIN ONG  |  WEDNESDAY, 20 AUG 2014
Toto, I've a feeling we're back in Goldilocksville. Now that the headlines have grown tired of counting and recounting of lives lost - and collateral damages - the US/EU-Russia tits-for-tats, the "humanitarian" trucks toing and froing through the Ukrainian ...

Market Wrap AM

AAP  |  WEDNESDAY, 20 AUG 2014
... Tuesday night fell $US1.93 to $US94.48 per barrel and the spot price of gold was down $US3.82 to $US1,295.38. Locally, Reserve Bank of Australia governor Glenn Stevens will give testimony to the House of Representatives economics committee. And there ...

Greens slam CBA executives pay rise

LAURA MILLAN  |  TUESDAY, 19 AUG 2014
Top Commonwealth Bank (CBA) executives should have frozen their salaries or even taken a pay cut while the compensation process for thousands of victims of poor financial advice remains ongoing, Greens Senator Peter Wish-Wilson said. "It is not a good ...

Ditch retail prospectuses in some cases, say leading lawyers

ALEX DUNNIN  |  TUESDAY, 19 AUG 2014
... investors' access to high quality information and advisers. Responding to this, Anatoly Kirievsky, head of compliance at Bank of America, said: "Do we need a 'safe harbour' provision where providers can offer basic product information at low compliance ...

NAB quarterly profit up 7%

LAURA MILLAN  |  TUESDAY, 19 AUG 2014
National Australia Bank (NAB) has lifted its cash profit 7% to $1.6 billion during the June quarter. The cash profit is up from $1.5 billion for the same period last year, while net profit -which includes one-off items- was of $1.7 billion, unchanged ...

Market wrap

AAP  |  TUESDAY, 19 AUG 2014
... supportive," he said. Mr McCarthy said the gains on the ASX were particularly impressive, given the drag from the Commonwealth Bank of Australia, which started trading ex-dividend. CBA shares were down $1.85, or more than two per cent, to $79.55. The ...

Market Wrap AM

AAP  |  MONDAY, 18 AUG 2014
The share market is flat as disappointing earnings from National Australia Bank and gold miner Newcrest offset gains in the retail and energy sectors. "Corporate results have dominated the early morning headlines," CMC Markets sales trader Niall King ...

Maurice Blackburn mulls class action against Macquarie

LAURA MILLAN  |  MONDAY, 18 AUG 2014
... problems that the Senate inquiry into the Australian Securities and Investments Commission (ASIC) identified in Commonwealth Bank's (CBA) compensation of financial advice clients. "This scheme poses the same problems: there is no reference to handing ...