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Showing 8341 - 8350 of 17963 results for "Bank"

Suncorp CEO rewarded for profit growth

AAP  |  THURSDAY, 14 AUG 2014
... in the current financial year, as it moves on from years of troubles in its banking business due to failed loans. Suncorp bank made a profit of $228 million in 2013/14, up from a loss of $343 million a year earlier. The group's main earner is its insurance ...

Market wrap

AAP  |  THURSDAY, 14 AUG 2014
... as Westpac rose 12 cents to $33.84, NAB added seven cents to $34.39 and ANZ put on three cents to $32.77. But Commonwealth Bank bucked the trend and fell four cents to $80.92. Optus' parent company Singapore Telecommunications rose one cent to $3.36 ...

Market Wrap AM

AAP  |  THURSDAY, 14 AUG 2014
... Thursday, the September share price index futures contract was up 25 points at 5,483. In local economic news on Thursday, Reserve Bank of Australia senior manager of payments policy department Jenny Hancock attends Risk Australia Conference in Sydney. ...

Because I'm happy

BENJAMIN ONG  |  THURSDAY, 14 AUG 2014
... the June quarter. No worries, this is better than market expectations for a 7.0% contraction. No worries, PM Abe and the Bank of Japan (BOJ) factored in this give back after the growth spurt in the March quarter (up 6.1% annualised) before they went ...

SMA operators to become a sector in their own right

LAURA MILLAN  |  WEDNESDAY, 13 AUG 2014
Separately managed accounts (SMA) operators are poised for strong growth over the coming years and are likely to become a sector in their own right, Lonsec research shows. The research house has looked at five SMA platforms in Australia and has assigned ...

CBA posts record profit, strong wealth management growth

LAURA MILLAN  |  WEDNESDAY, 13 AUG 2014
Commonwealth Bank (CBA) has reported an $8.6 billion net profit after tax for the year ended June 30, 2014, up 12% from last year. The group registered strong growth in its wealth management division, with average funds under administration (excluding) ...

Market wrap

AAP  |  WEDNESDAY, 13 AUG 2014
The local share market has opened lower despite a record profit from Australia's biggest bank. The Commonwealth Bank announced a $8.68 billion full year cash profit on Wednesday, up 12 per cent on the year before. But, the profit wasn't enough to lift ...

UBS Dynamic Alpha Strategy wins large insto mandate

MARK SMITH  |  WEDNESDAY, 13 AUG 2014
... through active asset and currency allocation, and this strategy has delivered a 5.74% gross return per annum above the UBS Bank bill index, over the last five years. This has been achieved with around half the volatility of equity markets over that p ...

New report stokes 'Compare the Pair' flames

MARK SMITH  |  WEDNESDAY, 13 AUG 2014
... said. His comments come as the industry and government are deliberating the appropriateness of the modern awards system, with bank-owned funds claiming the system for selecting default funds stifles competition. "Bank-owned super funds are seeking to ...

MyState appoints GM from Westpac

STAFF WRITER  |  WEDNESDAY, 13 AUG 2014
Banking and wealth management group MyState Limited has appointed a new general manager of sales and distribution. Huw Bough will drive MyState Limited's sales and distribution strategy across MyState Limited's retail banking brands, The Rock and MyState ...