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Showing 8481 - 8490 of 17963 results for "Bank"

EQT completes ANZ Trustees acquisition

STAFF WRITER  |  MONDAY, 7 JUL 2014
Equity Trustees (EQT) has completed the acquisition of ANZ Trustees for $150 million, which has boosted ET's total funds under management to $40 billion. As part of the agreement, EQT and ANZ have entered into a strategic relationship for five years ...

ISA FoFA report sparks industry outrage

LAURA MILLAN  |  MONDAY, 7 JUL 2014
... Association (ABA) said that ISA has misrepresented the banking industry around the FoFA reforms. "ISA is clearly running an anti-bank campaign which aims to scare consumers with misconceptions about bank practices and misinterpretations about the law. ...

Governor Glenn lets his jaw drop

BENJAMIN ONG  |  MONDAY, 7 JUL 2014
Reserve Bank of Australia (RBA) Governor Glenn Stevens was in Tasmania letting it all rip at the same time that most of us were co-celebrating Dow 17K with our American brethrens on 'Independence Day' eve. On 3 July, Governor Glenn spoke before 'The ...

CBA reaction too slow, too little, too late

LAURA MILLAN  |  FRIDAY, 4 JUL 2014
Commonwealth Bank's initiative to set up a program to review financial advice given to its clients from 2003 to 2012 has been slammed by several stakeholders for being too slow, too little and too late. Speaking at a Melbourne Institute event yesterday ...

CBA's Narev leaves key questions unanswered

LAURA MILLAN  |  FRIDAY, 4 JUL 2014
Commonwealth Bank (CBA) chief executive Ian Narev's main message during yesterday's address to the media was that the bank has switched to "a spirit of openness," but he left a number of key questions unanswered. "Over the past few weeks perhaps the ...

FEATURE: In search of the missing asset class

MARK SMITH  |  FRIDAY, 4 JUL 2014
... the long term, be the best returning asset class. However, at this point in the cycle, with interest rates at record lows, bank stocks arguably over-valued and concerns over the future of the mining sector, there are doubts over whether the performance ...

Citi develops white label banking for industry funds

JAMES FERNYHOUGH  |  FRIDAY, 4 JUL 2014
... the service would allow members to combine their banking and superannuation in one place. This is something currently only bank-owned retail super funds can offer. David Edwards, head of sales and client engagement at Citi's custody business, told Financial ...

Nikko AM to launch Singapore's first Chinese onshore bond fund

MARK SMITH  |  FRIDAY, 4 JUL 2014
... bond for retail investors in Singapore in mid-July. The Chinese Onshore Bond Fund is being launched in partnership with the Bank of China and DBS Bank. It provides Singapore domiciled investors with direct access to China onshore bonds, which are not ...

Market wrap

AAP  |  FRIDAY, 4 JUL 2014
... releases on Thursday, including monthly building approvals and retail trade figures and more. For the banks, National Australia Bank added 10 cents to $33.28, ANZ had gained 15 cents to $33.54, Westpac rose by 18 cents to $34.05 and Commonwealth Bank ...

Independence Day for the US economy

BENJAMIN ONG  |  FRIDAY, 4 JUL 2014
... 6.1% from 6.3% in May - suggest that Uncle Sam's country could now grow unaided. Uh-oh, looks like I owe Federal Reserve Bank of St. Louis President James Bullard an apology - big time! He might be correct after all and I'll have to put the letters "W" ...