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Showing 831 - 840 of 2816 results for "Division"

CBA remediation bill crosses $2bn

KANIKA SOOD  |  MONDAY, 13 MAY 2019
Commonwealth Bank has seen $714 million added to its remediation bill, pushing its total to date over $2.17 billion. The third quarter addition was flagged by CBA in company filings this morning. So far, CBA has spent or provisioned $534 million on ...

The state of the banks

ELIZABETH MCARTHUR  |  TUESDAY, 7 MAY 2019
The big accounting firms have released their analysis of the big banks' half year results, noting a continued decline in cash profits for the first half of 2019. The major Australian banks reported a combined cash profit after tax from continuing operations ...

Financial advice drags BTFG results

KARREN VERGARA  |  MONDAY, 6 MAY 2019
... the time its parent company Westpac announced it will realign its wealth strategy and BTFG will cease as a standalone division in March. BTFG said the group's advice business was loss making and after exiting the financial advice industry, it expects ...

Westpac profits down 24%, dividend flat

KANIKA SOOD  |  MONDAY, 6 MAY 2019
... first half. Institutional bank earnings were down 2% over 1H18 to $543 million as financial markets revenue fell, and the division incurred an impairment charge. However, Westpac NZ showed a growth of 4% in its loans and deposits. The division's cash ...

NAB, Nippon lock heads over MLC

KARREN VERGARA  |  THURSDAY, 2 MAY 2019
... suffered a $3.8 billion net outflow as the effect of the banking Royal Commission continues to roil its results. The wealth division, which includes financial advice, asset management and superannuation, recorded a 29.4% decline in cash earnings to $96 ...

ME Bank adds new chair, directors

ELIZABETH MCARTHUR  |  TUESDAY, 30 APR 2019
... director of the World Wide Fund for Nature, Australia. Everingham was previously managing director for SEEK's international division and non-executive director of its education businesses. Prior to his time at SEEK, Everingham was director of strategy ...

ANZ dismisses alleged job cuts

KARREN VERGARA  |  THURSDAY, 18 APR 2019
... yet. Likewise, CBA is under pressure to disclose the extent of its planned job cuts across its branches and technology division, alleged to affect 10,000 employees. The FSU said it understands the bank's plan includes shutting down 300 branches. ...

NAB remediation bill hits $1.1bn

JAMIE WILLIAMSON  |  THURSDAY, 18 APR 2019
... advisers; and adviser service fees charged by NAB Advice Partnerships advisers. In fact, misconduct within its wealth division accounts for 91% of the increased bill while the remainder relates to consumer credit insurance sales and banking matters including ...

FSU seeks transparency on CBA job cuts

KARREN VERGARA  |  TUESDAY, 16 APR 2019
... Commonwealth Bank is under pressure to disclose the extent of its planned job cuts across its branches and technology division, alleged to affect 10,000 employees. The Financial Sector Union said it wrote to CBA chief executive Matt Comyn asking to confirm ...

$1.5bn pulled from Pendal

KARREN VERGARA  |  FRIDAY, 12 APR 2019
... legacy books, which had about $20.5 billion in FUM. The bank announced in March that BTFG will cease to be a standalone division, along with plans to exit salaried and aligned financial advice by September 2019. Within BTFG, Westpac will integrate insurance ...

Editor's Choice

Global X awards mandate for ETF business

ELIZA BAVIN
Global X has awarded a new custody and administration mandate for its Australian ETF business.

Bell Asset Management launches small-caps fund

KARREN VERGARA
Bell Asset Management has formally launched its Australian Small Companies Fund, which is run by former Tyndall Asset Management portfolio managers.

Former Australian Ethical finance chief lands new gig

MATTHEW WAI
The former chief financial officer of the ethical investment manager has joined a local finance company after wrapping up his tenure at AUB Group.

MySuper assets pursue $1.5tn Choice sector

KARREN VERGARA
MySuper assets are fast catching up to the $1.5 trillion Choice sector, hitting nearly $1.2 trillion in the March quarter.

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