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Showing 8491 - 8500 of 17963 results for "Bank"

Market wrap AM

AAP  |  FRIDAY, 4 JUL 2014
... 17,068.26, while the S&P 500 increased 24.48 points (1.25 per cent) to 1,985.44. Locally, in economic news on Friday, Reserve Bank of Australia head of stability Luci Ellis is scheduled to deliver a speech to the 2014 Economic and Social Outlook Conference ...

YBR Smarter Money returns 5.0% over June quarter

HARRY PAGE  |  THURSDAY, 3 JUL 2014
... investment-grade Australian floating-rate notes. Smarter Money has outperformed its official benchmark, which is the Reserve Bank of Australia (RBA) cash rate plus 1 per cent per annum since its inception in February 2012. YBR chief executive officer ...

Government still mulling response on Senate report

LAURA MILLAN AND AAP  |  THURSDAY, 3 JUL 2014
The government will monitor the implementation of Commonwealth Bank's (CBA) Open Advice Review program announced today while it works on its response to the Senate Economics Committee report. Finance Minister Mathias Cormann said that it was "appropriate ...

FPA calls for industry summit to restore trust in advice

LAURA MILLAN  |  THURSDAY, 3 JUL 2014
... compensation for clients. In order to restore trust and integrity in CBA's advice businesses, the FPA suggested that the bank should support the organisation's ten point plan, as well as ensure that its advisers are part of a professional body and follow ...

Sunsuper prepares for end of super in awards

JAMES FERNYHOUGH  |  THURSDAY, 3 JUL 2014
... reported that, in the event that super is taken out of awards, both BT and Colonial First State intend to use their business bank connections to gain new employers for their MySuper products. When asked whether he was concerned about this apparent distribution ...

Market wrap

AAP  |  THURSDAY, 3 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 ...

CBA opens up compensation review to all advice clients

LAURA MILLAN  |  THURSDAY, 3 JUL 2014
Commonwealth Bank (CBA) will set up a broad remediation program with independent oversight for all customers who received advice between 2003 and 2012. CBA chief executive Ian Narev spoke to the media a week after the Senate Economics Committee issued ...

CBA boss to be grilled on Senate report

AAP  |  THURSDAY, 3 JUL 2014
Commonwealth Bank (CBA) boss Ian Narev will front the media for the first time since a damning report called for a royal commission to investigate its financial advisers. Narev will face a media conference in Sydney at 1045 AEST on Thursday, a week ...

Market wrap AM

AAP  |  THURSDAY, 3 JUL 2014
... private sector added 281,000 jobs in June, surging higher from 179,000 in May. Locally, in economic news on Thursday, Reserve Bank of Australia governor Glenn Stevens is slated to address the Australian Conference of Economists (ACE) and the Econometric ...

Inquiry sees spike in demand for legal action against CBA

LAURA MILLAN  |  WEDNESDAY, 2 JUL 2014
Law firms working to start a class action against Commonwealth Bank's (CBA) financial planning businesses have seen a spike in the number of affected consumers willing to join the legal cause. Maurice Blackburn principal John Berrill and Shine Lawyers ...