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Showing 8521 - 8530 of 17965 results for "Bank"

Government plays down support for royal commission

JAMES FERNYHOUGH  |  FRIDAY, 27 JUN 2014
... it may be unwilling to consider the Senate Committee's recommendation that there be a royal commission into Commonwealth Bank of Australia (CBA). Prime Minister Tony Abbott said the government would "carefully consider" the parliamentary committee report. ...

CBA apologies again, refutes reckless culture accusations

LAURA MILLAN  |  FRIDAY, 27 JUN 2014
Commonwealth Bank has apologised again for the misconduct of its financial advisers that resulted in clients losing millions in retirement savings and has refuted accusations that its sales-based culture was "reckless." The bank has issued a statement ...

James knows when

BENJAMIN ONG  |  FRIDAY, 27 JUN 2014
... lift interest rates soon - that is, sooner than everyone in the planet expects. Bullard of bull (dropping?). Federal Reserve Bank of St. Louis President James Bullard said so in his interview with Fox Business News. Read his lips: The market and even ...

Market wrap AM

AAP  |  FRIDAY, 27 JUN 2014
... US economic activity, rose a mere 0.2 per cent in May after a flat April. Locally, in economic news on Friday, the Reserve Bank of Australia's Assistant Governor (Economic) Christopher Kent, and Deputy Head of Economic Analysis David Orsmond are due ...

Senate inquiry reccommends Royal Commission into CBA

LAURA MILLAN  |  THURSDAY, 26 JUN 2014
... in the form of a judicial inquiry or a Royal Commission to examine the cases of adviser misconduct within the Commonwealth Bank financial planning businesses. This is one of the 61 recommendations that the Economics Committee has outlined in a 553-page ...

Market wrap

AAP  |  THURSDAY, 26 JUN 2014
... from the NSW government. The major banks were also higher, with Westpac gaining 46.5 cents to $34.295, National Australia Bank lifting 27 cents to $33.07, Commonwealth Bank adding 48 cents to $81.50 and ANZ 24 cents higher at $33.66. Among the miners ...

YBR Smarter Money receives rating upgrade

MARK SMITH  |  THURSDAY, 26 JUN 2014
Yellow Brick Road's floating rate fixed income fund, YBR Smarter Money, has been upgraded to "Highly Recommended" by independent asset-consulting firm, Atchison Consultants. Since its launch over two years ago, Smarter Money has returned 5.9% annually ...

Credit Suisse named best UHNW bank in Australia

MARK SMITH  |  THURSDAY, 26 JUN 2014
... consistently recognized for our relentless efforts to support our clients - irrespective of market conditions." Westpac Private Bank took the gong for outstanding institution for its service for $10 million to $50 million clients while Commonwealth Private ...

NAB appoints IPAC Securities co-founder to board

LAURA MILLAN  |  THURSDAY, 26 JUN 2014
National Australia Bank (NAB) has appointed a co-founder of IPAC Securities as a non-executive director of the board. Peeyush Gupta is currently a non-executive director of NAB subsidiary National Wealth Management Holdings, and will start on the new ...

Bank cross-sell growing but slowly

ALEX DUNNIN  |  THURSDAY, 26 JUN 2014
... account for about 20% and other financial institutions 25%. Morris said the reasons for the relatively slow improvement in bank customer wallet share were "lack of incentive for customers to consolidate, competition from specialists providers such as ...