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Showing 8531 - 8540 of 17965 results for "Bank"

Top AMP exec leaves to join BT

LAURA MILLAN  |  THURSDAY, 26 JUN 2014
... Financial Group chief executive officer Brad Cooper said that Howes' priority will be to develop products that encourage Westpac bank customers switch their MySuper account to BT. "Across the Westpac Group brands we have eight million Australians who ...

Market wrap PM

AAP  |  WEDNESDAY, 25 JUN 2014
... at $58.98, BHP 32 cents lower at $36.14 and Fortescue Metals dropping 1.5 cents to $4.345. Among the banks, Commonwealth Bank had lost 43 cents at $81.15, National Australia Bank was down 8.5 cents at $32.995, Westpac had declined 18 cents to $33.97 ...

Momentum for mFund service gathering despite uncertainty

MARK SMITH  |  WEDNESDAY, 25 JUN 2014
Equity Trustees has said it is starting to see momentum building for investors to transact through the ASX's mFund Settlement Service. The group says applications for funds provided by two of its clients, PIMCO and Armytage Private Funds, are being ...

Investors should take responsibility for themselves: Medcraft

LAURA MILLAN  |  WEDNESDAY, 25 JUN 2014
... year ago after media reports revealed that the regulator had failed to act against cases of misconduct within Commonwealth Bank's financial planning unit. Speaking at an Australian Institute of Company Directors (AICD) event, Medcraft outlined ASIC's ...

FUM closes in on $2trn

ALEX DUNNIN  |  TUESDAY, 24 JUN 2014
... outstripped by the 17% annual growth in superannuation assets. Cash amounted to $2.1 trillion, made up of $1.9 trillion held in bank deposits plus the $218 billion held in cash by investment managers. The cash weighting across the FUM market is equivalent ...

Banks suspected of pocketing grandfathered commissions

JAMES FERNYHOUGH  |  TUESDAY, 24 JUN 2014
... "have a good look under the bonnet" to ensure that consumers are not paying their grandfathered commissions straight to the bank. "We have asked ASIC to urgently investigate, through a survey of major financial institutions, the extent of 'orphan commissions' ...

Morningstar launches stewardship ratings in Australia

STAFF WRITER  |  TUESDAY, 24 JUN 2014
... meaningful security comparisons, and complements the Morningstar Economic Moat Rating for stocks." Morningstar has assigned ANZ Bank an exemplary stewardship rating, reflecting the bank's "impressive focus on increasing shareholder returns and successful ...

Market wrap AM

AAP  |  TUESDAY, 24 JUN 2014
... activity index in June rose to its highest reading for 2014, at 50.8 - its first time above the 50-mark this year - which the bank said showed the world's second largest economy had turned the corner. The benchmark S&P/ASX200 index was up 33.8 points ...

Good or bad, it's all good

BENJAMIN ONG  |  TUESDAY, 24 JUN 2014
... 51.9 (a seven-month low); and the services measure down to 52.8 (a three-month low). The good news - the European Central Bank's (ECB's) recent policy initiatives should prevent further deterioration in eurozone activity going forward. Though it'll also ...

BNP, US prosecutors near $US9bn settlement

AFP  |  MONDAY, 23 JUN 2014
BNP Paribas has neared a deal with US prosecutors that would see the French bank pay $US8 billion to $US9 billion and accept other punitive measures for violating American sanctions, The Wall Street Journal reports. US regulators and BNP Paribas executives ...