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Showing 8561 - 8570 of 17965 results for "Bank"

Senate report supportive of government FoFA reforms

LAURA MILLAN  |  TUESDAY, 17 JUN 2014
The Senate Economics Committee has shown broad support of the Coalition's proposed amendments to the Future of Financial Advice (FoFA) law, although it suggested some changes. The Committee made public the conclusions of the Senate inquiry into the ...

Wagging the giant doggie

BENJAMIN ONG  |  TUESDAY, 17 JUN 2014
Tensions continue in Iraq (has it ever gone away?), Russia's building up troops on Ukraine's border (38,000 and counting according to Ukraine) and the IMF has just released fresh forecasts for the US economy (crystal ball now shows growth at a flat ...

Market wrap AM

AAP  |  TUESDAY, 17 JUN 2014
... June share price index futures contract was down seven points at 5,410. Locally, in economic news on Tuesday the Reserve Bank of Australia releases the minutes of its monthly board meeting, while the Australian Bureau of Statistics issues May's new motor ...

Race among the advice giants: MAX

MICHELLE BALTAZAR  |  MONDAY, 16 JUN 2014
AMP, ANZ Wealth and Commonwealth Bank are the formidable trinity of industry consolidators in financial planning, according to the latest mergers and acquisitions report by Rainmaker. Rainmaker Research has collected data on the mergers and acquisitions ...

Senate FoFA conclusions expected today

LAURA MILLAN  |  MONDAY, 16 JUN 2014
... (ASIC). This inquiry was prompted by the regulator's failure to address cases of bad financial advice within Commonwealth Bank's (CBA) financial planning units. The Committee's conclusions and recommendations from the ASIC inquiry are likely to influence ...

CBA names new CIO

ALICE URIBE  |  MONDAY, 16 JUN 2014
A Commonwealth Bank (CBA) planning executive has been promoted to the role of group executive, enterprise services and chief information officer, to replace current CIO Michael Harte. David Whiteing joined the CBA in September 2013 to lead the newly ...

Financial Wisdom to face class action for poor advice

LAURA MILLAN  |  MONDAY, 16 JUN 2014
Commonwealth Bank-owned Financial Wisdom will face a class action started by Shine Lawyers for inappropriate investment advice to more than 3,000 clients. Shine Lawyers confirmed to Financial Standard that the law firm is now collecting evidence to ...

Former Macquarie exec joins IRESS

JAMES FERNYHOUGH  |  MONDAY, 16 JUN 2014
Share market and wealth management systems provider IRESS has appointed Matthew Rady as its new group executive, financial markets. Rady was previously at Macquarie Group, where he was executive director of banking and financial group services. His ...

Market wrap

AAP  |  MONDAY, 16 JUN 2014
... at $57.33 and iron ore miner Fortescue Metals lost nine cents to $3.97. The major banks were down, with National Australia Bank losing 19 cents to $33.02, Commonwealth Bank falling 43 cents to $81.30, ANZ shedding four cents to $33.71 and Westpac dropping ...

Bank ads confusing: research

MARK SMITH  |  MONDAY, 16 JUN 2014
Most Australians find bank advertisements confusing or misleading with very few people understanding the financial content, new research by People's Choice Credit Union reveals. The survey of 1520 people conducted by the Ehrenberg-Bass Marketing Institute ...