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Showing 8781 - 8790 of 17965 results for "Bank"

Investec to sell local professional banking arm

MARK SMITH  |  FRIDAY, 11 APR 2014
Investec will offload its Australian professional banking division to Bank of Queensland for $440 million. The jettisoned professional finance division includes Investec's deposits business, and its asset finance and leasing businesses in Australia. ...

FEATURE: The alpha hunters

JAMES FERNYHOUGH  |  FRIDAY, 11 APR 2014
At a glance, Australia's homogenous 'banks-and-resources' share market does not look like the most promising alpha hunting ground. But according to some of Australia's leading boutique fund managers, appearances can be deceiving. James Fernyhough reports. ...

Dumping dear momos

BENJAMIN ONG  |  FRIDAY, 11 APR 2014
... while no one could argue against the "new techs" rich valuation, that of the broader S&P 500 index is not.A According to the Bank Credit Analyst, it's trading at 15.6 times calendar 2014 earnings.A This compares with a long-term average of 16.3 times. ...

Market Wrap AM

AAP  |  FRIDAY, 11 APR 2014
... economic news on Thursday, the Australian Bureau of Statistics releases February lending finance figures. In equities news, the Bank of Queensland is expected to post first half results. In Australia, the market on Thursday was driven higher by financial ...

EQT to buy ANZ Trustees for $150m

MARK SMITH  |  THURSDAY, 10 APR 2014
... said the gain from the sale is expected to be invested in a range of specific growth and efficiency initiatives across the bank. ANZ chief executive of global wealth Joyce Phillips confirmed ANZ would retain its philanthropic advice, estate planning ...

Market Wrap

AAP  |  THURSDAY, 10 APR 2014
... 1200 AEST among the major banks, ANZ had added 24 cents to $34.10, Westpac had found 28 cents at $34.98, National Australia Bank had climbed 24.5 cents to $35.645, and Commonwealth Bank had jumped 30 cents to $77.79. In the resources sector, global miner ...

CBA promoted Nguyen to keep him away from clients

LAURA MILLAN  |  THURSDAY, 10 APR 2014
... inquiry into the performance of the Australian Securities and Investments Commission (ASIC) has heard that the Commonwealth Bank (CBA) promoted financial planner Don Nguyen, despite allegations of fraud. Speaking at the inquiry Commonwealth Bank (CBA) ...

Could MySuper free-for-all lead to illegal inducements?

JAMES FERNYHOUGH  |  THURSDAY, 10 APR 2014
... altogether, meaning employers will be free to choose any MySuper product as their default fund. Both Westpac and Commonwealth Bank of Australia have stated that in a post-awards environment, they will use their business bank network to reach potential ...

Australian budget to blow

BENJAMIN ONG  |  THURSDAY, 10 APR 2014
Minute to win it!... or rather the minutes of the Fed's 18-19 March FOMC meeting win it for Wall Street. The S&P 500 and the Dow jumped by 1.1% and yesterday's hated Nasdaq is now loved again, up 1.7%. But this was - more or less - how we saw it when ...

Market wrap AM

AAP  |  THURSDAY, 10 APR 2014
... the June share price index futures contract was up 42 points at 5,506. The Fed minutes, as expected, showed the US central bank anticipates continuing its steady stimulus cutback but that there is no groundswell of powerbrokers who supported a speedy ...