Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 871 - 880 of 2859 results for "Division"

Hard times ahead for platforms

KANIKA SOOD  |  THURSDAY, 23 MAY 2019
New research by UBS found wealth management giants could lose more than 30% of their platform profits even if they undertake "radical cost surgery". The big players' funds under administration have been plagued by leakage to independent platforms, retail ...

Insurtech Australia names new chief

KARREN VERGARA  |  TUESDAY, 14 MAY 2019
... are extremely excited to have Rita step up to lead Insurtech Australia into 2020 and beyond." Insurtech Australia is a division of Fintech Australia. Stone & Chalk is one of Insurtech's founding partners.

EQT names local head of fund services

KARREN VERGARA  |  MONDAY, 13 MAY 2019
Equity Trustees appointed a new head of fund services for Australia as it readies the division for the offshore market. Russell Beasley was promoted to the role after spending more than four years as general manager of fund services. Beasley joined ...

CBA remediation bill crosses $2bn

KANIKA SOOD  |  MONDAY, 13 MAY 2019
Commonwealth Bank has seen $714 million added to its remediation bill, pushing its total to date over $2.17 billion. The third quarter addition was flagged by CBA in company filings this morning. So far, CBA has spent or provisioned $534 million on ...

The state of the banks

ELIZABETH MCARTHUR  |  TUESDAY, 7 MAY 2019
The big accounting firms have released their analysis of the big banks' half year results, noting a continued decline in cash profits for the first half of 2019. The major Australian banks reported a combined cash profit after tax from continuing operations ...

Financial advice drags BTFG results

KARREN VERGARA  |  MONDAY, 6 MAY 2019
... the time its parent company Westpac announced it will realign its wealth strategy and BTFG will cease as a standalone division in March. BTFG said the group's advice business was loss making and after exiting the financial advice industry, it expects ...

Westpac profits down 24%, dividend flat

KANIKA SOOD  |  MONDAY, 6 MAY 2019
... first half. Institutional bank earnings were down 2% over 1H18 to $543 million as financial markets revenue fell, and the division incurred an impairment charge. However, Westpac NZ showed a growth of 4% in its loans and deposits. The division's cash ...

NAB, Nippon lock heads over MLC

KARREN VERGARA  |  THURSDAY, 2 MAY 2019
... suffered a $3.8 billion net outflow as the effect of the banking Royal Commission continues to roil its results. The wealth division, which includes financial advice, asset management and superannuation, recorded a 29.4% decline in cash earnings to $96 ...

ME Bank adds new chair, directors

ELIZABETH MCARTHUR  |  TUESDAY, 30 APR 2019
... director of the World Wide Fund for Nature, Australia. Everingham was previously managing director for SEEK's international division and non-executive director of its education businesses. Prior to his time at SEEK, Everingham was director of strategy ...

ANZ dismisses alleged job cuts

KARREN VERGARA  |  THURSDAY, 18 APR 2019
... yet. Likewise, CBA is under pressure to disclose the extent of its planned job cuts across its branches and technology division, alleged to affect 10,000 employees. The FSU said it understands the bank's plan includes shutting down 300 branches. ...