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Showing 871 - 880 of 2706 results for "NAB"

CYBG revises Virgin Money offer

KARREN VERGARA  |  TUESDAY, 5 JUN 2018
... the entire ordinary share capital of Virgin Money at an exchange ratio of 1.2125. CYBG, the banking group formerly owned by NAB, initially proposed 1.1297 new CYBG shares for each Virgin Money share and upon completion Virgin Money shareholders will ...

Members abandon bank-aligned group insurers

KARREN VERGARA  |  TUESDAY, 5 JUN 2018
... Group agreed to buy 100% of CBA's Australian and New Zealand life insurance businesses for $3.8 billion. In early May, NAB announced to exit the majority of its wealth management operations, including divestment of Australia's largest retail ...

Findex launches debt advisory business

ALEX BURKE  |  MONDAY, 4 JUN 2018
... business. At St George, Ben Upton was industry lead for emerging markets, having been a senior business banking manager at NAB prior to that. Commenting on his new role, he said: "The opportunity to join Crowe Horwath is exciting, my dealings with the ...

Outlook darkens for bank stocks

KANIKA SOOD  |  THURSDAY, 31 MAY 2018
... UBS has cut the 12-month rating for Westpac to sell from neutral since its last credit crunch report in March. Westpac joins NAB and Bank of Queensland which also currently have a sell rating from the investment bank. ANZ and CBA are neutral while Macquarie ...

Chief economist update: Should have sold in May and gone away

BENJAMIN ONG  |  TUESDAY, 29 MAY 2018
... Australian domestic fundamentals, while not strong, are decent enough to push corporate profits higher. This is underscored by the NAB business survey released in early May that showed business confidence rose by two points to a reading of +10 in April ...

New Government body to advance financial literacy

JAMIE WILLIAMSON  |  MONDAY, 28 MAY 2018
... not-for-profit public company, the new body will manage and distribute the $40 million in community benefit payments made by ANZ and NAB as part of the settlement agreements with ASIC, resulting from the manipulation of the bank bill swap rate (BBSW). ...

Westpac off the hook in BBSW scandal

KANIKA SOOD  |  FRIDAY, 25 MAY 2018
... occasions and its policies and systems were inadequate for monitoring staff trading and communication to prevent the situation. NAB and ANZ faced $10 million penalties from the Court in November, 2017. Both also paid $20 million each to ASIC to cover ...

$900bn of wealth soon up for grabs: Research

HARRISON WORLEY  |  THURSDAY, 24 MAY 2018
... Woods, encumbrances of new educational standards and the withdrawal of major institutions from the advice industry - such as NAB's divestiture of its wealth management arm MLC - placed the industry in "extraordinary flux." "The impending withdrawals ...

BBSW methodology restores trust

DARREN SNYDER  |  TUESDAY, 22 MAY 2018
... outcomes for their institutions and their clients by trading during this time, the joint statement said. Commonwealth Bank, NAB and ANZ have all been fined over investigations of the alleged practice of intending to create an artificial price for bank ...

Managed accounts aid adviser time management

JAMIE WILLIAMSON  |  FRIDAY, 18 MAY 2018
... using managed accounts are saving an average of 12.4 hours per week on portfolio management tasks, according to research from NAB and Investment Trends. The report shows using a managed account structure shaves the most time off investment administration ...