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Showing 71 - 80 of 5712 results for "Banks"

EQT launches new wholesale fund down under

CHLOE WALKER  |  TUESDAY, 26 SEP 2023
... Martin Donnelly said it comes in response to growing demand from local wholesale investors, financial advisers, private banks, and family offices for diversified private asset solutions. "Australian wholesale investors, along with their advisers and ...

ANZ hit with $15m penalty for misleading customers

ANDREW MCKEAN  |  TUESDAY, 26 SEP 2023
... It should not have taken ANZ several years to address this issue," Court said. "ASIC will continue to take action against banks who fail in their duty to act efficiently, honestly and fairly in dealings with customers." ANZ has already reimbursed over ...

VanEck to launch three fixed income ETFs

ANDREW MCKEAN  |  TUESDAY, 26 SEP 2023
... traded products (ETPs) have attracted $2.6 billion in assets. "We anticipate greater demand for fixed income as central banks have pushed nominal yields higher. There is almost $15 billion out of $156 billion assets under management in Australian fixed ...

NAB to pay $2.1m for knowingly overcharging customers

JAMIE WILLIAMSON  |  FRIDAY, 22 SEP 2023
... resolving an issue in a timely way. If systems have let customers down, we expect all financial institutions, especially our banks, to act quickly to reduce consumer harm." In response, NAB said the issue "related to the incorrect selection of a fee ...

Don't believe inflation hype, says Pendal

JAMIE WILLIAMSON  |  FRIDAY, 22 SEP 2023
... "There's a lot of commentary on a possible '70s-style, second wave of inflation. And how if that were to happen, central banks would need to react. "But I don't believe we're going down that path. We're not even close to a rerun of the 70s." In the 1970s ...

APRA consults on hybrid bond resilience

CASSANDRA BALDINI  |  THURSDAY, 21 SEP 2023
... obstacles. "Given the Australian banking sector's reliance on AT1 - and noting how rapidly contagion spread across international banks earlier this year - APRA wants to start exploring how we can make sure this form of capital functions as intended should ...

XV Capital plots expansion, fund launch

JAMIE WILLIAMSON  |  TUESDAY, 19 SEP 2023
... Mortlock said. "The US sports investment market is by far the most advanced in the world with family offices, global investment banks, venture capital, private equity and the like, all looking to access a sector that has been uncorrelated to traditional ...

NZ Super Fund delivers 11.9%

CASSANDRA BALDINI  |  WEDNESDAY, 13 SEP 2023
... further away than might have been expected," he said. "Our expectation is that will lead to lower returns overall as central banks prioritize reducing inflation over fostering economic growth; however, we are confident the super fund will continue to ...

Government passes FAR legislation

KARREN VERGARA  |  WEDNESDAY, 6 SEP 2023
... FAR replaces and extends the Banking Executive Accountability Regime by imposing tough new accountability obligations on banks, insurers, and superannuation funds. The FAR ensures that these institutions clearly identify individuals who will be held ...

Financial hardship neglect lands Westpac in court

KARREN VERGARA  |  TUESDAY, 5 SEP 2023
... credit contract in response to a customer's notice, they must notify the customer of this and why they have not agreed. Banks must also inform customers that they have the right to go to the Australian Financial Complaints Authority (AFCA) if they want ...