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Showing 71 - 80 of 398 results for "Big 4 banks"

Impact investing under threat

ELIZABETH MCARTHUR  |  TUESDAY, 16 JUL 2019
... investment in a green bond is not necessarily having a substantial positive impact on the environment. "In Australia, the big banks have issued green bonds. We've invested in some of them and not in others. I'm not knocking them as an asset class ...

Open banking reforms a boon for fintech

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUL 2019
... With the new open banking regime now in effect, fintechs are set to reap the rewards of data sharing. As of July 1, the big banks are now required to share generic product data as part of the government's phased timeline for the introduction of open ...

Aberdeen Standard hires retirement head

HARRISON WORLEY  |  THURSDAY, 20 JUN 2019
... on his Malaysian sojourn Nyilas was a partner at EY Australia, advising the firm's clients - the wealth arms of the big banks and super funds of all persuasions - on retirement, wraps, mergers and acquisitions and "other transformation areas." Nyilas ...

Advice group adds general manager

JAMIE WILLIAMSON  |  FRIDAY, 14 JUN 2019
... told Financial Standard the group is delighted to have Mennie on board to lead the wealth strategy. "The exit of the big banks from the wealth space represents a big opportunity for accounting firms looking to diversify their offering," he said. "Brett ...

Shock win leaves investors worse off

HARRISON WORLEY  |  MONDAY, 3 JUN 2019
... pre-Global Financial Crisis highs. Core holdings for many self-directed investors and self-managed superannuation funds, the big banks made gains including Westpac adding more than 9%. Meanwhile, Mortgage Choice's share price surged 14.5% to 91 cents ...

Super funds can spearhead infrastructure: Expert

HARRISON WORLEY  |  WEDNESDAY, 29 MAY 2019
... the decision of Australia's big four banks to jettison their wealth management operations was mathematical. The big banks certainly tried the wealth management and life insurance route, but for various reasons it hasn't worked out, he said. "But ...

Fintech no real threat: Researcher

ELIZABETH MCARTHUR  |  TUESDAY, 21 MAY 2019
Australia's big banks are well placed to defend their position against fintechs hoping to disrupt the industry, according to a new report from Moody's. While fintechs may be seen to pose a growing threat, large banks have the financial resources to ...

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 ...

Westpac reveals Magnitude, Securitor adviser remediation

HARRISON WORLEY  |  WEDNESDAY, 1 MAY 2019
... approach to dealing with its potential advice remediation bill of $1.15 billion, noting in particular that Australia's big banks had taken too long to conduct further reviews into the fees-for-no-service issues.

Big banks forced to cut costs: Perennial Value

ELIZABETH MCARTHUR  |  WEDNESDAY, 1 MAY 2019
Despite a positive economic and regulatory outlook, Australia's big banks will look to cut costs as the fallout from the Royal Commission continues. That is the view of Perennial portfolio manager Andrew King, who said ongoing efforts to remediate customers ...