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Showing 921 - 930 of 1648 results for "Division 305"

ANZ profit, wealth FUM up despite insurance concerns

MARK SMITH  |  FRIDAY, 16 AUG 2013
Funds under management growth of 6% year-to-date in ANZ's global wealth division have helped the bank post a solid profit in its latest nine-month report. In a statement on the Australian Securities Exchange (ASX), the bank announced an unaudited 7% ...

Wealth division contributes to record CBA profits

MARK SMITH  |  WEDNESDAY, 14 AUG 2013
Earnings growth of 9% in Commonwealth Bank's wealth management division contributed to the bank posting a full-year profit of $7.8 billion, a record for an Australian bank. The 10% increase in cash net profit after tax surpassed the analysts' expectations ...

NAB confirms redundancies in wealth division

LAURA MILLAN  |  MONDAY, 12 AUG 2013
National Australia Bank (NAB) has confirmed redundancies in a number of roles within its wealth management division following a strategy to digitalise the business. The bank refused to specify the number of redundancies made effective to date and gave ...

Challenger listed property division profits up 9%

MARK SMITH  |  WEDNESDAY, 7 AUG 2013
Challenger Diversified Property Group (CDI) has posted a net profit increase of 9% for the full-year to 30 June 2013. Fund manager Trevor Hardie attributed the rise largely to the unrealised value of the group's interest rate swaps. In what Hardie described ...

Westpac and BTFG group get MySuper approval

JAMES FERNYHOUGH  |  TUESDAY, 6 AUG 2013
Westpac and BT Financial Group has become only the third retail conglomerate superannuation provider to gain MySuper authorisation. The wealth group has been approved to offer three MySuper products that will be used across its ASGARD, BTFG and Westpac ...

Strong returns put UniSuper back in the black

ALEX DUNNIN  |  TUESDAY, 6 AUG 2013
Strong investment returns from rebounding capital markets have strengthened UniSuper's balance sheet sufficiently to enable the fund trustee board to announce they no longer need to consider reducing members' benefits to maintain the fund's solvency. ...

Suncorp Life profit to drop 75%

LAURA MILLAN  |  MONDAY, 5 AUG 2013
Suncorp Life net profit after tax (NPAT) is expected to drop approximately 75% due to increasing discount rates and the poor performance of the life insurance division. The company made public a financial update of its preliminary results for financial ...

Senior CBA exec puts blame on the bank for Storm disaster

LAURA MILLAN  |  THURSDAY, 1 AUG 2013
Senior Commonwealth Bank (CBA) executive Ian Bailey declared that the bank's retail division had a role in the collapse of Storm Capital in January 2009. A document detailing an examination to Bailey by the Australian Securities and Investments Commission ...

ISN and FSC form 'unprecedented' union

JAMES FERNYHOUGH  |  THURSDAY, 1 AUG 2013
A bridge over the traditional gulf between the industry and retail superannuation sectors appears to be under construction following an announcement from the Financial Services Council (FSC) - representing retail - and the Industry Super Network (ISN) ...

Credit Suisse Asia Pac private banking chairman steps down

MARK SMITH  |  MONDAY, 29 JUL 2013
Credit Suisse chairman of private banking for the Asia Pacific region Marcel Kreis has stepped down from his role this month, the financial services company has confirmed. Kreis joined Credit Suisse in February 2007 as head of private banking for Asia ...