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Showing 981 - 990 of 2816 results for "Division"

Macquarie platform, wrap businesses soar

KARREN VERGARA  |  FRIDAY, 4 MAY 2018
... stockbroking businesses under Banking and Financial Services (BFS). It services more than one million customers. The division's fees and commissions dipped from $472 million to $466 million, but contributed $560 million to the bottom line, up 9% year-on-year. ...

IOOF flags ANZ Wealth results ahead of acquisition

ALEX BURKE  |  WEDNESDAY, 2 MAY 2018
... for the businesses it is planning to acquire from ANZ. The bank's 1H18 results reveal that cash profits in the wealth division slid by 24% to $44 million. ANZ said this was because of a non-recurring lenders mortgage reinsurance profit share being included ...

Uncertainty abounds future of advice regulation

JAMIE WILLIAMSON  |  TUESDAY, 1 MAY 2018
... ability to self-regulate, she said. In referencing the FPA, AFA and ASIC's evidence, Orr questioned whether the current division of responsibility for the advice industry - being between employers, ASIC and the associations - is effective in ensuring ...

Water risk infiltrates agriculture portfolios

KARREN VERGARA  |  MONDAY, 30 APR 2018
... have ploughed more than $1 billion to the sector since 2007. Tim Lee, a partner of the food and agribusiness advisory division at PwC, says water volatility and accessibility to required volumes are posing risks not only to producers, but to supply chains ...

ANZ, NAB bottom lines take a hit

KARREN VERGARA  |  TUESDAY, 24 APR 2018
... materialised to an $86 million loss. In the same month, it agreed to sell UDC Finance, which is part of the New Zealand division, to HNA Group. ANZ booked $18 million in cost recovery related to the sale. Exiting its retail and wealth businesses from ...

Unions lobby super sector to cut big bank, AMP ties

JAMIE WILLIAMSON  |  TUESDAY, 24 APR 2018
The Australian Council of Trade Unions is calling on industry superannuation funds to review partnerships with the big banks in light of issues exposed at the financial services Royal Commission. In a letter to industry fund chief executives, ACTU secretary ...

ANZ blames systems for inadequate controls: RC

KARREN VERGARA  |  MONDAY, 23 APR 2018
... satisfaction would have been feasible to incentivise advisers. Last week, CBA executive general manager of the private banking division Marianne Perkovic told the Commission that CBA's systems were so "hopeless" that it took more than two years to notify ...

Royal Commission presents clear downside for bank stocks

ALEX BURKE  |  MONDAY, 23 APR 2018
Findings from the Royal Commission, and the possible increased regulation that will emerge as a result, have weakened the investment case for Australia's banking sector. Research from Credit Suisse analysts Jarrod Martin and Brendon Ferreira suggests ...

RECAP: Advice in the Royal Commission spotlight (Days 1 - 3)

KANIKA SOOD  |  THURSDAY, 19 APR 2018
... fee structures are an arrangement between clients and advisers. CBA executive general manager of the private banking division, Marianne Perkovic, also began her testimony. Senior Counsel Assisting Michael Hodge pursued a line of questioning that revealed ...

Royal Commission latest: CBA doing more with fewer advisers

KARREN VERGARA  |  WEDNESDAY, 18 APR 2018
... adviser numbers and doubled its client base. This is according to CBA executive general manager of the private banking division Marianne Perkovic, who fronted the afternoon session of the financial services Royal Commission on Wednesday. Senior Counsel ...