Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 81 - 90 of 398 results for "Big 4 banks"

Powerwrap launches new adviser service

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 MAR 2019
... - advising and managing their clients' money." Davidson said Tickr will benefit those making the move away from the big banks as a response to enormous change in the industry. "Powerwrap has a strong track record in attracting advisers from these businesses ...

Big banks, super funds join forces for sustainability

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 MAR 2019
Senior executives of the big banks, superannuation funds, insurance companies and industry bodies have come together for the Australian Sustainable Finance Initiative. The initiative is an unprecedented collaboration with the aim of shaping an Australian ...

Banks move to derisk, workforces shrink

KANIKA SOOD  |  MONDAY, 25 MAR 2019
... and they have lost money in the last 12 months (-7.3% at the time of writing). Yet, investors are showing faith in the big banks. CommSec, which tracks consensus stock ratings, places CBA, NAB, Westpac and ANZ all as a "moderate buy." Among the industry's ...

Banks must prioritise NPP, says Reserve Bank

ELIZABETH MCARTHUR  |  TUESDAY, 19 MAR 2019
The $1 billion New Payment Platform seems to be another headache for the big banks. Reserve Bank governor Philip Lowe asked the chief executives of the big four to confirm they are putting significant resources into rolling out the high speed payment ...

Reforming bank culture rests on regulators: Silk

KARREN VERGARA  |  FRIDAY, 15 MAR 2019
... executive of Australia's largest superannuation fund is pinning his hopes on the regulators to transform the culture of the big banks and retail sector. AustralianSuper chief executive Ian Silk says he's doubtful that the organisations called out for ...

Local fintech investment soars

KARREN VERGARA  |  TUESDAY, 26 FEB 2019
... such as energy and telecommunications, he said. Australia's Open Banking regime will commence on 1 July 2019. The big banks will be required to make information such as credit and debit card, and transaction accounts available. From 1 February 2020 ...

Labor responds to Royal Commission final report

JAMIE WILLIAMSON  |  MONDAY, 25 FEB 2019
... 2021. The party will also look to end the hawking of life insurance products and to ensure there are consequences when big banks breach industry codes, as well as ban life insurance commissions if ASIC finds no reason to retain them, he said. Bowen said ...

Australia ahead in gender diversity

KARREN VERGARA  |  MONDAY, 25 FEB 2019
... industries are gaining the most ground, it's a mixed bag. Richardson says financial services tend to do well in terms of the big banks and super funds taking the lead on gender diversity initiatives. There are reports which say the mining industry lacks ...

Institutions respond to Royal Commission, make commitments

HARRISON WORLEY  |  TUESDAY, 5 FEB 2019
... banking executives. Commissioner Hayne said the final round of hearings - which saw chief executives and chairs of the big banks, AMP and financial services regulators APRA and ASIC take the stand - surprised him, in the sense that executives were to ...

Hayne stops short of dismantling vertical integration

HARRISON WORLEY  |  TUESDAY, 5 FEB 2019
... AFSL holders authorised to give financial product advice. He also noted that in addition to the protestations of the big banks (including those who had already moved on significant portions of their wealth arms), ASIC also called for calm and joined ...