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Showing 81 - 90 of 424 results for "Big four banks"

Stop undermining franking credit refunds: Wilson

KARREN VERGARA  |  FRIDAY, 30 NOV 2018
... classes at the expense of local tax payments and employment, he said. Retail investors comprise 43% to 53% of the big four banks, he said, noting that they could be "hurt the most" collectively losing $17 billion solely from their bank shareholding. ...

Vertical integration not to blame

HARRISON WORLEY  |  MONDAY, 26 NOV 2018
... exposed in the Royal Commission. In their responses to Commissioner Kenneth Hayne's interim report, Australia's big four banks - as well as AMP and Macquarie - went as far as to say Hayne should avoid recommending legislative action disturbing the widely-adopted ...

Gender diversity in advice dormant

JAMIE WILLIAMSON  |  FRIDAY, 9 NOV 2018
... advisers - a figure that has remained stagnant for several years. However, looking at advice groups, three of the big four banks have numbers approaching one third of their total adviser force. About 27% of the advisers aligned with Commonwealth Bank ...

Banks must reshape to survive compliance and technology crunches

DARREN SNYDER  |  TUESDAY, 6 NOV 2018
KPMG and EY highlight Australia's big four banks must balance ongoing compliance costs with continued spending in technology or face being left behind when it comes to innovation. In their post FY18 analysis of Australian bank results, KPMG and EY point ...

Perpetual partners with Microsoft

KANIKA SOOD  |  TUESDAY, 23 OCT 2018
... manage the liquidity requirements by allowing them to stress test portfolios easily. Early takers include one of the big four banks, two mutual banks and a neo bank, Perpetual said.

Superannuation ripe for blockchain

HARRISON WORLEY  |  MONDAY, 15 OCT 2018
... gear up for the annual Sibos conference from October 22 to 25 in Sydney. The conference will see Australia's big four banks and local startups share the floor with some of the world's most influential organisations, including Microsoft and BNY ...

Bank cross-selling success declines: Research

KANIKA SOOD  |  MONDAY, 8 OCT 2018
The big four banks are capturing only about 30% of their customers' total spending on financial services products, according to new research. During the Royal Commission, the banks copped criticism for consistently referring existing customers to other ...

Banks to answer for Hayne report

JAMIE WILLIAMSON  |  MONDAY, 8 OCT 2018
The chief executives of Australia's big four banks will head to Canberra to face questioning over the findings published in Commissioner Kenneth Hayne's interim report. The House of Representatives Standing Committee on Economics will commence its next ...

AMP, banks respond to RC interim report

HARRISON WORLEY  |  FRIDAY, 28 SEP 2018
AMP and Australia's big four banks have responded to the Royal Commission's interim report on misconduct in the financial services sector. The report, released on Friday, was scathing in its review of Australia's major players in financial services. ...

Future Fund delivers 9.3%, increases risk moderately

KANIKA SOOD  |  WEDNESDAY, 29 AUG 2018
... it, if any change occurs, it will not apply to the Future Funds or the industry funds." He said he expects the big four banks to raise rates out of the cycle, as their overseas funding costs rise. Several smaller banks, including Bendigo and Adelaide ...