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Search ResultsShowing 1 - 10 of 100+ results for "ME Bank"
Banking crisis more likely in conflicted countries: IMF
ELIZA BAVIN  |  THURSDAY, 30 JUL 2020
The odds of a country suffering a banking crisis are 2.5 times higher if it is affected by a conflict, according to research from the International Monetary Fund (IMF). IMF economist Rasmane Ouedrago and senior resident representative in South Africa ...
Financial comfort reliant on fiscal support: ME Bank
ANNABELLE DICKSON  |  THURSDAY, 30 JUL 2020
... increased to near record highs throughout the pandemic as a result of government fiscal stimulus measures, according to ME Bank's latest Household Financial Comfort Report. Household financial comfort increased 3% to 5.76 out of 10 in the six months ...
ME Bank chief resigns
ELIZABETH MCARTHUR  |  TUESDAY, 14 JUL 2020
ME Bank chief executive Jamie McPhee has resigned after weathering scrutiny over the bank's adjusting of redraw facilities for mortgage customers and its relationship with the industry funds that own it. McPhee, who has been chief executive for ...
Financial institution charged over Epstein scandal
ELIZA BAVIN  |  THURSDAY, 9 JUL 2020
The US Department of Financial Services (DFS) has hit Deutsche Bank with a US$150 million penalty for the bank's relationship with disgraced financier Jeffrey Epstein. This marks the first enforcement action by a regulator against a financial institution ...
Business leaders recognised
ELIZA BAVIN  |  TUESDAY, 9 JUN 2020
... service to the superannuation sector, to women, and to trade unions. Additionally, chair of Kirwood Capital and director of ME Bank, Christine Christian was recognised for her services to the financial and investment sectors, as well as to women in business. ...
Asgard, Future Super shamed on ERS
ELIZABETH MCARTHUR  |  THURSDAY, 4 JUN 2020
At a hearing of the House of Representatives Standing Committee on Economics that was supposed to focus on ME Bank's recent troubles, the super funds performing poorly in terms of early release copped surprise criticism. APRA had advised that early ...
Renewed scrutiny for ME Bank
ELIZABETH MCARTHUR  |  TUESDAY, 2 JUN 2020
Liberal MP Tim Wilson has asked to recall ME Bank to the House of Representatives Standing Committee on Economics after correspondence with ASIC for a hearing later this week. During ME Bank chief executive James McPhee's appearance at the last committee ...
APRA urged to probe industry funds
KANIKA SOOD  |  TUESDAY, 26 MAY 2020
... structures that raises questions about their fulfilment of the sole purpose test (such as allocating significant capital to ME Bank when it has never returned a dividend), conflicts of interest (such as heavy exposure to ISPT and IFM Investors) and low ...
ME Bank pays industry funds no dividends
ELIZABETH MCARTHUR  |  THURSDAY, 14 MAY 2020
MP Tim Wilson has argued industry super funds' ownership of ME Bank is at odds with the sole purpose test as the bank has yet to pay dividends. Following ME Bank's controversial decision to slash redraw balances on some legacy home loans, and ...
ISA, ME Bank issued please explain
ELIZABETH MCARTHUR  |  MONDAY, 11 MAY 2020
Industry Super Australia and ME Bank will front the House of Representatives Standing Committee on Economics on Thursday for an urgent hearing. The call for explanations from the bank and ISA comes following news that ME Bank, which is owned by 26 industry ...
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