BANK LEVY

Funds management

A new levy on large US banks has been proposed by regulators, set to deliver a two-year blow to earnings....

Financial planning

Major banks are gaining a competitive advantage over smaller banks by receiving a 20 to 30 basis point benefit from taxpayers for being ‘too big to fail’, according to ME...

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Policy & Regulation

The industry funds-owned ME Bank has backed the imposing of the major bank levy claiming it will help level a playing field skewed by the GFC and bank guarantee....

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Financial planning

A Parliamentary committee has been told the major bank levy is ‘all fizz, no pop’ and may simply provide the banks with an excuse to embark on a round of job cuts....

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Policy & Regulation

National Australia Bank chairman, Ken Henry has reflected the united voice of the major banks against the bank levy but the major parties seem equally united in supportin...

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Policy & Regulation

The ABA has called for the Government to undertake a thorough regulatory impact statement of the bank levy before the bill is passed through Parliament....

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Policy & Regulation

The big bank CEOs are threatening fallout from the bank levy including impacts on suppliers and media....

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Policy & Regulation

ABA chief executive, Anna Bligh has asked for more information on the bank levy modelling and its economic impact in a ‘truncated consultation period’....

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Financial planning

The Business Council of Co-Operatives and Mutuals has called on bank customers to change to mutuals and credit unions when the bank levy comes into force on 1 July....

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Policy & Regulation

The major banks are facing a bipartisan pincer on the proposed bank levy with Federal Opposition leader, Bill Shorten backing such a move while continuing his calls for a...

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MARKET INSIGHTS

Interesting. Would be good to know the details of the StrategyOne deal....

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Pinnacle Investment Management has announced it will acquire strategic interests in two international fund managers for $142 million....

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