banking sector

Financial planning

Banking to be ‘less profitable’ amid COVID-19: NAB

National Australia Bank group chief executive Ross McEwan has confirmed the banking sector will be a less attractive sector for dividends in the aftermath of the COVID-19...

Funds management

IML avoids ‘unappealing’ banking sector

IML Investors has said it is reluctant to add exposure to the big four banks as it believes the risk/return in the sector is unappealing....

Funds management

World economy less resilient than pre-GFC

The global economy is less resilient than 12 years ago at the onset of the financial crisis with the Euro area having seen the biggest decrease in resilience over the per...

Policy & Regulation

Finance compliance and risk roles on the rise: SEEK

SEEK data has shown that the Royal Commission has led to a direct increase in compliance and risk roles being mandated by clients across all sub-segments of the financial...

Financial planning

Advice carve-outs undermine RC findings, says ISA

Industry Super Australia has accused the Government of caving into the retail banks and the wealth management sector in allowing ‘carve-outs’ from the design and distribu...

Life/Risk

CYBG makes new takeover bid for Virgin Money

The banking group has made a revised takeover bid proposal for Virgin Money in an effort to create a new national competitor in UK banking....

People & Products

Michael Lawrence named to head COBA

Former AMP Bank managing director, Michael Lawrence has been appointed as the new chief executive of the Customer Owned Banking Association....

Policy & Regulation

Banks defy FOFA approach for mortgage brokers

The banks-sponsored Sedgewick Retail Remuneration Review has revealed a banking sector reluctant to apply FOFA norms to mortgage brokering lest they lose market share....