BANKING

Financial planning

A majority of banks had signalled intentions to invest in customer-facing technologies but did not expect their performance to improve....

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Financial planning

Millennials demanded a set of particular expectations from the banking industry, which banks would have the potential to capitalise on....

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Financial planning

BTFG’s contributions to Westpac has declined by four per cent to $876 million in cash earnings thanks to weak results in wealth in a challenging environment. ...

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Superannuation

The outperformance of industry super funds over the bank-owned ones is driven by culture and investment philosophy, according to Industry Super Australia (ISA)....

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Financial planning

The Big Four’s tainted reputations have not deterred their customers who are still rating their banks at least seven out of 10, according to DBM Consultants....

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Funds management

Customer satisfaction with the big four banks has declined in five out of the last six months and is now 1.9 percentage points below last July....

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People & Products

HSBC extends Hamish Kelly’s role to encompass Global Banking in Australia and he will remain in Sydney....

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Policy & Regulation

Australia and New Zealand Banking Group (ANZ) is refunding $5 million to basic account holders for incorrect late payment and over limit fees. ...

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Financial planning

Satisfaction with the big banks among home loan customers seem to be back on track following a dip after home loan rates increased last year, Roy Morgan research found....

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Financial planning

Almost 70 per cent of banking and finance employees wanted to stay with one employer for more than five years if they were offered career progression opportunities....

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Life/Risk

Bankers are being warned to manage the risks associated with lending for commercial property purchases carefully, or face significant pain in a downturn....

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Financial planning

Macquarie University’s launches Masters of Banking and Finance course for students wanting to enter the banking and finance industry....

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Financial planning

To improve banking competition the four pillar policy needs to be removed, according to a Centre of International Finance and Regulation report....

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Policy & Regulation

ASIC has issued a harsh assessment of how lenders are handling interest-only loans reminiscent of its critical analysis of life/risk advice arrangements....

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Policy & Regulation

Banks and financial institutions are facing scrutiny over its use of unfair contract terms and non-monetary default conditions to foreclose businesses....

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MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

2 months 1 week ago
Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

2 months 1 week ago
gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

2 months 1 week ago

A Sydney-based financial adviser has been banned from providing financial services in the interest of consumer protection after failing to act on conduct concerns. ...

3 weeks 3 days ago

ASIC has cancelled the AFSL of a $250 million Sydney fund manager, one of two AFSL cancellations announced by the corporate regulator....

3 weeks 1 day ago

Having divested its advice business in August, AMP is undergoing restructuring in at least four other departments amid a cost simplification program....

2 weeks 5 days ago