banks

Funds management

Big 4 exposure didn’t hold back best Aus geared equity funds

All four of the top performing funds in the Australian equity geared sector held Big Four banks in their top holdings....

Funds management

Has the Austrac scandal affected funds with high Westpac allocations?

In the wake of its money-laundering scandal, most funds that had a high allocation towards the bank managed to recover losses indicating the resilience of big banks....

Financial planning

Banking ‘repair jobs’ largest wage increase

The Royal Commission has paved a way for wage increases at banks for professionals who can deliver on reforms and programs, a survey has found....

Policy & Regulation

Banks and financial services firms face trust issue

Banks and financial services firms have been revealed as having major consumer trust issues with new Roy Morgan research revealing that only Bendigo and Adelaide Bank and...

Financial planning

Banks urged to show leniency on grandfathering loans

The Association of Financial Advisers has urged banks who loaned money to advisers to buy books of clients to show leniency....

Policy & Regulation

ASIC to be questioned over regulatory power

The Australian Securities and Investments Commission is due to appear before the House Economics Committee this Wednesday to discuss how it is implementing the Hayne Roya...

Funds management

Has being gender-equal helped these banks’ share price?

Three of Australia’s banks have been listed as being among the most gender-equal financial services firms in the world but has this affected their share price performance...

Financial planning

ASX reports fall of 3.5%

The Australian stock market fell by more than 3.5% last week over fears of escalations in the US/China trade war. ...

Financial planning

2,900 advisers leave industry in wake of banks, AMP

The exit of the Big Four banks and the change in strategy by AMP Limited will see planner numbers decrease by almost 2,900, according to the latest findings from this yea...

Policy & Regulation

ANZ complies with ASIC enforcement

The Australian Securities and Investments Commission has announced ANZ has complied with the court enforceable undertaking regarding its fees for no service conduct for i...

Financial planning

FPA urged Treasury to differentiate between large and small licensees

The Financial Planning Association urged the Treasury to ensure the costs of extra regulatory scrutiny of major licensees such as the banks and AMP were not ultimately ca...

People & Products

Suncorp announces acting CEO remuneration arrangements

Suncorp has announced the company has finalised remuneration arrangements for acting chief executive Steve Johnston....

Funds management

Bank stocks looking strong in Election aftermath

The banks were some of the biggest winners in the post-Federal Election share market rise last week, and data from FE Analytics shows which funds were best positioned to ...

Financial planning

Half-year bank results see decline

Half-year major bank result analysis by Deloitte shows the banks are still struggling to make growth against the headwinds....

Policy & Regulation

Banks defend vertical integration

The Australian Banking Association has defended vertical integration and the ability of the major banks to self-regulate when it comes to ‘simplifying’ such structures....