WESTPAC

Financial planning

The big four bank said it would not pay dividends for the first half of 2020 to retain its strong balance sheet while it monitored the uncertain environment....

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Policy & Regulation

The failed pursuit of Westpac over responsible lending has cost the Australian Securities and Investments Commission nearly $1.9 million before it even accounts for Westp...

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Financial planning

Breaches of the Future of Financial Advice rules will sit at the centre of class actions being formulated against the Commonwealth Bank, AMP and Westpac and a number of t...

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Financial planning

The big four bank will bring back jobs to improve its operations and customer support in response to demand from the COVID-19 pandemic....

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People & Products

Scott Collary has been appointed as chief operating officer of its new group operating office, while group executive Gary Thursby will leave the bank early next year....

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People & Products

Anthony Miller will be the new chief executive of Westpac Institutional Bank....

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People & Products

Former ANZ chief financial officer, wealth, Michael Rowland has been appointed as Westpac CFO, commencing later in the year....

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Funds management

Commonwealth Bank and ANZ are “the worst” offenders with each lending to projects with emissions equivalent to nearly eight years of Australia’s total greenhouse gas emis...

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Funds management

As National Australia Bank group chief executive Ross McEwan warns banking will be less profitable in the short-term, which big four bank has recovered best in the three ...

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Financial planning

Australia’s Big Four banks have been rated on their COVID-19 responses by consumer advocate Choice, with ANZ performing the worst. ...

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Funds management

Westpac is to divest its final 9.5% stake in Pendal as the company looks to “simplify operations”. ...

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Financial planning

The Australian Securities and Investments Commission will be allowed to apply to the courts for fines and disqualification of individuals in relation to AUSTRAC’s proceed...

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Financial planning

Analysis from AMP Capital shows consumer confidence is back to pre-COVID levels, but not yet to its historical peak....

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Policy & Regulation

Westpac has confirmed the career and salary consequences that has flowed from its AUSTRAC scandal....

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Financial planning

The Federal Court will ultimately decide how much OneVue retrieves from this week’s sale of the Sargon operating business, while the company maintains it is still on trac...

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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 ...

4 weeks 1 day 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 ...

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gonski

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

4 weeks 2 days ago

The decision whether to proceed with a $100 million settlement for members of the buyer of last resort class action against AMP has been decided in the Federal Court....

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A former Brisbane financial adviser has been found guilty of 28 counts of fraud where his clients lost $5.9 million....

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The Financial Advice Association Australia has addressed “pretty disturbing” instances where its financial adviser members have allegedly experienced “bullying” by produc...

3 weeks 2 days ago