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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....
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...
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...
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....
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....
People & Products
Anthony Miller will be the new chief executive of Westpac Institutional Bank....
People & Products
Former ANZ chief financial officer, wealth, Michael Rowland has been appointed as Westpac CFO, commencing later in the year....
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...
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 ...
Financial planning
Australia’s Big Four banks have been rated on their COVID-19 responses by consumer advocate Choice, with ANZ performing the worst. ...
Funds management
Westpac is to divest its final 9.5% stake in Pendal as the company looks to “simplify operations”. ...
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...
Financial planning
Analysis from AMP Capital shows consumer confidence is back to pre-COVID levels, but not yet to its historical peak....
Policy & Regulation
Westpac has confirmed the career and salary consequences that has flowed from its AUSTRAC scandal....
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
Podcast
This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...
Interesting. Would be good to know the details of the StrategyOne deal....
It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...