National Australia Bank

NAB stands up enterprise security team and appoints new security chief

David Fairman will be focused on combining physical and cyber security at the bank.<p>The National Australia Bank (NAB) has recently appointed a new …

Technology (Australia)

Dollar dips, stocks slip on Trump remarks

SYDNEY (Reuters) - The dollar declined on Monday against major currencies to its lowest in more than two weeks after U.S. President Donald Trump criticized the Federal Reserve's tightening policy, while stocks slipped on fears of further trade protectionist measures.<p>Trump, on Friday, lamented the …

Donald Trump

Here’s another reason why the big banks could be in trouble

The big banks of <b>Commonwealth Bank of Australia</b>(ASX: CBA), <b>Australia and New Zealand Banking Group</b>(ASX: ANZ), <b>Westpac Banking Corp</b>(ASX: WBC) and <b>National</b> …

Housing Market

Value investing is consistently being beaten by growth

he divergence in performance between the leading fund managers focused on investing for value and those investing for growth is now so entrenched …

Investing

Bank-run super customers left behind, no retail funds make the 'top 10'

Not one bank-run retail superannuation fund has made it into the "top 10" list of funds — whether it be across one or 10 years.<p>The top performers are …

Investing

2 of my favourite ETFs

Exchange-traded funds (ETFs) seem to be all the range at the moment – and why shouldn’t they be?ETFs cut out a lot of paperwork by allowing investors …

Investing

Australia’s top corporate givers announced

Australia’s largest workplace volunteering and fundraising platform, GoodCompany, has revealed the top workplaces that give back to the …

Employee Engagement

Spending in New South Wales is starting to fall

• <b>There are some promising signs emerging for Australia’s retail sector.</b>• <b><br>Consumer sentiment sits at multi-year highs, employment is growing strongly and</b> …

Wales

3 high yield dividend shares on my shopping list

I think it is fair to say that the last 12 months have been reasonably disappointing for many of Australia’s most popular dividend shares.But I …

Investing

PR: trade.Io Appoints Banking Veteran David Hannigan to Run OTC Desk

<i>This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com</i> …

Cryptocurrency

Why Commonwealth Bank of Australia (ASX:CBA) is closing some Bankwest branches

The <b>Commonwealth Bank of Australia</b> (ASX: CBA) owned <b>Bankwes</b>t will close 29 branches along Australia’s east coast and cut 200 jobs as customers move …

Australia

Tonagh's visa consortium has both types of political firepower

A consortium headed by ex-Foxtel chief <b>Peter Tonagh</b> is one of two finalists for the Department of Home Affairs' $1 billion contract to run Australia's …

FinTech

Sydney Housing Slump Predicted to Last Until at Least 2020

Sydney’s property market slump will last at least another two years as tougher lending standards and buyer nerves weigh on prices.<p>That’s the …

Housing Market

Jobs and wages could rise but RBA still hamstrung by household debt

The Government keeps reassuring workers that wage growth is just around the corner — as long as strong employment growth continues.<p>But a leading …

Economics

Bankwest shuts 29 branches, cuts 200 jobs as customers go online

Bankwest's surprise decision to close 29 branches along the east coast, cutting 200 jobs in the process, is a sign that the demise of face-to-face …

Banking

Warning: Many professional investors are turning bearish on equities

ASX investors have a new wall of worry to overcome this year. Global fund managers are turning bearish as the eight-year bull market is starting to …

Stock Markets

Australian Housing Costs Rival New York’s. That May Be Changing.

SYDNEY — The home wasn’t perfect. The two-bedroom townhouse lacked parking and a backyard. Its proximity to a major road and a train station made for noisy evenings.<p>But like many young Australians, Georgia Blackie felt she needed to buy it or rent for the rest of her life.<p>She lives in Melbourne, …

Real Estate

The food staple that's about to cost you more

Bread prices are set to jump as the cost of Australian wheat surges following adverse weather conditions across the country.<p>Following a dry spell …

El Niño

Asian Markets Higher After Powell's Upbeat Comments

(RTTNews) - Asian stock markets, led by Japan, are higher on Wednesday following the positive cues from Wall Street after Federal Reserve Chairman Jerome Powell gave a positive outlook of the U.S. economy in his testimony before the Senate Banking Committee and reiterated that gradually raising …

Stock Markets

Asian stocks close mixed as dollar extends gains after upbeat comments from Fed's Powell

Asian shares closed mixed on Wednesday, after firmer gains seen earlier slightly faded — although investors were still assured by the upbeat remarks …

Stock Markets

New Methodologies to Help Banking Industry Assess Physical Risk and Opportunities of Climate Change Published Today

OXFORD, England, July 17, 2018 /PRNewswire/ --<p>Sixteen leading banks convened by the UN Environment Finance Initiative (UNEP FI) and supported by …

Climate

Finding it harder to get a loan? Here's why

It's harder to get a loan in Australia right now than it has been in years.<p>The big banks have been whacked by the financial services royal commission …

Finance

Bank of Queensland squares away payment deal

Bank of Queensland (BOQ) has struck a deal with Twitter co-founder Jack Dorsey’s Square to market contactless and chip card payments to small …

FinTech

Westpac scraps new property lending to DIY super funds

The change comes as new lending for housing has slowed in recent months, which analysts believe is being caused by tighter lending standards from …

Commonwealth Bank

Geoff Lloyd appointed MLC CEO

<b>Former Perpetual chief executive and managing director Geoff Lloyd has been appointed the new CEO of MLC, effective 1 September 2018.</b><p>The appointment …

Superannuation

RBA on 'close and careful' watch of household debt

The Reserve Bank of Australia conducted a special discussion of Australia's high household indebtedness at this month's meeting, concluding that …

Economics

Dutch court approves $1.5 billion Fortis shareholder deal – but there’s a catch

(Reuters) - Grant & Eisenhofer issued a press release Friday, hailing a Dutch appellate court’s approval of a $1.5 billion shareholder settlement with the international insurance company Ageas, the successor company of Fortis, a Dutch-Belgian financial services business that allegedly over-invested …

Law

Geoff Lloyd won't find steering MLC as easy as ABC

Geoff Lloyd's Twitter bio describes him as an "Aussie sports fan".<p>So perhaps his decision to take on the role as chief executive of MLC, the wealth …

Superfund

Banks ramp up sharing of 'positive' data on customers, despite concerns

Such a change will give banks far better information about a prospective customer's repayment behaviour, and how much total debt they have, including …

Customers

Telstra InfraCo: Has Andy Penn sown a $35b seed or lost focus?

Andy Penn had just handed down his brand new vision for Telstra's future; a four point plan dubbed Telstra2022, when he opened questions from the …

Telstra