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ANZ planning to sell Australian wealth business

by Shared by InvestorDaily | Nov 4, 2016 | News

The bank today revealed that a strategic review of its wealth businesses in Australia and New Zealand concluded that while the distribution of high wealth products and services should remain a core component of the group’s overall customer proposition, the bank...

Banks taking ‘positive steps’ on reforms: report

by Shared by InvestorDaily | Oct 24, 2016 | News

Former auditor-general Ian McPhee has issued his second report on the Australian banking industry’s implementation of initiatives announced 21 April 2016 to improve community confidence in banks.Read the full story at InvestorDaily.

Banks must confess ‘sins of the past’: APRA

by Shared by InvestorDaily | Oct 17, 2016 | News

Appearing before the Standing Committee on Economics on Friday, APRA chairman Wayne Byres said the chief executives of Australia’s major banks recognise that they “must do better”.Read the full story at InvestorDaily.

No compulsion on retirement income: O’Dwyer

by Shared by InvestorDaily | Oct 13, 2016 | News

Speaking at a Committee for Sustainable Retirement Income leadership forum in Canberra yesterday, Financial Services Minister Kelly O’Dwyer said the government will allow super funds to “pre-select” retirement income products for their members.Read...

Credit bubble ‘the last thing we want’: Westpac

by Shared by InvestorDaily | Oct 10, 2016 | News

Read the full story at InvestorDaily.
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