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Showing 111 - 120 of 5719 results for "Banks"

HESTA generates 9.59% investment return

ANDREW MCKEAN  |  THURSDAY, 6 JUL 2023
... interest rate sensitive assets such as bonds, property, and infrastructure struggled, encumbered by rate rises from central banks combatting persistently high inflation. HESTA chief investment officer Sonya Sawtell-Rickson said while the fund expected ...

iPartners launches property credit fund

KARREN VERGARA  |  THURSDAY, 6 JUL 2023
... and selectively invested while waiting for the market to correct". "In the current economic and regulatory environment, banks and other non-bank lenders may continue to pull back from the market as they deal with problems in legacy portfolios that were ...

E&P appoints new chief executive

KARREN VERGARA  |  FRIDAY, 30 JUN 2023
... restructures for the likes of Babcock & Brown, Slater and Gordon, Hastings Funds Management and Arrium, as well consulted for banks syndicates, bond holders and hedge funds. Anderson is a chartered accountant and previously worked as a liquidator. Keeble ...

Netwealth relaunches Wealth Accelerator

JAMIE WILLIAMSON  |  FRIDAY, 30 JUN 2023
... support, and generation of a range of reports. It also includes third-party data feeds, importing clients' data held with banks and other financial institutions, residential property information, and asset holdings. Netwealth said this is the first time ...

US recession possible, but recovery would be strong: Capital Group

CHLOE WALKER  |  THURSDAY, 22 JUN 2023
... risks." For example, he said: "They acted very quickly to resolve the issues around Silicon Valley Bank and the other regional banks in the US, and we saw similar very rapid reactions here in Europe, in response to the problems with Credit Suisse, for ...

Bank of England launches first system- wide stress test

CASSANDRA BALDINI  |  TUESDAY, 20 JUN 2023
The Bank of England (BoE) overnight launched its first system-wide stress test to understand the behaviours of banks and non-bank financial institutions (NBFIs) in volatile financial markets. Recent chaos across UK markets has led to the system-wide ...

FRAA releases draft APRA, ASIC metrics

KARREN VERGARA  |  FRIDAY, 16 JUN 2023
... APRA's mandate requires a strong focus on financial system resilience by ensuring the financial safety and soundness of banks, insurers, and superannuation entities. However, APRA does not pursue a zero-failure objective. APRA cannot eliminate the risk ...

UBS completes landmark Credit Suisse acquisition

ANDREW MCKEAN  |  TUESDAY, 13 JUN 2023
... because Credit Suisse was experiencing a crisis of confidence, which manifested in considerable outflows of client funds. The banks predicament was worsened by recent disruptions in the US banking system in March 2023. "It was necessary for the authorities ...

Industry bodies respond to QAR recommendations

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... providing advice for the meantime. "The recommendations that would have slashed consumer protections for advice provided by banks, insurers and fund managers were criticised by a broad range of stakeholders, including academics and independent financial ...

Treasury to scrap advice admin burdens, boosts intra-fund advice

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... representative; and holding representatives to an appropriate duty. Stream Three will examine the role for other institutions such as banks and insurers. "As Treasury is working on implementing the recommendation for superannuation funds to provide more ...