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Showing 151 - 160 of 5720 results for "Banks"

SVB, Signature Bank securities up for sale

KARREN VERGARA  |  WEDNESDAY, 12 APR 2023
... Corporation recently announced that it retained BlackRock Financial Market Advisory to sell the securities of the two collapsed banks. Signature Bank has about US$27 billion while SVB has US$87 billion in securities comprising agency mortgage-backed ...

Pension fund ousts chief over US bank losses

JAMIE WILLIAMSON  |  WEDNESDAY, 12 APR 2023
... in the interim. In March, Alecta admitted it had incurred significant losses as a result of its investments in the three banks. The losses were in the realm of $2.8 billion. The fund said it has been working since to isolate the losses and understand ...

Lowe reinforces more hikes may come

ANDREW MCKEAN  |  THURSDAY, 6 APR 2023
... and governance challenges. "It's worth recalling that the task of controlling inflation has been assigned to central banks following years of experience with other arrangements that did not work out so well," Lowe said.

Economists divided: RBA's moment of truth looms

ANDREW MCKEAN  |  TUESDAY, 4 APR 2023
... split on the Reserve Bank of Australia's (RBA) upcoming decision on whether to raise the cash rate from 3.6%. The major banks are at odds: ANZ and NAB forecast a 25 basis point cash rate hike, while Commonwealth Bank and Westpac anticipate the RBA ...

New Australian digital assets bill to regulate crypto

ANDREW MCKEAN  |  THURSDAY, 30 MAR 2023
... issuers to hold the full amount of their face value liabilities in accounts with an Australian ADI. Further, the Bill requires banks and financial institutions to disclose their use and management of foreign CBDCs in Australia to ASIC and the Reserve ...

We need to be ready: APRA

CASSANDRA BALDINI  |  WEDNESDAY, 29 MAR 2023
... explained. APRA recently finished analysing the results of its latest stress test that covered the nation's 10 largest banks. Lonsdale commented "the results give us some confidence." "However, our work on building resilience in the system is never ...

It's not 2008, but there's likely more pain ahead: Iggo

CHLOE WALKER  |  TUESDAY, 28 MAR 2023
... Financial Crisis, AXA IM's Chris Iggo has warned there may be more problems ahead as investors reconsider their holdings in banks and related assets. AXA IM's chief investment officer said the risk is also attributable to potential credit impairments ...

Rest switches up recruitment focus

ELIZABETH FRY  |  FRIDAY, 24 MAR 2023
... it's best not to be too definitive - that maybe now's not the time to stick one's neck out and claim central banks will stop raising rates and then predict the implications for equity markets," he says. He reckons the US central bank is fixated ...

RBA rate rises up in the air: Economists

CASSANDRA BALDINI  |  FRIDAY, 24 MAR 2023
... not completely off the table. "The RBA certainly can't lean into the banking issues offshore given US and European central banks have hiked this week," Commonwealth Bank head of Australian economics and market research Gareth Aird told Financial Standard. ...

Global alternatives manager lands down under

ELIZABETH FRY  |  FRIDAY, 24 MAR 2023
... his 12-year stint at HSBC as director of institutional sales, where he focused on sales and distribution to super funds, banks and asset managers. Before that, he worked for Deutsche Asset Management and Westpac. GCM is the second Chicago firm to establish ...

Editor's Choice

Early release of super scammers cop prison time

KARREN VERGARA
Three people will go to prison after pleading guilty to defrauding the COVID-19 early release of superannuation scheme for $103,500.

Super funds slash external mandates by 54%

KARREN VERGARA
The number of investment managers winning institutional mandates has tanked 54% in less than two years as superannuation funds ramp up the in-house management of assets, Rainmaker Information research reveals.

ASIC tells super funds to 'step it up'

ELIZA BAVIN
ASIC commissioner Simone Constant delivered a stern warning to super fund trustees.

Brookfield bids for majority stake in Neoen

ANDREW MCKEAN
Brookfield and its institutional partners have lobbed a bid to acquire a 53% majority stake in French renewable energy company Neoen.

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Jason Huljich

JOINT CHIEF EXECUTIVE OFFICER
CENTURIA CAPITAL LIMITED
A single decision can change your life, and that's exactly what Centuria Capital joint chief executive Jason Huljich learned when he came to Australia in the 1990s. Eliza Bavin writes.
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