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Showing 51 - 60 of 5713 results for "Banks"

Payday super timing, deliberate: Chalmers

CASSANDRA BALDINI  |  TUESDAY, 5 DEC 2023
... significant changes to payroll systems and to employer payroll processes," he said. "After all, they already submit payroll to banks, so they just need to be able to submit superannuation with payroll to super funds." He explained that some employers ...

Young women report low financial literacy: NAB

CASSANDRA BALDINI  |  FRIDAY, 24 NOV 2023
... "The most important thing to remember is there is no such thing as a silly question when it comes to finance," he said. "Banks have an obligation to explain things in simple language, so people should feel confident about asking as many questions as ...

Small, large entity regulation needs balance: APRA

KARREN VERGARA  |  WEDNESDAY, 22 NOV 2023
... they don't suffer unnecessary regulatory burdens to avoid a similar scenario in the US with the collapse of regional banks, APRA says. APRA chair John Lonsdale boasted about confidence in Australia's prudential regulation in contrast to a series ...

Interest rate hikes are working: Bullock

KARREN VERGARA  |  TUESDAY, 21 NOV 2023
... prices of petrol and energy and rent. "[There is] actually an underlying demand component to it. That's what the central banks are trying to get on top of. It's often said that if there's just supply shocks, central banks should just look ...

Aussie banks deliver record profits in FY23

CASSANDRA BALDINI  |  TUESDAY, 14 NOV 2023
Australia's major banks have achieved skyrocketing returns of $32.5 billion, up 14% from last year, driven by loan growth, margin expansion and the continued decline in notables. This year, profits exceeded the previous record set in 2017 at $31.2 ...

Inflation still too sticky: Report

CHLOE WALKER  |  MONDAY, 13 NOV 2023
... slower than its history of easing more 'pre-emptively'. "The RBA was slower to initially hike than other major global central banks to create a narrow path for a loft landing and/or maintain gains in the labour market, but the trade-off is longer time ...

Base rate lifts to 4.35%

KARREN VERGARA  |  WEDNESDAY, 8 NOV 2023
... to give inflation any more leeway over summer for it to turn into something bigger than a blip," she said. The big four banks typically take 10 to 14 days to charge variable borrowers higher rates and give customers between two to three months' notice ...

Federal Court freezes assets of pension platform

CASSANDRA BALDINI  |  MONDAY, 30 OCT 2023
... qualifying recognised overseas pension schemes, and self-managed superannuation funds. According to court documents, Justice Banks-Smith ordered that Brite be restrained from removing property from Australia, diminishing the value of any of its property ...

EG grows private wealth strategy

CHLOE WALKER  |  THURSDAY, 26 OCT 2023
... managers swoop in on the opportunities a rapidly rising interest rate environment presents. "As lending declines from the major banks, we have recognised a funding gap within the market," Walt said on the joint venture. "That's why private debt has ...

Pepper Money launches SMSF loan offering

CASSANDRA BALDINI  |  MONDAY, 23 OCT 2023
... previous year. Amid the resurgence of individuals seeking suitable investment properties for their funds and the exit of major banks from the market, Pepper Money said it aims to fill the market gap with its "timely" launch. Pepper Money's general manager ...