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Showing 1 - 10 of 245 results for "Republic"

Private credit boom sweeps Australia

KARREN VERGARA  |  TUESDAY, 10 OCT 2023
... companies in the technology and healthcare industries. The stunning failures of Credit Suisse, Signature Bank, First Republic Bank, and Silicon Valley Bank have left a void in the traditional banking space, with fixed income giant PIMCO weighing in on ...

Australia-UK FTA a boon for local business

KARREN VERGARA  |  FRIDAY, 2 JUN 2023
... partner," he said. Australia's top 10 trading partners during 2018-19 were China (26%), Japan (9.9%), the US (8.6%), the Republic of Korea (4.6%), Singapore (3.7%), New Zealand (3.4%), the UK (3.4%), India (3.4%), Malaysia (2.8%), and Thailand (2.8%). ...

US debt ceiling agreement reached

CASSANDRA BALDINI  |  MONDAY, 29 MAY 2023
An eleventh-hour tentative deal has been struck by US lawmakers to raise the debt ceiling and avoid a national default disaster. US President Joe Biden and House Speaker Kevin McCarthy announced on Sunday their agreement to raise the $48 trillion (US$31.4 ...

Could the anti-woke movement come to Australia?

ROSE MARY PETRASS  |  WEDNESDAY, 24 MAY 2023
At a recent conference, industry leaders delivered a stark warning to Australian companies and government to ensure that workers are not left behind in a just transition to net zero - or risk the kind of political polarisation and populism that has ...

US default risk: Are credit default swaps signalling trouble?

ANDREW MCKEAN  |  WEDNESDAY, 17 MAY 2023
A Western Asset product specialist says rising credit default swap (CDS) spreads have sparked concerns. However, he downplayed the risk of a US default, calling it a "very low probability event". Robert Abad recalled the sole instance of a "technical" ...

JPMorgan acquires First Republic Bank

CASSANDRA BALDINI  |  TUESDAY, 2 MAY 2023
... assets. Californian authorities, alongside the Federal Deposit Insurance Corporation (FDIC), closed the doors to First Republic on Monday, in hopes of ending the bitter turmoil within the US banking market. First Republic, which in April had approximately ...

JPMorgan among banks to bid in First Republic sale

CASSANDRA BALDINI  |  MONDAY, 1 MAY 2023
... and Citizens Financial Group are said to be among those to toss their name in the ring to take over the embattled First Republic Bank. US regulators are rushing to sell First Republic and prevent yet another bank collapse after it released disastrous ...

Venture capital rout rattles advice technology sector

KARREN VERGARA  |  MONDAY, 1 MAY 2023
... spokesperson said. Creativemass was founded in 2017 by Michael Rouse. In mid-2020, US investment banking services provider Republic Capital Group injected an undisclosed amount into Creativemass. In the lead up to its demise, Craig Grogan was appointed ...

$100bn withdrawal triggers First Republic stock plunge

ANDREW MCKEAN  |  WEDNESDAY, 26 APR 2023
First Republic Bank's stock price has nosedived following disastrous Q1 2023 results, marked by enormous deposit outflows and decreased revenues. First Republic's results for Q1 2023 showed a 13.4% decrease in revenues, a 19.4% decrease in net interest ...

Pension fund ousts chief over US bank losses

JAMIE WILLIAMSON  |  WEDNESDAY, 12 APR 2023
... as it looks to recover from large losses resulting from investments in Silicon Valley Bank, Signature Bank and First Republic Bank. Overnight, Magnus Billing was axed as chief executive with immediate effect. He has been replaced by Katarina Thorslund ...
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