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Showing 91 - 100 of 4467 results for "Banking"

VFMC chair to retire

JAMIE WILLIAMSON  |  FRIDAY, 28 JUL 2023
... chair. "Lisa is a highly regarded non-executive director with financial services experience in funds management, investment banking and stockbroking," VFMC said. In her executive career, Gay spent 20 years at Goldman Sachs. In terms of non-executive ...

Macquarie reports decline in earnings amid weaker trading

ANDREW MCKEAN  |  THURSDAY, 27 JUL 2023
... related earnings from green energy projects in its asset management division. Macquarie Capital, the group's investment banking division, also saw a reduction in fees and commission income. However, this was partially offset by an increase in income ...

Recession risk is receding: Natixis IM

CHLOE WALKER  |  WEDNESDAY, 26 JUL 2023
... and economists at Natixis IM and 13 of its affiliated investment managers, as well as Natixis corporate and investment banking. It revealed only 19% of respondents see a significant risk of recession in H2 2023, while half rate recession as a low risk. ...

Insurance firms defy inflationary shocks

KARREN VERGARA  |  WEDNESDAY, 26 JUL 2023
... investments for Australasia Paul Taylor. "Within financial services, we have a definite preference for insurance over banking," he said. "Many Australians are seeing their home and car insurance premiums increase substantially because a lot of capital ...

KKR real estate arm reports $30m loss

CASSANDRA BALDINI  |  TUESDAY, 25 JUL 2023
... real-time market knowledge encompassing both debt and equity aspects. "KREF also continues to benefit from our long-standing banking relationships as part of the broader KKR franchise and in the first half of 2022, increased and extended the duration ...

Regulators begin FAR consultation

CHLOE WALKER  |  THURSDAY, 20 JUL 2023
... of the FAR by the financial services industry. As previously reported by Financial Standard, the FAR will replace the Banking Executive Accountability Regime (BEAR) and it is designed to improve the risk and governance cultures of all APRA-regulated ...

Wealth management ecosystem at critical inflection point: Citi

ANDREW MCKEAN  |  THURSDAY, 20 JUL 2023
... to consolidation in the industry." Drawing from the insights of 170 participants across wealth management and private banking industries, 69% of respondents anticipate accelerated consolidation. Citi head of research Andrew Pitt said: "The wealth industry ...

Westpac closes Specialist Businesses Division

JAMIE WILLIAMSON  |  THURSDAY, 20 JUL 2023
... executive Peter King said. While the restructure primarily includes introducing dedicated group executives for consumer banking and business banking and creating an expanded shared services team, it will also see the closure of the Specialist Businesses ...

Super framework ideal for advice: Jones

KARREN VERGARA  |  MONDAY, 17 JUL 2023
... Australians can access advice more easily, Jones said that it was a "much safer sandbox" compared to other industries like banking or other managed investment schemes. "If we can't make it work inside of RSEs or inside of superannuation funds, it's ...

CBA staff head to Fair Work over WFH policy

JAMIE WILLIAMSON  |  THURSDAY, 13 JUL 2023
The Finance Sector Union will front the Fair Work Commission on behalf of Commonwealth Bank staff, fighting the banking giant's mandate that staff be in the office 50% of the time. At the end of May, CBA told staff that they would be required to work ...