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Showing 1111 - 1120 of 5947 results for "Banks"

Chief economist update: The rate cut Australia has to have

BENJAMIN ONG  |  TUESDAY, 4 JUN 2019
... Australian Prudential Regulations Authority's (APRA) announcement its ditching its minimum 7% serviceability interest rate banks are required to apply when lending to borrowers (on top of doing away with its restrictions limiting banks' loans ...

Shock win leaves investors worse off

HARRISON WORLEY  |  MONDAY, 3 JUN 2019
... pre-Global Financial Crisis highs. Core holdings for many self-directed investors and self-managed superannuation funds, the big banks made gains including Westpac adding more than 9%. Meanwhile, Mortgage Choice's share price surged 14.5% to 91 cents ...

Regional Australia Bank and Holiday Coast merge

ELIZABETH MCARTHUR  |  FRIDAY, 31 MAY 2019
Members of Regional Australia Bank and Holiday Coast Credit Union voted in favour of merging the banks in separate special general meetings this week. The vote resulted in over 90% of members agreeing to a resolution that will now see one of the largest ...

Chief economist update: ECB exit proves premature

BENJAMIN ONG  |  FRIDAY, 31 MAY 2019
... Subdued bank profitability prospects related to slow progress in addressing structural issues. Like other major world central banks, the ECB wants to bring back monetary policy towards normality. But perhaps, it was a little too soon when it ended its ...

Chief economist update: The greatest challenge of our time

BENJAMIN ONG  |  THURSDAY, 30 MAY 2019
... Powell warned below-target inflation is "one of the major challenges of our time", saying: "That's something that central banks face all over the world." True that. The chart below shows latest core CPI inflation measures among the world's major ...

Super funds can spearhead infrastructure: Expert

HARRISON WORLEY  |  WEDNESDAY, 29 MAY 2019
... the Australian economy. Thomas said it was hard to put a number on it, but noted the decision of Australia's big four banks to jettison their wealth management operations was mathematical. The big banks certainly tried the wealth management and life ...

Banks sluggish on Indigenous financial inclusion

KARREN VERGARA  |  WEDNESDAY, 29 MAY 2019
... financial products and services compared to other Australians. Many expressed the trouble they experience in getting help from banks or financial counsellors, which included long wait times for appointments. Some participants commented they did not know ...

Chief economist update: Glass half-full or US recession on the way?

BENJAMIN ONG  |  WEDNESDAY, 29 MAY 2019
... he became UK Prime Minister 1940-1945) but Churchill's words now resonate in the conundrum most major world central banks face - low (even multi-decade low) unemployment rates and low (even easing) inflation. For all intents and purposes, the Fed's ...

Big four satisfaction on road to recovery

HARRISON WORLEY  |  TUESDAY, 28 MAY 2019
... months after Kenneth Hayne handed down his final report into misconduct in financial services, customers of the big four banks are starting to feel more satisfied. Latest Roy Morgan findings show customer satisfaction with Australia's largest banks is ...

Chief economist update: The power of one

BENJAMIN ONG  |  TUESDAY, 28 MAY 2019
... Financial Standard has called it before Bill did - in early June last year. Back when the chief economists of the Big Four Banks were revising their forecasts from two rate HIKES to one rate HIKE to NONE. Financial Standard was also the first to prescribe ...