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Showing 1131 - 1140 of 5945 results for "Banks"

Chief economist update: Policy of patience

BENJAMIN ONG  |  THURSDAY, 2 MAY 2019
... present, and the unemployment rate higher. International developments? The U-turn towards easier policy among world central banks is starting to regenerate global growth momentum. Not to mention, the peace dividend that a US-China trade deal brings. ...

IRESS partners with bank

ELIZABETH MCARTHUR  |  THURSDAY, 2 MAY 2019
Financial technology provider IRESS has partnered with one of Australia's newest banks for a streamlined mortgage offering. A new partnership between IRESS and Volt will see IRESS' mortgage software, MSO, rolled out to Volt's mortgage customers. One ...

Industry funds announce $26bn joint venture

KANIKA SOOD  |  WEDNESDAY, 1 MAY 2019
... advice and to identify the extent to which this was possible," Fairley said. There was no external advisers like investment banks, apart from the big four accounting firms. The journey was smoothed by the overlap between the two super fund's key ...

Westpac reveals Magnitude, Securitor adviser remediation

HARRISON WORLEY  |  WEDNESDAY, 1 MAY 2019
... approach to dealing with its potential advice remediation bill of $1.15 billion, noting in particular that Australia's big banks had taken too long to conduct further reviews into the fees-for-no-service issues.

Big banks forced to cut costs: Perennial Value

ELIZABETH MCARTHUR  |  WEDNESDAY, 1 MAY 2019
Despite a positive economic and regulatory outlook, Australia's big banks will look to cut costs as the fallout from the Royal Commission continues. That is the view of Perennial portfolio manager Andrew King, who said ongoing efforts to remediate customers ...

Chief economist update: Inflation is dead

BENJAMIN ONG  |  MONDAY, 29 APR 2019
... take, back in the grim old days from the 1950s to the late 1980s are no more. Back then the monetarists ruled and central banks were able to tame inflation, leading to what we now see as the great moderation of the 1990s. This has lingered and was going ...

Chief economist update: Lock in two RBA rate cuts

BENJAMIN ONG  |  FRIDAY, 26 APR 2019
... now at 5%, although wages growth have only picked up from 2.1% (then) to 2.3% (Dec 2018 quarter latest available). Central banks around the world have used the mantra, "we need to raise interest rates now to avoid lifting rates by more in the future". ...

APRA grants ADI licence to Judo Bank

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 APR 2019
... Japan, welcome Judo Bank's news. He said: "Congratulations to the team at Judo for passing such a significant milestone. More banks means better choice and that's great news for Australians, who have long-deserved better products and services than those ...

Fire drills needed to meet APRA standards

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 APR 2019
... eradicating it, recovering from the incident and then learning from the incident. "In relation to APRA prudential standards banks already have infinite response teams. But what we're finding with the super funds - particularly the smaller super funds ...

Chief economist update: China is back on track

BENJAMIN ONG  |  TUESDAY, 23 APR 2019
... 2018 to aid infrastructure investment as well as signalling further reductions in the reserve requirement ratio for smaller banks. So much so that when the Chinese Politburo met and reviewed the economy's first quarter performance on Good Friday ...