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Showing 1141 - 1150 of 1757 results for "Covid"

Chief economist update: BOJ takes breather on stimulus sprint

BENJAMIN ONG  |  THURSDAY, 16 JUL 2020
... purchases unchanged, promising that: "For the time being, the Bank will closely monitor the impact of the novel coronavirus (COVID-19) and will not hesitate to take additional easing measures if necessary, and also it expects short- and long-term policy ...

Banks brace for major loan losses

ALLY SELBY  |  WEDNESDAY, 15 JUL 2020
Three of the United States' biggest banks have set aside approximately $40 billion (US$28 billion) to brace for COVID-19 related loan losses, as Wells Fargo posts its first quarterly loss since the Global Financial Crisis. Citigroup saw its net income ...

Statewide overhauls risk management approach

ELIZA BAVIN  |  WEDNESDAY, 15 JUL 2020
Statewide Super has hit the refresh button on its approach to risk, prompted by COVID-19 and the Royal Commission. The funds recently appointed chief risk officer, Jason Muir said his goal is to refresh the industry fund's approach to risk in a post-COVID-19 ...

ERS sees 300,000 repeat applications

ELIZA BAVIN  |  WEDNESDAY, 15 JUL 2020
... applications may delay some funds. "High volumes of applications are expected for the start of the second tranche of the COVID-19 Early Release Scheme in early July," APRA said. "This may impact the processing time for payments being made by funds." ...

Spaceship Super gets boost from Voyager

KANIKA SOOD  |  TUESDAY, 14 JUL 2020
... at it in the past [getting an RSE licence]. It's not on our current super roadmap. APRA has advised -- and this has a COVID overlay to it -- they won't be accepting new applications," he said. He also rules out the possibility of buying an RSE ...

QIC appoints general manager

KANIKA SOOD  |  TUESDAY, 14 JUL 2020
... role also marks the end of Katrina's secondment to Queensland Treasury assisting in the Queensland government's COVID recovery efforts. In her new role, where she started on June 1, King will oversee the RFP and corporate information team, capital ...

ME Bank chief resigns

ELIZABETH MCARTHUR  |  TUESDAY, 14 JUL 2020
... years as chief executive, I believe now is the best time to hand over the reins to give ownership of the bank's post-COVID strategy development and long-term execution to a new chief executive." His resignation will be effective from the end of July ...

Global public debt to reach 101.5% of GDP: IMF

ELIZA BAVIN  |  MONDAY, 13 JUL 2020
... has predicted global public debt will rise to its highest levels in history as a result of the economic fallout from the COVID-19 pandemic. In the face of a sharp decline in global output, a massive fiscal response has been necessary to increase health ...

ATO extends WFH deductions

ALLY SELBY  |  MONDAY, 13 JUL 2020
Australians will be able to claim 80 cents for every hour they worked at home due to COVID-19, with the ATO extending the simplified tax deduction method until September 30. Taxpayers will only be required to keep a record of the hours they worked from ...

Australians without advice struggle in pandemic: Research

ALLY SELBY  |  FRIDAY, 10 JUL 2020
... value of advice, as the mental and financial wellbeing of Australia's unadvised population suffers from the impacts of the COVID-19 crisis. Fidelity International's latest Pulse Survey, which gauged the mental and financial wellbeing of 200 advised and ...