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| | | Macquarie stock has plummeted amid the COVID-19 sell-off, with shares taking a further 12.9% dive on Thursday. Since the beginning of the COVID-19 sell-off (February 21), Macquarie shares have taken a 47.6% hit. At the time of writing, the financial ... |
| | | | The Financial Planning Association of Australia is keeping itself busy amid COVID-19 uncertainty, with chief executive Dante De Gori urging the government to consider moves to ease the pressure on retirees, just weeks after he had an audience with the ... |
| | | | The Australian Banking Association (ABA) has announced banks will defer loan repayments for six months for small business, as the nation introduces measures to combat the impact of COVID-19. The ABA said the move is designed to combat unemployment and ... |
| | | | JP Morgan Chase & Co has committed $86 million (US$50 million) to address global public health and long-term economic challenges from the spreading COVID-19 pandemic. It comes as the World Health Organisation reports 786 new coronavirus-related deaths ... |
| | | | ... global markets around the world are down significantly," Stein said. "Again, I think the Fed did what it had to do and in the press conference, Powell still highlighted that health policy and other policies are going to carry the day." "We are living ... |
| | | | ... numbers from this factor. "It's an attractive option for a lot of people," he said. "They didn't get as much bad press through the Royal Commission and they're in growth-mode. Then there's that trust factor with the member base." |
| | | | The RBA has signaled it will begin quantitative easing after the US Federal Reserve implemented QE measures overnight and slashed its interest rate. The Fed's QE measures include a US$700 billion bond buying program, as part of its effort to offset ... |
| | | | The tough times in Australia's life insurance sector have forced the provider to overhaul its pricing. ClearView has revised its pricing across its Life Solutions stepped and hybrid income protection products, as the insurer battles to remain profitable ... |
| | | | The federal government has announced a $17.6 billion economic stimulus package, as it ramps up its efforts to dodge a coronavirus-sparked recession. It comes as the World Health Organisation regrades COVID-19 to a global pandemic, with 118,326 cases ... |
| | | | Fee cuts are eating into fund managers' operating margins, sending them to post-GFC levels, according to new research from Deloitte unit Casey Quirk. Publically listed managers' operating margins tumbled an average of 5.2% annually over the ... |
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