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Showing 1271 - 1280 of 3673 results for "Maintain"

Banks urged to step up

ELIZABETH MCARTHUR  |  FRIDAY, 22 MAY 2020
Reserve Bank of Australia governor Philip Lowe and APRA chair Wayne Byres have called on the big banks to support the Australian COVID-19 recovery, rather than their shareholders. Speaking during a FINSIA webinar, Lowe said over the past decade APRA ...

Fund pulls mandate, alters pandemic definition

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 MAY 2020
QSuper will take the management of its social responsible investment option in house and has changed the definition of pandemic illness. AMP Capital will no longer manage QSuper's socially responsible investment option as of 1 July 2020. "This change ...

ASIC revokes AFSL suspension, cancels another

ELIZA BAVIN  |  TUESDAY, 19 MAY 2020
... under administration and is being wound up," the regulator said. "As part of the cancellation, Tailormade is required to maintain its membership of the Australian Financial Complaints Authority for a minimum of 12 months and hold adequate professional ...

Asset allocation in a post-pandemic world

ELIZA BAVIN  |  THURSDAY, 14 MAY 2020
In times of extreme volatility, it's more important than ever to ensure proper diversification, but the decisions made now will affect performance once we return to the status quo. Within the allocation to growth and defensive assets, it's crucial to ...

Revenues lift 30% at Xero

ALLY SELBY  |  THURSDAY, 14 MAY 2020
Accounting software company Xero has seen its full year earnings to March 31 lift 30% to $718.2 million, as financial advisers and accountants shift to digital solutions to run their businesses. Xero's net profit rose to $3.3 million; a $30.5 million ...

Culture is key in a crisis: Australian Ethical

ALLY SELBY  |  WEDNESDAY, 13 MAY 2020
... they didn't try to fix it themselves - I think from a risk culture perspective it's really important that people maintain those values of being open and honest. "It's better to know that things aren't working properly [through an employee] ...

Australia facing largest ever GDP fall

ELIZA BAVIN  |  WEDNESDAY, 13 MAY 2020
Treasurer Josh Frydenberg outlined a bleak future for the Australian economy in a speech to parliament, forecasting GDP to fall over 10% in the June quarter. The figure would be the largest contraction in GDP in Australia's history. "At $50 billion ...

CBA sells 55% of CFS

JAMIE WILLIAMSON  |  WEDNESDAY, 13 MAY 2020
... its strategy to focus on its core banking businesses and allow CFS to become a more focused standalone entity. It will maintain its 45% stake in the business while this transaction is carried out and will further assess its longer-term options thereafter ...

Fundamentals return to the forefront in EM

ELIZA BAVIN  |  TUESDAY, 12 MAY 2020
... prepared to deal with sudden stops in business than their counterparts in the developed-market world." Overall, they maintain a neutral stance on EMD, noting that many countries face significant challenges and price declines will not be enough to compensate. ...

Government delays RC implementation timeline

HARRISON WORLEY  |  MONDAY, 11 MAY 2020
The government has deferred the implementation of Royal Commission recommendations by six months. The amended timetable sees measures the government was committed to deliver by June 30 set to arrive by December, and measures scheduled for December now ...