Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 121 - 130 of 5722 results for "Banks"

UBS completes landmark Credit Suisse acquisition

ANDREW MCKEAN  |  TUESDAY, 13 JUN 2023
... because Credit Suisse was experiencing a crisis of confidence, which manifested in considerable outflows of client funds. The banks predicament was worsened by recent disruptions in the US banking system in March 2023. "It was necessary for the authorities ...

Industry bodies respond to QAR recommendations

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... providing advice for the meantime. "The recommendations that would have slashed consumer protections for advice provided by banks, insurers and fund managers were criticised by a broad range of stakeholders, including academics and independent financial ...

Treasury to scrap advice admin burdens, boosts intra-fund advice

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... representative; and holding representatives to an appropriate duty. Stream Three will examine the role for other institutions such as banks and insurers. "As Treasury is working on implementing the recommendation for superannuation funds to provide more ...

Treasury mandates APRA consider climate risks in duties

RACHEL ALEMBAKIS  |  FRIDAY, 9 JUN 2023
... an updated statement of expectations for APRA which includes the adoption of climate reporting standards by super funds, banks and insurers. "For the first time, the government is explicit in requiring the regulator to consider risks related to climate ...

Cheques to wind down by 2030: Chalmers

CASSANDRA BALDINI  |  THURSDAY, 8 JUN 2023
... have a smooth and well-planned process to phase out this form of payment," said ABA chief executive Anna Bligh. "Australian banks will work with the government to ensure that customers and businesses are ready for a gradual and orderly phase out." Linked ...

Dexus, Partners Wealth Group airport fund to take off

CHLOE WALKER  |  MONDAY, 5 JUN 2023
... said. Partners Private was launched in December 2021 to provide access to investments traditionally reserved for investment banks and family offices.

Quality stocks outperform on average: Bell AM

CASSANDRA BALDINI  |  MONDAY, 5 JUN 2023
... within the world of financial services. "In March we saw the collapse of Silicon Valley Bank (SVB) and some of the regional banks in the US, we saw Credit Suisse go up in a puff of smoke and so balance sheet strength becomes the first thing people start ...

JPMorgan developing investment advice AI

ANDREW MCKEAN  |  TUESDAY, 30 MAY 2023
... of AI, anticipate regulations, and promote trust with clients, customers, and communities. In line with this, during the banks Investor Day Conference, chief information officer Lori Beer noted that an interdisciplinary team assists in assessing risks ...

Treasury proposes upping supervisory levies

ANDREW MCKEAN  |  FRIDAY, 26 MAY 2023
... 2023-24 financial years across industry sectors. Authorised deposit-taking institutions (ADIs), including large and small banks, building societies, and credit unions, experienced a slight increase from $91.4 million to $91.6 million. ADIs are forecast ...

Investors flock to conservative ETFs: Podcast

CASSANDRA BALDINI  |  THURSDAY, 25 MAY 2023
... Meanwhile, equities ETFs are seeing almost no growth, he said; "Like one or 2%." "What's interesting as well is that, because banks haven't increased cash deposit rates at anywhere near the same rate as interest rates, there's a lot more ...