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Showing 121 - 130 of 398 results for "Mistake"

Chief economist update: RBA justified to cut rates or not

BENJAMIN ONG  |  FRIDAY, 28 JUN 2019
There's no question about it, for sure and for certain the Reserve Bank of Australia (RBA) will cut interest rates again. RBA governor Philip Lowe told us so when he addressed the Committee for Economic Development of Australia (CEDA) event in Adelaide ...

John Key under fire

ELIZABETH MCARTHUR  |  TUESDAY, 25 JUN 2019
... banks didn't have enough by way of reserve," Peters said. Peters also denounced Key for blaming the capital requirements mistake on a "low surrogate" at the bank. Key said in a press conference the issue was created by a "mistake" caused by a "junior ...

Chief economist update: Another RBA rate cut should be enough

BENJAMIN ONG  |  MONDAY, 17 JUN 2019
The Aussie dollar is down. Repeat, the Aussie dollar is down! The A$/US$ exchange rate closed at US$0.6879 - down 2.3% this year to date its lowest level in three years - at the end of last week's trading. The local currency is down 1.8% (year-to-date) ...

New tax-effective Aussie shares fund

KANIKA SOOD  |  THURSDAY, 30 MAY 2019
A Sydney boutique that says the highest bracket of tax payers can lose 40% of the returns on their Aussie shares portfolio to taxes has launched a new fund aiming to solve the problem. Redpoint Investment Management is starting a quantitative equities ...

Members ignorant about super fund differences: Research

KARREN VERGARA  |  WEDNESDAY, 22 MAY 2019
Many superannuation fund members that don't understand the difference between retail and industry funds highlights the need for education and comparison tools, a new survey finds. The research from Australian Institute of Superannuation Trustees, which ...

Chief economist update: EUr next

BENJAMIN ONG  |  WEDNESDAY, 10 APR 2019
... $11 billion of EU products! The EU has taken advantage of the U.S. on trade for many years. It will soon stop!" Make no mistake, this is not an empty threat. Trump will follow through. The Sino-US trade war escalated the same way - via Twitter - when ...

Institutions respond to Royal Commission, make commitments

HARRISON WORLEY  |  TUESDAY, 5 FEB 2019
Australia's largest financial institutions said they are committed to improvement following the release of Royal Commission's final report. Landing yesterday, the report was scathing in its assessment of banking executives. Commissioner Hayne said the ...

Industry Super Australia attacks Future Fund concept

HARRISON WORLEY  |  TUESDAY, 29 JAN 2019
... for industry superannuation suggests defaulting workers' retirement savings into the Future Fund would be a costly mistake. According to Industry Super Australia, workers would be about $124,000 worse off if their superannuation was with the Future ...

ANZ lambasted for breach reporting delays

KARREN VERGARA  |  WEDNESDAY, 28 NOV 2018
ANZ is the slowest and an "outlier" among the major banks to report significant breaches, the Royal Commission heard this morning. ANZ chief executive Shayne Elliott couldn't justify why the bank took 213 days to report significant breaches (despite ...

Wealth an unnecessary failure: Thorburn

HARRISON WORLEY  |  MONDAY, 26 NOV 2018
NAB chief executive Andrew Thorburn said the venture into wealth management by Australia's big banks was most likely a failure. Opening the final week of hearings into misconduct in financial services today in Melbourne, counsel assisting Michael Hodge ...