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Showing 1411 - 1420 of 17948 results for "Bank"

ACCC slams door on ANZ, Suncorp deal

CASSANDRA BALDINI  |  FRIDAY, 4 AUG 2023
... these markets will lead to customers getting a worse deal." Keough reinforced the need for second-tier banks such as Suncorp Bank and explained such institutions are important competitors against the major banks. "... especially because barriers to new ...

Link Group to cop $418m loss

JAMIE WILLIAMSON  |  THURSDAY, 3 AUG 2023
Link Group has advised investors it expects to post a $417.7 million loss for FY23, largely the result of its issues in the UK. In April, Link Group reached a conditional agreement with the UK regulator, the Financial Conduct Authority, to settle its ...

ASX appoints former ASIC chair to lead advisory group

CASSANDRA BALDINI  |  THURSDAY, 3 AUG 2023
... at a roundtable held yesterday in Sydney. The roundtable, hosted by ASIC and joined by the ASX and members of the Reserve Bank of Australia (RBA), aimed to address longstanding industry concerns related to the CHESS replacement project. The discussion ...

Mortgage holders, retailers relax after rate pause

KARREN VERGARA  |  WEDNESDAY, 2 AUG 2023
Mortgage holders and retailers breathed a resounding sigh of relief when the Reserve Bank of Australia (RBA) steadied the cash rate for the second month in a row. In leaving the base rate at 4.1%, the RBA signalled that its monetary policy strategy ...

RBA sustains cash rate at 4.1%

KARREN VERGARA  |  TUESDAY, 1 AUG 2023
The Reserve Bank of Australia (RBA) left the cash rate unchanged again at 4.1% but warns that more hikes are necessary to tame inflation. Outgoing governor Philip Lowe said Australia's central bank remains "resolute in its determination to return ...

AustralianSuper grows global team with numerous hires

ANDREW MCKEAN  |  TUESDAY, 1 AUG 2023
... shaping investment strategies across all major asset classes. Shah, formerly of Tesco Pension Fund, has held roles at The Bank of England, Goldman Sachs, and BMO Global Asset Management. At AustralianSuper, Shah manages the fund's government bonds ...

FinClear buys cash investment platform

JAMIE WILLIAMSON  |  TUESDAY, 1 AUG 2023
Adding to its growing suite of services, FinClear acquired Transact1, a cash investment solution used by both wholesale and institutional investors. FinClear said it is capitalising on growing demand for cash investment products, saying Transact1 positions ...

Review forces ASX to fix intra-group conflicts

KARREN VERGARA  |  MONDAY, 31 JUL 2023
... Settlement, with respect to the current governance of CHESS and its long-drawn-out replacement. HSF was tasked by the Reserve Bank of Australia on 15 December 2022 to review the group's governance framework. The ASX had already introduced several ...

CommSec launches global share trading platform

JAMIE WILLIAMSON  |  MONDAY, 31 JUL 2023
... new service will initially be made available on the CommSec website, to be made available via the app in time. Commonwealth Bank also plans to integrate the functionality into its CommBank app. CBA said the service offers fast account set-up and access ...

Aware Super details new term deposit option

JAMIE WILLIAMSON  |  MONDAY, 31 JUL 2023
... members with a balance of more than $15,000 in a standalone investment option. Describing them as an attractive alternative to bank-issued term deposits, members can invest part of their super for three, six, nine or 12 months, with Aware saying the ...