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Showing 1421 - 1430 of 17948 results for "Bank"

VFMC chair to retire

JAMIE WILLIAMSON  |  FRIDAY, 28 JUL 2023
The chair of the Victorian Funds Management Corporation will retire at the end of the month, with an interim replacement appointed. James MacKenzie has served as chair of VFMC since June 2015 but will retire from the board on August 23. During his tenure ...

Macquarie reports decline in earnings amid weaker trading

ANDREW MCKEAN  |  THURSDAY, 27 JUL 2023
... Macquarie announced that effective September 27, David Whiteing will be appointed as a non-executive director of Macquarie Bank. Whiteing has over 30 years' experience leading business and technology strategies, he has worked as global chief operating ...

Federal Reserve raises interest rates to a 22-year high

CASSANDRA BALDINI  |  THURSDAY, 27 JUL 2023
... picked up but remained well below prior years, reflecting higher mortgage rates. Like the sentiment shared by the Reserve Bank of Australia (RBA), Powell said inflation remains well above the Fed's long-term target goal. "Over the 12 months ending in ...

Inflation falls to 6%

CASSANDRA BALDINI  |  WEDNESDAY, 26 JUL 2023
... investments Russell Chesler pointed out that trimmed mean inflation remains considerably above the targets set by the Reserve Bank of Australia (RBA), indicating a high probability of the bank implementing a 25-basis points rise in August. "There remains ...

Recession risk is receding: Natixis IM

CHLOE WALKER  |  WEDNESDAY, 26 JUL 2023
... and 9% believe they won't be met until at least 2026. When it comes to future headwinds, geopolitics (72%) and central bank policy (72%) drew the strongest consensus. However, a quarter of strategists said geopolitics will not impact markets in the ...

Insurance firms defy inflationary shocks

KARREN VERGARA  |  WEDNESDAY, 26 JUL 2023
Life and general insurance companies are withstanding the shocks of inflation as investors look to the sector as a shield from wider economic uncertainties. Financial advice firms that specialise in life insurance are experiencing solid demand from ...

Credit Suisse fined $575m by regulators

CASSANDRA BALDINI  |  TUESDAY, 25 JUL 2023
US and UK regulators have imposed fines of $575 million (US$388 million) on the bank for risk management and governance failures related to the collapse of Archegos Capital Management. The US Federal Reserve has issued Credit Suisse a $394.84 million ...

KKR real estate arm reports $30m loss

CASSANDRA BALDINI  |  TUESDAY, 25 JUL 2023
KKR Real Estate Finance Trust Inc (KREF) has recorded a $29.7 million (US$20 million) loss in its second quarter ending June 30. KKR & Co. said its integrated real estate platform saw a loss of $0.37 per diluted share. When adjusted for non-recurring ...

Advisers service 120 clients on average

KARREN VERGARA  |  TUESDAY, 25 JUL 2023
... retirement planning (32%) and cashflow modelling (31%). There is also strong demand for their technology to integrate with bank accounts, trading tools, and appointment scheduling to support meeting growing client demand. In the past year, many advisers ...

Mercer appoints first Wealth Pacific chief

ANDREW MCKEAN  |  MONDAY, 24 JUL 2023
... served as managing director and global chief operating officer of client relations and marketing at RREEF (New York), Deutsche Bank's global alternative asset management wing. Marsh McLennan Pacific chief executive David Bryant commented: "Helping our ...