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Showing 14481 - 14490 of 17978 results for "Bank"

BNY Mellon to double corp trust share

The Australian subsidiary of Bank of New York Mellon plans to increase its market share in providing corporate trust-related services from around 35 per cent to up to 70 per cent, following its recent acquisition of the remaining 50 per cent stake of ...

US dollar slips after Federal Reserve cuts key interest rate

AAP  |  THURSDAY, 1 MAY 2008
... funds rate down to 2 per cent, its lowest level since late 2004. It marked the seventh consecutive rate cut by the central bank since it began easing credit conditions in September, when the funds rate had stood at 5.25 per cent. Though lower interest ...

Market Wrap - Midday

AAP  |  THURSDAY, 1 MAY 2008
... profit, as demand for credit from business and retail customers remained buoyant. Shares of Westpac, Australia's third largest bank, declined two cents to $24.47. Mr McPherson said he was surprised given Westpac's better-than-expected profit result. ...

NAB buys stake in Pengana

MICHAEL HOBBS  |  THURSDAY, 1 MAY 2008
National Australia Bank's (NAB) direct investment management business, nabInvest, has purchased roughly one third of funds management firm Pengana Capital. This minority stake represents nabInvest's second investment. The first, which they signed last ...

Market Wrap - Morning

AAP  |  THURSDAY, 1 MAY 2008
... Industry Group/PricewaterhouseCoopers Australian Performance of Manufacturing Index for April is released and the Reserve Bank of Australia commodity price index for April is due. In equities, Westpac Banking Corporation releases interim results this ...

Private wealth managers bank on CRM

RUTH LIEW  |  WEDNESDAY, 30 APR 2008
The need for bigger and better integrated customer management technologies is on the increase as private wealth managers jostle for a bigger share of the high net worth investors market. Eric Moore, director of sales and marketing at StayinFront Australia ...

Emerging market funds to be rated on sustainability

RUTH LIEW  |  WEDNESDAY, 30 APR 2008
... and governance (ESG) strategies into their investments if they wish to receive a high sustainability rating from the World Bank. IFC, the private sector division of the World Bank Group, is spearheading what it calls a first of its kind initiative to ...

Finsia names new president

MICHAEL HOBBS  |  WEDNESDAY, 30 APR 2008
The Financial Services Institute of Australasia (Finsia) has appointed Westpac group head of operational risk and compliance, Chris van Aanholt to president of the institute's board. In keeping with Finsia policy, van Aanholt succeeds Michael Shepard ...

Telstra Super eyes distressed debt

MICHAEL HOBBS  |  WEDNESDAY, 30 APR 2008
Telstra Super has committed more funds in distressed debt strategies in the past six months, echoing industry sentiment that the time may be ripe to look at assets hit by sub-prime. Nicole Connolly, Telstra Super portfolio manager for alternative assets ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 30 APR 2008
... At 0720 AEST, on the Sydney Futures exchange, the June share price index was down 50 points to 5,575. Today, the Reserve Bank of Australia financial aggregates data for March will be released and the Housing Industry Association new home sales data for ...