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Showing 1461 - 1470 of 5948 results for "Banks"

Chief economist update: Next move in rates will likely be up, but it's not certain

BENJAMIN ONG  |  WEDNESDAY, 7 MAR 2018
... NAB predicts "25 percentage point interest rates hikes in August and November next year." Fast forward to 2018 and both banks have changed their tune - no rate hike this year for the ANZ and only one (in November) for NAB - and justifiably so. For growth ...

Chief economist update: The risks just got real

BENJAMIN ONG  |  MONDAY, 5 MAR 2018
An influx of economic data and surveys are set for release this week. The central banks of Australia, Canada, the Eurozone and Japan are also scheduled to meet. Don't bother with any of them. Whatever the indicators indicate and the central banks decide ...

NPP to take super by storm: Research

KARREN VERGARA  |  THURSDAY, 1 MAR 2018
... denied them access to Apple's digital payment technology, Apple Pay, in March last year. This access would have enabled the banks to offer their own integrated digital wallets to iPhone customers in competition with Apple's digital wallet without using ...

Chief economist update: New Fed chief, same policy direction (but more transparent)

BENJAMIN ONG  |  WEDNESDAY, 28 FEB 2018
... not sure you realise that what you heard is not what I meant." Times have changed since 'the Maestro's' reign. The central banks of today are bending over backwards to signal the change in stances in monetary policy to the point of transmitting their ...

CBA affirms BBSW position

DARREN SNYDER  |  TUESDAY, 27 FEB 2018
... advantage, and to the disadvantage of parties with an opposite exposure to the BBSW. Further, CBA knew or believed that other banks, including ANZ, NAB and Westpac, also engaged in this trading practice, the initial document said. CBA entered into products ...

Chief economist update: Three minutes

BENJAMIN ONG  |  MONDAY, 26 FEB 2018
Three out of three central banks kept monetary settings unchanged at their most recent meetings - what's more important is where the central banks think we are and where they plan to take us. The minutes of the meetings of the Reserve Bank of Australia ...

Vertically aligned institutions pay $21.4m compensation

KARREN VERGARA  |  WEDNESDAY, 21 FEB 2018
ASIC said clients of the big four banks and AMP who received non-compliant financial advice will be compensated a further $21.4 million. This adds to the $30 million compensation bill ASIC announced in March 2017 after it investigated how large institutions ...

Chief economist update: The dog ate my growth target

BENJAMIN ONG  |  TUESDAY, 20 FEB 2018
... trillion outcome. With the increased liquidity in the economy comes increased lending. New yuan loans provided by China's banks surged to a record CNY2.9 trillion in January, a five-fold increase from the CNY584.4 billion recorded in December 2017. The ...

La Trobe marches credit fund beyond $2bn

DARREN SNYDER  |  FRIDAY, 16 FEB 2018
... benchmark index have fallen over the year, which has been driven by all-time low cash rates and increased competition from the banks resulting in the tightening of margins." US private equity giant Blackstone recently purchased an 80% stake in La Trobe. ...

IFAs tackling bank-owned competitors head on

KARREN VERGARA  |  FRIDAY, 16 FEB 2018
... competition head on. According to GlobalData's 2017 IFA survey, only a handful of IFAs perceive competition from universal banks as a threat. The data analytics firm highlighted opportunities for IFAs to showcase their value proposition after ASIC's ...