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Showing 1541 - 1550 of 6454 results for "Fed"

ASIC launches investigation into Westpac

ELIZABETH MCARTHUR  |  TUESDAY, 26 NOV 2019
More woe for Westpac as ASIC confirms it has commenced an investigation into the bank following AUSTRAC's actions in relation to money laundering. An ASIC spokesperson told Financial Standard : "ASIC can confirm that it commenced an investigation ...

Brian Hartzer steps down from Westpac

ELIZABETH MCARTHUR  |  TUESDAY, 26 NOV 2019
Westpac chief executive Brian Hartzer has stepped down in the wake of AUSTRAC's investigation. Westpac today announced Hartzer will exit, with current chief financial officer Peter King taking over as acting chief executive from December 2. Hartzer ...

Chief economist update: US consumer power

BENJAMIN ONG  |  MONDAY, 25 NOV 2019
... scrolled through the CME Group's FedWatch Tool and found that the probabilities of the US central bank maintaining the fed funds rate at the 1.50%-1.75% are all higher than a rate cut starting from its December 2019 FOMC meeting right through its ...

Dover, McMaster found guilty

JAMIE WILLIAMSON  |  FRIDAY, 22 NOV 2019
The Federal Court has found Dover Financial Advisers and Terry McMaster guilty in the case brought against them by ASIC. In a judgement handed down on Friday, Dover Financial Advisers and Terry McMaster have been found guilty of false, misleading and ...

Politician urges Treasurer to protect advisers

ELIZABETH MCARTHUR  |  FRIDAY, 22 NOV 2019
Federal member for Warringah Zali Steggall has written to Treasurer Josh Frydenberg to ask him to consider how regulatory changes are impacting financial advisers, requesting an extension to education reforms. Steggall wrote that a number of regulatory ...

Westpac faces 23 million breaches

ELIZA BAVIN  |  WEDNESDAY, 20 NOV 2019
Westpac is facing 23 million alleged breaches of anti-money laundering laws and counter terrorism laws. AUSTRAC has applied to the Federal Court seeking civil penalty orders against Westpac relating to "systematic" non-compliance with the Anti Money ...

Chief economist update: Lower iron ore a boon to the Aussie budget

BENJAMIN ONG  |  THURSDAY, 14 NOV 2019
"It was the best of times, it was the worst of times..." - Charles Dickens, A Tale of Two Cities. In the case of iron ore prices, it's a tale of two markets this year - a bull market in the first half; a bear market in the second half. Iron ore ...

NAB faces half a billion in fines

ELIZA BAVIN  |  WEDNESDAY, 13 NOV 2019
National Australia Bank has admitted to breaching credit legislation 255 times over its axed introducer program for mortgages. NAB has filed documents in the Federal Court admitting to 255 of the 295 breaches of the Consumer Credit Protection Act alleged ...

Chief economist update: The A$ will answer the question of how much more

BENJAMIN ONG  |  TUESDAY, 12 NOV 2019
... now afford to consume more imports." The RBA will cut one more time in 2020. More, if other central banks, particularly the Fed, raise accommodative monetary policies... if only to keep the A$ weak.

Chief economist update: Santa Claus is coming to town

BENJAMIN ONG  |  MONDAY, 11 NOV 2019
... increased policy stimulus measures. Central banks have indeed raised policy stimulation - in words (BOJ, BOE) and in deed (Fed, ECB, PBOC and RBA) - and the recent positive turn of events - US-China trade deal, the UK could finally Brexit with polls ...