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Showing 1561 - 1570 of 17952 results for "Bank"

JPMorgan acquires First Republic Bank

CASSANDRA BALDINI  |  TUESDAY, 2 MAY 2023
The embattled bank was closed by US regulators and sold to JPMorgan Chase, which will assume all its deposits and most of its assets. Californian authorities, alongside the Federal Deposit Insurance Corporation (FDIC), closed the doors to First Republic ...

JPMorgan among banks to bid in First Republic sale

CASSANDRA BALDINI  |  MONDAY, 1 MAY 2023
... Citizens Financial Group are said to be among those to toss their name in the ring to take over the embattled First Republic Bank. US regulators are rushing to sell First Republic and prevent yet another bank collapse after it released disastrous Q1 ...

LongView launches shared equity fund

KARREN VERGARA  |  MONDAY, 1 MAY 2023
... shared equity helps solve a "crushing social problem whereby Australia has third of a generation who don't have access to the Bank of Mum and Dad and are in an impossible position trying to get a deposit to buy a home." There is a gap in the property ...

Wendy Norris quits Future Fund

ELIZABETH FRY  |  MONDAY, 1 MAY 2023
The Future Fund will need to reshuffle its investment team after the sudden resignation of the deputy chief investment officer. Deputy chief investment officer of change and Innovation Wendy Norris has quit Australia's sovereign wealth fund after ...

Venture capital rout rattles advice technology sector

KARREN VERGARA  |  MONDAY, 1 MAY 2023
... continuing to slash their workforce in droves, and the uncertainty and contagion risk sparked by the collapse of Silicon Valley Bank, S&P Global warns fintechs not to expect the amount of capital that flooded in before COVID-19. Worn said the issues ...

Future Fund trumps market averages

ANDREW MCKEAN  |  FRIDAY, 28 APR 2023
... Fund Board of Guardians chair Peter Costello explained that as central banks, including the Federal Reserve and the Reserve Bank of Australia, raised interest rates in a bid to control inflation, investing conditions became increasingly unpredictable. ...

ASIC updates breach reporting guidelines

KARREN VERGARA  |  FRIDAY, 28 APR 2023
ASIC has updated breach reporting procedures in the hope that it can help reduce regulatory burdens for financial advisers. The corporate watchdog detailed several changes to Regulatory Guide 78 Breach reporting by AFS licensees and credit licensees ...

Global investors look to strike gold: Study

CHLOE WALKER  |  FRIDAY, 28 APR 2023
As the price of metal goes up, professional investors around the world are set to boost allocations to gold and gold miners, according to new research by mining company Tresor Gold. The research collated in April surveyed investors responsible for $307.5 ...

Investors flock to term deposits over equities

ANDREW MCKEAN  |  THURSDAY, 27 APR 2023
... net funds flows to term deposits, Miller attributed this to the desire for safety and the recent increases in the Reserve Bank of Australia's (RBA) cash rate. He explained that investors now feel they're getting some income return from term deposits ...

Lincoln International, Miles Advisory enter strategic partnership

CHLOE WALKER  |  THURSDAY, 27 APR 2023
The collaborative agreement between the Chicago-based investment bank and Sydney's Miles Advisory Partners aims to deliver an enhanced experience to their respective clients. The two said the agreement creates incremental industry expertise, geographic ...