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Showing 1571 - 1580 of 17952 results for "Bank"

Citi names local chief executive

CHLOE WALKER  |  THURSDAY, 27 APR 2023
... role of chief executive, Australia and head of Citi's Australia and New Zealand cluster. Woodruff, who has been with the bank for 20 years, has also previously served as head of markets, and head of investor sales, Australia and New Zealand. He also ...

US platform bids for Yieldbroker

JAMIE WILLIAMSON  |  THURSDAY, 27 APR 2023
Local bond and derivatives trading platform Yieldbroker, which is 43% owned by the ASX, is in talks with a US counterpart over a potential sale. New York-based Tradeweb Markets is in advanced discussions to by Yieldbroker under an all-cash deal valued ...

March inflation drops to 7%

ANDREW MCKEAN  |  WEDNESDAY, 26 APR 2023
... head of APAC macro strategy Dwyfor Evans said although the absolute level of inflation remains markedly above the Reserve Bank of Australia (RBA) target (2-3%), he believes that the rate hiking cycle has likely come to an end, as alluded to in cash rate ...

$100bn withdrawal triggers First Republic stock plunge

ANDREW MCKEAN  |  WEDNESDAY, 26 APR 2023
First Republic Bank's stock price has nosedived following disastrous Q1 2023 results, marked by enormous deposit outflows and decreased revenues. First Republic's results for Q1 2023 showed a 13.4% decrease in revenues, a 19.4% decrease in net interest ...

CVC sells 20% stake in Eildon

KARREN VERGARA  |  MONDAY, 24 APR 2023
... Kiland, the owner of Kangaroo Island. Prior to the collapse of Credit Suisse, the fund invested 2.5% in a mixture of the bank's bonds and shares. "Although the shares fell by 50% and one of our bonds may be worthless, the gains on the other bonds enabled ...

RBA appointments prompt debate

CASSANDRA BALDINI  |  FRIDAY, 21 APR 2023
... Elana Rubin as part-time members of the RBA board has sparked debate. Following the release of the review of the Reserve Bank of Australia (RBA) yesterday, which made 51 recommendations including the creation of a dual board, Treasurer Jim Chalmers appointed ...

ATO keeping tabs on SMSF early access, tax avoidance

KARREN VERGARA  |  FRIDAY, 21 APR 2023
... access. "Unfortunately, we are seeing an increasing number of trustees taking advantage of their direct access to their SMSF bank account and they are using this money to pay for items such as business debts and personal expenses," he said. Illegal early ...

Review calls for Reserve Bank overhaul

JAMIE WILLIAMSON  |  THURSDAY, 20 APR 2023
A major overhaul is in store for the Reserve Bank of Australia, with the widely anticipated review putting forth 51 recommendations, with particular consideration given to how cash rate decisions are made. Released today, An RBA fit for future comes ...

Adviser complaints rise, super complaints decrease

KARREN VERGARA  |  WEDNESDAY, 19 APR 2023
... the June to December period. Only 20,926 were resolved at period-end and about $106 million was paid out in compensation. Bank-related complaints comprise the lion's share (16,654), followed by general insurer (10,639) and credit provider complaints ...

AMP wealth management AUM grows $2bn

ANDREW MCKEAN  |  WEDNESDAY, 19 APR 2023
In an ASX announcement, AMP said that its Australian Wealth Management assets under management (AUM) increased by $2 billion to $126.2 billion. However, the company had a net cash outflow of $600 million in Q1 2023, a slight improvement from the $900 ...