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Showing 1581 - 1590 of 17952 results for "Bank"

UniSuper awards private debt mandate to Revolution AM

ANDREW MCKEAN  |  TUESDAY, 18 APR 2023
... diversify risk and deliver stable income," he said. In asset backed securities, Revolution concentrates on well-established non-bank lenders that have scale and access to both debt and equity capital. Additionally, the asset manager targets loan pools ...

Apple dives deeper into financial services

CASSANDRA BALDINI  |  TUESDAY, 18 APR 2023
Apple and Goldman Sachs have launched their long-awaited high-yield savings account in the US which offers 4.15% interest rates. The account, which boasts a rate that's 10 times the US national average, is the latest move in a string of tech giants ...

Purpose of pause to gather more data: RBA

CASSANDRA BALDINI  |  TUESDAY, 18 APR 2023
The Reserve Bank of Australia's (RBA) call to pause rate hikes rested on a decision to gather more information, it said. The minutes from its April 4 board meeting, where it decided to keep the cash rate at 3.6%, reveal the board extensively weighed ...

RBA reforms require bipartisan support: Chalmers

KARREN VERGARA  |  TUESDAY, 18 APR 2023
... support from all sides of politics before implementing the changes recommended by the panel tasked with reviewing the Reserve Bank of Australia (RBA). Chalmers told a press conference yesterday that he will speak to various parties about the content ...

SMSF Association names head of membership

CHLOE WALKER  |  TUESDAY, 18 APR 2023
Neil Sparks will become the new head of membership and corporate development for the SMSF Association, effective May 1. Sparks currently serves as head of policy and technical services at BT, a tenure he has held for over 15 years. As a fellow of the ...

Fraudster sentenced to eight years behind bars

CHLOE WALKER  |  MONDAY, 17 APR 2023
... Silver pleaded guilty to misappropriating $1.815 million from the scheme companies by transferring funds to his personal bank account, making payments to company employees and paying returns to other investors. Many of the investors were pensioners and ...

Government divulges vision for superannuation

ANDREW MCKEAN  |  FRIDAY, 14 APR 2023
... areas the government of the day determines are priorities. "Superannuation is Australians' money. It's not a piggy bank to be spent or taxed to fill budget holes." Quashing these concerns, Jones reinforced the legal obligations of trustees in ...

Employment figures no cause for rate hike: Experts

JAMIE WILLIAMSON  |  FRIDAY, 14 APR 2023
... jobs, while part-time employment dropped 19,000 jobs. While positive, economists aren't convinced it's cause for the Reserve Bank of Australia (RBA) to look to increase the cash rate again in May following its pause this month. However, AMP deputy chief ...

Budget all about responsible economic management: Chalmers

CASSANDRA BALDINI  |  FRIDAY, 14 APR 2023
... and that will be displayed in the May federal budget. Speaking in Washington DC at the G20 Finance Ministers' and Central Bank Governors' Meeting and International Monetary Fund (IMF) World Bank 2023 Spring Meetings, Chalmers said the government is putting ...

Long pause likely from RBA: Economist

CASSANDRA BALDINI  |  THURSDAY, 13 APR 2023
The Reserve Bank of Australia's (RBA) pause on interest rate hikes will likely linger, according to HSBC chief economist Australia and New Zealand Paul Bloxham. In a recent Financial Standard podcast, Bloxham said despite inflation still being high ...