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Showing 141 - 150 of 936 results for "Sound"

Commonwealth Bank profit nears $10bn

CASSANDRA BALDINI  |  WEDNESDAY, 10 AUG 2022
... Its profit results said the total impairment provisions decreased to $5.3 billion from $6.2 billion in FY21, reflecting sound portfolio credit quality and the reduced level of COVID-19 overlays. The full-year dividend was supported by the bank's ...

APRA releases annual corporate plan

CASSANDRA BALDINI  |  MONDAY, 8 AUG 2022
APRA published its updated plan to reinforce the financial soundness of the banking, insurance and superannuation industries over the next four years, with few surprises on offer. The priorities in APRA's new Corporate Plan for 2022-2023 are based ...

US enters recession - or does it?

ANDREW MCKEAN  |  FRIDAY, 29 JUL 2022
... creation and strong levels of consumer spending. Later at a press conference, he cited the data and said: "That doesn't sound like a recession to me." A few days ago, as previously reported by Financial Standard, Biden also said: "While some maintain ...

Natalie Cameron named AFCA lead ombudsman

ANDREW MCKEAN  |  THURSDAY, 7 JUL 2022
... demonstrated that she can build strong relationships with both industry bodies and consumer organisations and that she can make sound, impartial decisions without fear or favour." Locke concluded that the lead ombudsman for banking and finance is a key ...

Liberals should liberate Australians from super: Bragg

ANDREW MCKEAN  |  THURSDAY, 26 MAY 2022
... had it won the election. Grattan Institute senior associate Joey Moloney described the general idea of compulsory super as sound. He said: "It can help smooth lifetime consumption given people focus disproportionately on the short term." However, Moloney ...

NGS to reduce emissions 35% in three years

RACHEL ALEMBAKIS  |  FRIDAY, 13 MAY 2022
... carbon business." NGS Super will engage with companies with high Scope 1, 2 and 3 emissions where those companies have a "a sound and realistic business plan to transition to the low-carbon economy within a timeframe deemed acceptable to the fund." The ...

AIST proposes crisis preparedness standards to APRA

ANDREW MCKEAN  |  WEDNESDAY, 11 MAY 2022
... financial market shocks and periods of market volatility without major financial detriment demonstrates that the model is sound." Nonetheless, there were some stark risks to profit to member trustees. The lack of capital within trustee companies prior ...

Westpac reports $3.1bn in cash earnings

ANDREW MCKEAN  |  MONDAY, 9 MAY 2022
... the bank has made steady progress and is making the changes required to become simpler and stronger. "Our balance sheet is sound, allowing us to successfully complete our off-market share buy-back, reset our capital range and increase the dividend per ...

Macquarie Group posts record earnings

ANDREW MCKEAN  |  FRIDAY, 6 MAY 2022
... time, this has seen us build deep and differentiated franchises in each of our areas of activity, all of which delivered sound outcomes and strong performance in FY22." Macquarie Capital also surged; its net profits grew 269% from $651 million last year ...

Macquarie responds to term deposit scam

CHLOE WALKER  |  THURSDAY, 28 APR 2022
Macquarie Group has issued an official warning to customers after someone posed as a staff member and swindled a widow out of $760,000. Macquarie Group has said it is aware of a scam using its name to solicit fake term deposit applications through a ...