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Showing 1641 - 1650 of 17952 results for "Bank"

Fink warns of "slow rolling crisis"

JAMIE WILLIAMSON  |  THURSDAY, 16 MAR 2023
... annual letter to investors, BlackRock chair Larry Fink has said it's unclear what impact the collapse of Silicon Valley Bank and others this past week will truly have, saying they are just one element of the "price we're paying for decades of ...

Credit Suisse, oil prices see ASX fall: CommSec

CASSANDRA BALDINI  |  THURSDAY, 16 MAR 2023
... Credit Suisse that spurred on Wall Street downturns, but this isn't the only reason we're seeing a slump. Commonwealth Bank subsidiary CommSec explained the Aussie market opened down 97pts or 1.4% to 6971 and said all sectors are in the red ...

Merricks Capital funds $465m Sydney development

CASSANDRA BALDINI  |  THURSDAY, 16 MAR 2023
The $465 million agreement, funded by Merricks Capital, will allow Milligan Group to acquire one of Sydney's last remaining CBD sites. Milligan Group plans to construct a 55-storey mixed-use commercial tower on the corner of Pitt and Hunter Streets ...

GBST revamps wealth platform, unveils corporate rebrand

ANDREW MCKEAN  |  WEDNESDAY, 15 MAR 2023
... superannuation managers seeking tax, and digital solutions," he added. In Australia, GBST serves names like Insignia, Macquarie Bank, and Generation Life for superannuation administration, while UniSuper, Qantas Super, and Cbus utilise its tax intelligence ...

No systemic risk with SVB, but issues remain: Experts

CASSANDRA BALDINI  |  WEDNESDAY, 15 MAR 2023
The failure of Silicon Valley Bank (SVB) doesn't point to a systemic issue, however the banking crisis in the US may be far from over, experts say. The failure of SVB was mainly due to an asset-liability mismatch, which resulted in material losses ...

Australian Ethical adds to leadership team

CASSANDRA BALDINI  |  TUESDAY, 14 MAR 2023
Australian Ethical has welcomed new additions to its leadership team, including chief investment officer Ludovic Theau. Theau's appointment will come into effect on April 3. The former chief investment officer of the $30 billion Clean Energy Finance ...

HSBC bails out Silicon Valley Bank UK

CASSANDRA BALDINI  |  TUESDAY, 14 MAR 2023
HSBC has leapt to the rescue and purchased the embattled Silicon Valley Bank's (SVB) UK arm for a total sum of £1. The banking giant yesterday announced its UK ring-fenced subsidiary, HSBC UK Bank, would make the purchase, which excluded the assets ...

CALI hires policy director from FPA

KARREN VERGARA  |  TUESDAY, 14 MAR 2023
... advocacy. Johnston spent over nine years at Westpac, his most recent roles being the head of government affairs and managing the bank's reputation as the head of the Royal Commission between 2018 and 2021. CALI launched in late 2022, appointing Cupitt ...

Residential mortgages will defy headwinds: Study

KARREN VERGARA  |  TUESDAY, 14 MAR 2023
... 2021. Finally, Foresight highlights that the portion of high loan-to-value balances of 80% and above have decreased for non-bank lenders since the Global Financial Crisis. "In July 2008, it tracked as high as 13% and 34%, respectively, of total current ...

abrdn loses global chief economist

JAMIE WILLIAMSON  |  MONDAY, 13 MAR 2023
... he held a raft of roles with the Institute of International Finance, the OECD, and was a senior economist at the Reserve Bank of Australia following a stint as Kevin Rudd's climate policy advisor leading up to the 2007 election. In a LinkedIn post, Lawson ...