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| | | ... across the banks, up 227.4% from previous period. EY Oceania banking and capital markets leader Tim Dring said the true scale of the damage was hard to quantify, as economic conditions continue to deteriorate. "Impairment charges have increased dramatically ... |
| | | | Westpac has determined several of its business units lack sufficient scale, including superannuation and investments, and is set to launch a review aimed at simplifying the group. Announcing results today, Westpac said it is establishing a new specialist ... |
| | | | ... its other investment products. The addition of the P&I business brought $77.1 billion of addition FUM during the quarter. "Scale, economic diversity and business resilience are important contributors to the success of our business transformation," Mota ... |
| | | | ... the last 10 years. "COVID-19 really just adds another consideration for those smaller funds to ask whether they have the scale to compete," Forbes said. "A lot of funds, if they haven't already been talking about merging, COVID-19 will push it up ... |
| | | | ... domestic product, just as it did after the Second World War." The government has ample capacity to conduct this type of large-scale fiscal stimulus, they argued, having one of the lowest net debt to GDP ratios in the developed world. "If stimulus is ... |
| | | | ... Control". This follows Prime Minister Shinzo Abe's announcement in early April "to carry out an unprecedentedly massive scale of economic package worth ¥108 trillion, or 20 percent of GDP, following the immense damage to the economy from the novel ... |
| | | | ... investments, including gold, given the importance of mining to the Australian economy," Williams said. "Funds with less scale (under pressure to defend their 'niche' value proposition) may see gold as an opportunity they can exploit, but their larger ... |
| | | | ... lower quartile," he said. "There are limits to killing the bottom quartile, and you may create a system that achieves "mega scale" but this comes with diseconomies of scale and concentration of risk with massive FUM under the purview of a shrinking and ... |
| | | | ... and distribution Jai Singh said. "Following this acquisition, our Sale and Traralgon offices will merge and with greater scale be able to continue to provide high quality strategic financial planning services much needed in the Gippsland region at this ... |
| | | | ... Australian Ethical cut the administration fee on its superannuation product by 12 basis points, as it looked to pass on scale benefits generated by the addition of 5000 almost funded members in 2019. The change saw the fund's administration fee drop ... |
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