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Showing 171 - 180 of 189 results for "IT investment"

Five core banking systems overhauled at CBA

WWW.THESHEET.COM  |  TUESDAY, 29 APR 2008
... systems such as the general ledger, data warehouses or front-end systems. The latter were the primary aim of the IT investment phase kicked off in 2003 and hyped under the moniker of "Which new bank?". The majority of the bank's accounts sit on these ...

Fortune favours the prudent

RUTH LIEW  |  TUESDAY, 5 FEB 2008
As investors are left picking up the pieces from the recent share market and credit crash, some industry figures believe the answer lies in investors' ability to find a balance between investing with a long-term perspective, and making decisions quickly. ...

MFS to split investment and leisure arms

Listed financial services and leisure group MFS Limited has announced it intends to separate its funds management and leisure business Stella into two ASX-listed companies subject to shareholder approval. The group said in an ASX statement that it expected ...

Absolute Capital suspends redemptions

WWW.THESHEET.COM  |  THURSDAY, 26 JUL 2007
Hedge fund manager Absolute Capital posted a notice on its website yesterday saying that it had "closed" its flagship fund, the $200 million Absolute Capital Yield Strategies Fund. The Yield Strategies Fund is an investor in the structured credit market ...

Economic round-up: Mortgage meltdown misery

SUZY MAC  |  THURSDAY, 12 JUL 2007
Global share markets have been plagued by jitters over the sorry state of the US sub-prime mortgage sector and the crisis looks to continue with further losses expected. The worst US housing slump since the 1990's, has seen losses mounting on mortgages ...

Market wrap - midday

AAP  |  THURSDAY, 21 JUN 2007
The Australian share market has opened weaker after a soft lead from Wall Street. The minor retreat came after both local major indices ended yesterday's trading at record highs. At 1015 AEST, the benchmark S&P/ASX200 index lost 12 points to 6384.9 ...

Market wrap - morning

AAP  |  THURSDAY, 21 JUN 2007
The Australian stock market is expected to open weaker after a big fall on Wall Street. At 0706 AEST on the Sydney Futures Exchange, the June share price index was down 47 points at 6,362. Today, the Reserve Bank of Australia releases its June monthly ...

Local banks face global assault

... global banks such as HSBC and Citibank although Marks conceded that both banks may have trouble justifying increased IT investment given there are only 20 million people in Australia. That is, not as much volume of transactional activities as Europe ...

SEC considers limits to private hedge funds investing

ALEX DUNNIN  |  WEDNESDAY, 21 MAR 2007
The Investment Company Institute in US has come out strongly in support of the Security and Exchange Commission's (SEC) recommendations that individuals investing in hedge funds must have at least A$3.2 million in private investments. "This requirement ...

BGI welcomes fixed income chief

Barclays Global Investors (BGI) has appointed the former head of credit portfolio management at Westpac Bank, Sean Carmody, to the role of head of fixed income in Australia. Prior to joining BGI, Carmody was responsible for managing Westpac Institutional ...