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Showing 1931 - 1940 of 19571 results for "Ban"

Residential mortgages will defy headwinds: Study

KARREN VERGARA  |  TUESDAY, 14 MAR 2023
The residential mortgage sector will withstand the current headwinds driven by rapidly rising interest rates and cost of living pressures, a new study finds. According to Foresight Analytics, there are three key factors that will mitigate the risks ...

abrdn loses global chief economist

JAMIE WILLIAMSON  |  MONDAY, 13 MAR 2023
Jeremy Lawson has resigned as global chief economist for abrdn, opting to return to Australia. Lawson has served in the role for 10 years, first appointed in March 2013. In 2018, he took on the additional responsibility of leading the group's research ...

US agencies act to prevent crisis

JAMIE WILLIAMSON  |  MONDAY, 13 MAR 2023
As a second institution is closed by regulators, emergency measures to shore up the US financial system and prevent a banking crisis are being implemented. It comes as local tech companies confirm minimal exposures to the Silicon Valley Bank failure. ...

Court fines ANZ for dodgy introducer program

KARREN VERGARA  |  MONDAY, 13 MAR 2023
ANZ has copped a $10 million penalty for its home loan referral program that breached consumer credit protection laws. The Federal Court found that the bank's Home Loan Introducer Program enabled unlicensed third parties to refer customers to ANZ for ...

Gender lens approach wins: Steed

CHLOE WALKER  |  FRIDAY, 10 MAR 2023
Approaching investment opportunities through a gender lens is key to realising outperformance, according to Melior Investment Management's Lucy Steed. Speaking at KPMG's International Women's Day event in Sydney yesterday, Steed said her view is backed ...

RF Corval secures industrial facility, eyes more

CHLOE WALKER  |  FRIDAY, 10 MAR 2023
The boutique fund manager has purchased a $14.7 million industrial asset through its RF CorVal Property Fund (CPF), as it looks to capitalise on tailwinds in the market it sees lasting for some time to come. Located in Wingfield, South Australia, the ...

FPA voices concern on proposed CSLR, FAR laws

ANDREW MCKEAN  |  FRIDAY, 10 MAR 2023
The Financial Planning Association of Australia (FPA) has voiced concerns over the proposed Compensation Scheme of Last Resort (CSLR) and Financial Accountability Regime (FAR) legislation. While acknowledging the positive impact of an effective CSLR ...

Dodgy advice bill nears $5bn: ASIC

CASSANDRA BALDINI  |  FRIDAY, 10 MAR 2023
Providing its final update on institutions' financial advice remediation programs, ASIC calculated AMP, ANZ, Commonwealth Bank (CBA), Macquarie, NAB and Westpac have so far paid a combined $4.7 billion. The remediation programs included in ASIC's update ...

Inflation decimates retiree purchasing power

ANDREW MCKEAN  |  FRIDAY, 10 MAR 2023
Inflation is eroding retirees' purchasing power, posing a significant risk to their financial stability. With CPI now at 7.8% as of the December quarter of 2022, inflation has become an increasingly pressing issue for retirees, who worry that their ...

US interest rates may go higher than expected: Powell

CASSANDRA BALDINI  |  THURSDAY, 9 MAR 2023
Interest rates may well be higher than previously anticipated following stronger economic data, said Federal Reserve chair Jerome Powell before the House Financial Services Committee. Providing testimony yesterday, Powell explained the Fed will continue ...