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Showing 191 - 200 of 3133 results for "Crisis"

UBS completes landmark Credit Suisse acquisition

ANDREW MCKEAN  |  TUESDAY, 13 JUN 2023
... completed its acquisition of Credit Suisse, marking the end of the largest banking deal since the 2008 Global Financial Crisis. UBS acquired the crisis-stricken Credit Suisse for US$3.2 billion, with support from Swiss National Bank and the Swiss Financial ...

Economists divided over cash rate decision

ANDREW MCKEAN  |  MONDAY, 5 JUN 2023
... stress in Q4 2022 was significantly higher than before the pandemic, only fractionally below the 2008 Global Financial Crisis peak. Lately, the index has been on the rise again. Current interest rate hikes have triggered cost-of-living pressures, though ...

US debt ceiling agreement reached

CASSANDRA BALDINI  |  MONDAY, 29 MAY 2023
... government and the deal is good news for the American people." Biden reinforced that the agreement prevents the "worst possible crisis." "A default for the first time in our nation's history, economic recession, retirement accounts devastated, millions ...

Treasury hands PwC tax scandal to AFP

CASSANDRA BALDINI  |  THURSDAY, 25 MAY 2023
... Switkowski was named alongside PwC's own Tony O'Malley who was appointed chief risk and ethics leader amid the ongoing tax crisis. At the time, Stubbins commented that the firm is "committed" to learning from its mistakes. "We look forward to receiving ...

Could the anti-woke movement come to Australia?

ROSE MARY PETRASS  |  WEDNESDAY, 24 MAY 2023
... Lynch added. "It is possible to believe we live in a permanent sunny land... but we've never faced the same sort of crisis the US has faced." But ESG considerations, panellists said, should be considered part of the responsibility to members - not ...

Australians prioritise financial independence: Research

CASSANDRA BALDINI  |  TUESDAY, 23 MAY 2023
... and friends closely followed (44%). The shift in priorities coincides with post-pandemic pressures and the cost of living crisis which has forced three in five Aussies to adjust household spending and budgets, Insignia said. "It's clear Australians ...

APRA finalises rules for financial crisis readiness

ANDREW MCKEAN  |  FRIDAY, 19 MAY 2023
... while there'd been marked advancement in the contingency planning of APRA-regulated entities, enduring discrepancies in crisis management capabilities continued, he added. On the finalisation of CPS 190 and CPS 900, Londsdale specified that superannuation ...

Top ETF megatrends: Global X

ROSE MARY PETRASS  |  FRIDAY, 19 MAY 2023
... the past decade, making renewable power cheaper than fossil fuel power. Global X analysts anticipate that the EU energy crisis will have a huge impact on energy independence globally. Renewables are currently around 29% of energy production as of 2020 ...

US default risk: Are credit default swaps signalling trouble?

ANDREW MCKEAN  |  WEDNESDAY, 17 MAY 2023
... severe market reaction with market volatility approaching or even exceeding levels observed during the 2008 global financial crisis," he said. "In such a scenario, we would anticipate that Congress would move quickly to resolve the situation; however ...

PwC picks senior leaders to oversee review

CASSANDRA BALDINI  |  TUESDAY, 16 MAY 2023
... independent review of the firm and its own Tony O'Malley has been appointed chief risk and ethics leader amid the ongoing tax crisis. The independent review, originally announced last week, will be conducted by Switkowski following the firm's ...