Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 191 - 200 of 471 results for "Tier"

Chief economist update: Whatever it takes, however long it takes

BENJAMIN ONG  |  FRIDAY, 13 SEP 2019
... "Fifth, in order to support the bank-based transmission of monetary policy the Governing Council decided to introduce a two-tier system for reserve remuneration in which part of banks' holdings of excess liquidity will be exempt from the negative ...

Zurich chief to depart, successor named

ELIZABETH MCARTHUR  |  MONDAY, 12 AUG 2019
... is looking forward to working with them immensely." He also thanked Bailey, crediting him with growing Zurich from a mid-tier player to a market leader in Australia. "One of the many drivers of this success has been Tim's focus on organisational culture ...

Morgan Stanley raises capital for 86 400

ELIZABETH MCARTHUR  |  FRIDAY, 10 MAY 2019
... 86 400 chief executive Robert Bell said: "Bringing Morgan Stanley on is really important for us because they are a global tier one investment bank and they've got great reach in Australia and internationally." 86 400 is a neobank attempting to disrupt ...

Colonial First State makes major fee cuts

KANIKA SOOD  |  THURSDAY, 18 APR 2019
Colonial First State has trimmed its platforms fees, in a move it says will save $68 million in annual fees for 500,000 members. The fee reductions apply across its FirstChoice Wholesale, FirstChoice Employer Super and FirstWrap Plus platforms. They ...

Chief economist update: Japan yearns for a weaker yen

BENJAMIN ONG  |  THURSDAY, 11 APR 2019
The last time we heard some sort of policy guidance from the Bank of Japan (BOJ) was in early February this year when governor Haruhiko Kuroda was quoted as saying that: "If (currency moves) are having an impact on the economy and prices, and if we ...

Chief economist update: ECB digs deeper

BENJAMIN ONG  |  FRIDAY, 5 APR 2019
Super Mario's back to doing whatever it takes. When European Central Bank (ECB) president Mario Draghi spoke at 'The ECB and Its Watchers XX' conference in Frankfurt on March 27, he concluded his speech emphasising that, "... the ECB will ...

Perfect storm smashes AMP

HARRISON WORLEY  |  THURSDAY, 14 FEB 2019
AMP suffered a 97% profit drop in 2018 and it's flagging a reshaped financial advice network into 2019. AMP recorded statutory net profit of $28 million last year, but the result is worth 3% of its 2017 full-year profit of $848 million. Discussing ...

Ignition lifts off in Ireland

HARRISON WORLEY AND MICHELLE BALTAZAR  |  WEDNESDAY, 12 DEC 2018
... capabilities," Prasad said. "Meeting the technology innovation needs and compliance standards required to partner with a tier one European bank is a significant milestone for Ignition and demonstrates our commitment to innovation and excellence." The ...

Why indexing is big business

KARREN VERGARA  |  TUESDAY, 4 DEC 2018
With over three million active benchmarks across the globe growing exponentially, the changing nature of index providers is becoming increasingly more relevant in the investment process. The disproportionate ratio of stocks to indices shows no sign ...

CBA sells CFSGAM, new wealth business chief executive appointed

KANIKA SOOD  |  WEDNESDAY, 31 OCT 2018
... million. "Upon completion, the transaction is expected to deliver an increase of approximately $2.9 billion of Common Equity Tier 1 (CET1) capital, resulting in a pro forma uplift to the Group's FY18 CET1 ratio of approximately 60 basis points on ...