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Showing 211 - 220 of 5945 results for "banks"

ANZ, Westpac 'the cheapest majors': Morningstar

ANDREW MCKEAN  |  MONDAY, 15 JUL 2024
ANZ Group and Westpac have been identified as the cheapest major banks in an "overvalued sector," while Commonwealth Bank was deemed expensive by new Morningstar research. Morningstar senior equity analyst Nathan Zaia said that the valuation divergence ...

Federation AM acquires Homesafe

ELIZA BAVIN  |  MONDAY, 15 JUL 2024
... established in 2005 by Peter Szabo and is the provider of Homesafe Wealth Release. Federation teamed up with one of the big four banks to fund the future growth of Homesafe to provide Australians with debt-free equity release solutions. "Our acquisition ...

Funds SA, Mercer Super make key appointments

ELIZABETH FRY  |  FRIDAY, 12 JUL 2024
... Technology. Importantly, Debelle also chaired the Global Foreign Exchange Committee, which coordinates standards for central banks and private sector companies in the currencies market. Meanwhile, Mercer Super has appointed Jim Minto as the chair of ...

Global X set to launch an Australian Bank Credit ETF

ANDREW MCKEAN  |  THURSDAY, 11 JUL 2024
... and hybrid securities. It will be the only index-based ETF providing exposure to the broader capital stack of Australia's banks in one solution. Global X product and investment strategist Marc Jocum said BANK is designed for investors seeking consistent ...

SSGA launches new gold fund

ELIZA BAVIN  |  THURSDAY, 11 JUL 2024
... a strong dollar spell trouble for the precious metal, but safe haven demand is rising, and some governments and central banks are looking to diversify their reserve assets away from the dollar," Anantakrishnan said. "For investors, the asset class can ...

Government lifts funding to preserve banking in the Pacific

ANDREW MCKEAN  |  WEDNESDAY, 10 JUL 2024
... its correspondent banking relationships in services denominated in US dollars. He said this is significant because local banks in the Pacific are losing access to foreign currencies and international payment systems. "Local banks provide essential services ...

Rest increases private credit investment

ELIZA BAVIN  |  TUESDAY, 9 JUL 2024
... we expect REDF will deliver strong results to Rest members. "With a combination of higher interest rates and traditional banks scaling back commercial real estate lending, we believe non-bank lenders have a good opportunity to participate in the sector ...

IFS launches two courses with Kaplan

KARREN VERGARA  |  FRIDAY, 5 JUL 2024
... not able to charge a fee or commission with respect to said advice. The federal government has opened the opportunity for banks, insurers, and superannuation funds to employ QAs. Kaplan chief executive Brian Knight said: "These programs will essentially ...

Corporate borrowing hits all-time high despite interest rates

ANDREW MCKEAN  |  MONDAY, 1 JUL 2024
... pace, up by 2.5% to a record US$8.38 trillion. It said the cost of debt servicing will continue to grow even as central banks cut interest rates as cheaper older debt is refinanced at new higher rates. Janus Henderson portfolio manager Tim Winstone said ...

Inflation spikes again sparking rate rise fears

ELIZA BAVIN  |  WEDNESDAY, 26 JUN 2024
... "surely lift rates in August". "The risk of baked-in inflationary expectations is too high," he said. "Three of the big banks have not announced a change in their projection for a rate cut and look to be sticking with November, but this looks optimistic ...