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Showing 221 - 230 of 5947 results for "banks"

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 ...

Cbus recruits chief risk officer from Crown

KARREN VERGARA  |  TUESDAY, 18 JUN 2024
... executive general manager of compliance and regulatory affairs at Crown. Prior to Crown, she spent nearly 20 years at major banks working in senior roles across risk and compliance functions. Georgiou was previously the chief compliance officer for conduct ...

'Little prospect' for RBA hike despite stubborn inflation

ELIZA BAVIN  |  MONDAY, 17 JUN 2024
... (presumably eventually) in declining inflation," Miller said. "Arguably, in the current environment uncertainties facing central banks everywhere are unusually elevated. Some of that uncertainty can be sheeted home to the unique nature of any recovery ...

APRA updates industry on operational resilience guidance

ELIZA BAVIN  |  FRIDAY, 14 JUN 2024
... Prudential Regulation Authority (APRA) has released its finalised prudential practice guide to help superannuation trustees, banks and insurers strengthen their management of operational risk and improve business continuity planning. The new Prudential ...

Australian Ethical updates investment guide

ELIZA BAVIN  |  TUESDAY, 4 JUN 2024
... research into the impacts of borrowing on the well-being of borrowers may contribute to changed ethical expectations of banks and other lenders."

Australians selling assets over seeking help: ASIC

ELIZA BAVIN  |  MONDAY, 3 JUN 2024
... Australians in financial hardship." Kirkland said the message needs to get through to those experiencing financial stress that banks or lenders have a responsibility to support customers. "If you are worried about being able to make your repayments ...

Interest rate relief unlikely 'this side of Christmas'

ELIZA BAVIN  |  THURSDAY, 30 MAY 2024
... process fails to resume anytime soon." In fact, higher-for-longer interest rates are likely to remain all major central banks' main strategy for the rest of this year, according to deVere group chief executive Nigel Green said. "We believe that the base ...

ANZ transfers Will bank to Equity Trustees

JAMIE WILLIAMSON  |  WEDNESDAY, 15 MAY 2024
... Trustees, following a decision to cease estate planning services from July. Equity Trustees will have one of the largest Will banks in the country as a result of the move, adding to the sizeable bank acquired in the Australian Executor Trustees deal ...

ANZ confirms ASIC investigation

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... second time in a decade ANZ's fixed income team has been accused of improperly profiteering. ANZ is one of only a handful of banks that can act as an intermediary between the AOFM and superannuation funds, insurers, central banks, and others seeking ...