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Showing 2641 - 2650 of 17956 results for "Bank"

Chief economist update: A half-glass full look at inflation

BENJAMIN ONG  |  MONDAY, 17 MAY 2021
Inflation was the "word" over the week that was. Concerns over US inflation eased somewhat at the start of last week after US Bureau of Labor Statistics (BLS) revealed disappointing labour market stats. The US economy added 266,000 jobs in April, well ...

Jarden gets market participant licence

KANIKA SOOD  |  FRIDAY, 14 MAY 2021
... our clients - from the provision of advice to executing trades directly to markets," Vanderzeil said. The Kiwi investment bank has been on a hiring spree in Australia since October 2020. It recently formed a strategic alliance with Japanese Nomura in ...

AMP loses default KiwiSaver mandate

ELIZABETH MCARTHUR  |  FRIDAY, 14 MAY 2021
... improving returns, the number of default providers has been cut from nine to six. This resulted in AMP, ANZ and ASB being cut. Bank of New Zealand, Booster, BT Funds Management, Kiwi Wealth, Simplicity and Smartshares have retained their mandates. AMP ...

BetaShares hires from Class

ANNABELLE DICKSON  |  FRIDAY, 14 MAY 2021
The former chief strategy officer at Class Limited has joined BetaShares as executive director of corporate development, taking over from Jason Gellert. Glenn Poynton will join the ETF provider in June, having spent over three years at Class where he ...

ASIC issues warnings on investment scams

ANNABELLE DICKSON  |  FRIDAY, 14 MAY 2021
... their existing super fund into a new SMSF. In doing so, consumers are transferring their retirement savings into an unknown bank account held by the scammers. The SMSF rollover scammers pretend to be financial advisers and promise returns of 8% to 20% ...

Chief economist update: Be afraid of inflation expectations

BENJAMIN ONG  |  FRIDAY, 14 MAY 2021
US Federal Reserve Bank of St. Louis president James Bullard's recent virtual presentation provided a timely venue for the Fed to push back on inflation fears that drove equity markets down a day before. The Federal Reserve Bank of St. Louis' ...

Chief economist update: Inflation scare

BENJAMIN ONG  |  THURSDAY, 13 MAY 2021
Wall Street's down! All four US benchmark equity indices dropped overnight - the Dow by 1.99; the S&P 500 by 2.1%; the Nasdaq composite by 2.7%; and the Russell 2000 by 3.3%. The yield on 10-year US bonds increased to 1.70% from 1.62% the day before. ...

Fidelity hires sustainability director

KARREN VERGARA  |  WEDNESDAY, 12 MAY 2021
... of sustainability research. Prior to that, he was an executive director at Goldman Sachs and research analyst at Deutsche Bank. The Institutional Investors Group on Climate Change recently launched the Net Zero Investment Framework, giving institutional ...

CBA adds $32m to advice remediation bill

KARREN VERGARA  |  WEDNESDAY, 12 MAY 2021
The Commonwealth Bank has upped its indemnity bill to $252 million for dodgy financial advisers who were part of its former subsidiary Count Financial. CBA sold off Count Financial to CountPlus in mid-2019. At the time, CBA provided $200 million in ...

BetaShares appoints chief financial officer

KANIKA SOOD  |  WEDNESDAY, 12 MAY 2021
The fast-growing ETF issuer has appointed a chief financial officer in a newly created role. Jason Gellert was previously BetaShares' head of corporate development and is one of the co-founders in the company. He previously worked at Morgan Stanley ...