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Showing 251 - 260 of 4332 results for "Bank of"

Colonial First State hires PE head, farewells sales exec

ELIZABETH FRY  |  FRIDAY, 27 SEP 2024
... bought by KKR about three years ago. The private equity group now owns 55% of CFS which it acquired from Commonwealth Bank of Australia. Incidentally, KKR is also set to acquire the corporate trust and wealth divisions of ASX-listed Perpetual in a $2 ...

Rapid growth in super sector poses risk to financial stability: RBA

ELIZA BAVIN  |  FRIDAY, 27 SEP 2024
Significant growth of the superannuation sector has set off alarm bells for the Reserve Bank of Australia (RBA). In the RBA's September Financial Stability Review, it said the super sector's growth and connections to Australian banks has increased its ...

Household wealth rises in June quarter

ELIZA BAVIN  |  FRIDAY, 27 SEP 2024
... said impacted bank funding across financial markets. For example, banks exchange settlement accounts with the Reserve Bank of Australia fell $106.5 billion (-32.3%) as the $105 billion of securitised bonds used as collateral returned to bank balance ...

Inflation cools but RBA unlikely to budge

ELIZA BAVIN  |  WEDNESDAY, 25 SEP 2024
... mean can provide additional insights into how inflation is trending." The latest inflation data comes after the Reserve Bank of Australia (RBA) kept the cash rate on hold at 4.35% at the September meeting yesterday. Despite cooling inflation, the market ...

Australians living through protracted period of economic misery: CEDA

ANDREW MCKEAN  |  TUESDAY, 24 SEP 2024
... September quarter of 2023. CEDA economist Liam Dillon said this clearly highlights the difficult trade-off facing Reserve Bank of Australia (RBA) governor Michele Bullock. "Inflation remains stubbornly high, despite having moderated since its peaks. ...

Magellan makes internal PM moves

ELIZA BAVIN  |  TUESDAY, 24 SEP 2024
... manager at Maple-Brown Abbott, primarily covering financials in Asia ex-Japan. He also worked as an economist at the Reserve Bank of Australia for six years. Thomas is the co-portfolio manager for Magellan's Global Equities strategy and has over 20 years' ...

ASIC, RBA handed new financial market infrastructure powers

ANDREW MCKEAN  |  FRIDAY, 20 SEP 2024
ASIC and the Reserve Bank of Australia (RBA) have been given new powers under new financial market infrastructure laws to enhance their licensing, supervisory, and enforcement abilities. The Treasury Laws Amendment (Financial Market Infrastructure and ...

Fed cut will not move the dial for RBA

ELIZA BAVIN  |  FRIDAY, 20 SEP 2024
... first interest rate cut in four years, reducing the official cash rate by 50 basis points, but experts say the Reserve Bank of Australia (RBA) is still not in a position to do the same. Yesterday's official unemployment numbers revealed employment rose ...

RBA doubling down on wholesale CBDC

MATTHEW WAI  |  THURSDAY, 19 SEP 2024
The Reserve Bank of Australia (RBA) and Treasury today released a report on central bank digital currency (CBDC), citing a three-year project is now underway for wholesale CBDC. In a thorough report, Central Bank Digital Currency and the Future of Digital ...

Investment boutique calls time after seven years

JAMIE WILLIAMSON  |  TUESDAY, 17 SEP 2024
... ongoing support over the years." Wheelhouse's global fund aimed to deliver long-term returns greater than the Reserve Bank of Australia cash rate plus 2.5% over rolling five-year periods. Since inception it's returned 6.4% against the benchmark's ...