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Showing 2721 - 2730 of 17956 results for "Bank"

Chief economist update: Copper 10,000

BENJAMIN ONG  |  TUESDAY, 20 APR 2021
Copper prices continue to rally and indications are it won't be long now until it recaptures the US$10,000 a tonne record it reached 10 years earlier. At the current price of US$9,415.00, copper's only 5.9% away and won't be long till it ...

Mawhinney banned for 20 years

ELIZABETH MCARTHUR  |  MONDAY, 19 APR 2021
... Mayfair 101 investments. Many of these investors were under the impression that Mayfair debenture products were as risk-free as bank term deposits and invested in them through their SMSFs. Investors in these products are yet to receive any compensation ...

MLC Life makes key appointments

ELIZABETH MCARTHUR  |  MONDAY, 19 APR 2021
... executive role in 2020. Prior to this, Mamelok had a 14-year career with AMP, including as chief financial officer for AMP Bank. She continues to be a non-executive committee member for AMP Capital. Meanwhile, Robert Baillie has been appointed general ...

Chief economist update: Bubble, bubble getting out of trouble

BENJAMIN ONG  |  MONDAY, 19 APR 2021
... quarantine re-start postponed reunions and visits t families and friends on both sides of the pond, it would, as the Reserve Bank of New Zealand (RBNZ) declared recently, "support incomes and employment in the tourism sector both in New Zealand and Australia". ...

Regulator frets over SPAC boom

ELIZABETH MCARTHUR  |  FRIDAY, 16 APR 2021
The US financial markets regulator has confirmed it has concerns around the rapid growth of Special Purpose Acquisition Companies (SPACs). US Securities and Exchange Commission acting director for the division of corporate finance John Coates said there ...

Citi to exit consumer banking in Australia

ELIZABETH MCARTHUR  |  FRIDAY, 16 APR 2021
Citigroup's quarterly results included news the banking giant is undertaking a strategic overhaul of its global consumer banking division. This will mean Citi is exiting consumer banking entirely in a number of markets including Australia. China, India ...

Equities revenue boost for US banks

ELIZABETH MCARTHUR  |  THURSDAY, 15 APR 2021
... Goldman enjoyed 498% year on year growth. Trading revenue was a particularly strong contributor to that growth. The investment bank reported US$3.69 billion in equities revenue, reflecting year on year growth of 68%. "Equity markets have been a source ...

Chief economist update: RBNZ keeps policy steady on unsteady outlook

BENJAMIN ONG  |  THURSDAY, 15 APR 2021
If in doubt, remain patient and do nothing. This is the gist of the Reserve Bank of New Zealand (RBNZ) policy statement following the conclusion of its April 14 monetary policy meeting. The RBNZ kept the official cash rate unchanged at 0.25% and maintained ...

Super fund liquidity could be better: RBA

JAMIE WILLIAMSON  |  WEDNESDAY, 14 APR 2021
... manage liquidity well, funds should consider the extent to which they rely on certain asset classes for liquidity, the Reserve Bank of Australia (RBA) has said. In its Financial Stability Report for April, the RBA praised super funds' management of liquidity ...

Atlas Wealth launches mortgage brokerage

KARREN VERGARA  |  WEDNESDAY, 14 APR 2021
... than an Australian expat can't secure a mortgage, it just means you need to work with a professional who knows which bank to work with that suits your circumstances." On his new role, he said: "I am very excited to be leading the Atlas Mortgages ...