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Showing 2901 - 2910 of 17956 results for "Bank"

Volatility ahead for Magellan shareholders: Morgan Stanley

KANIKA SOOD  |  THURSDAY, 21 JAN 2021
Magellan Financial Group's shares could be more volatile in the years ahead versus its 31% earnings in CAGR over the past three years as it diversifies its business, according to Morgan Stanley. Magellan Financial Group in September 2020 took a 40% ...

AMP Bank boss exits

KARREN VERGARA  |  THURSDAY, 21 JAN 2021
The managing director of AMP Bank has left after a little over one year in the role. Rod Finch, who was appointed to the post in November 2019 shortly after AMP chief Francesco De Ferrari stepped in, has accepted a role as transformation director at ...

Jobs return to pre-pandemic levels

ELIZA BAVIN  |  THURSDAY, 21 JAN 2021
... move in the country's recession rebound caused by lockdown measures imposed to limit the spread of COVID-19. The Reserve Bank of Australia (RBA) has long said it will not consider lifting interest rates unless the jobless rate goes down. This was repeated ...

APRA delays insurance in super guidance

ELIZA BAVIN  |  THURSDAY, 21 JAN 2021
The prudential regulator has released an updated draft guidance for insurance in superannuation as part of its consultation period, delaying the commencement date by six months. Several changes have been made the original document released in November ...

Chief economist update: USA Inc is under new management

BENJAMIN ONG  |  THURSDAY, 21 JAN 2021
... proposed a US$1.9 trillion COVID-19 relief plan. US Federal Reserve chair Jerome Powell assured markets that the central bank would not raise interest rates soon unless it foresees rising inflation or imbalances in the economy. In her confirmation hearing ...

Barrenjoey hires from Ord Minnett

KANIKA SOOD  |  WEDNESDAY, 20 JAN 2021
... former UBS chair Guy Fowler, former UBS investment bankers Matt Hanning and Chris Williams and John Cincotta from Deutsche Bank.

Challenger welcomes board director

ANNABELLE DICKSON  |  WEDNESDAY, 20 JAN 2021
... a deputy director-general in the Office of National Assessments and worked at the Australian Treasury and at the Reserve Bank of Australia. Challenger chair Peter Polson said he is pleased to welcome Smith to the board. "She has performed at the highest ...

Xinja returns deposits

ANNABELLE DICKSON  |  WEDNESDAY, 20 JAN 2021
The neobank has become the first Australian bank to return its customer deposits after it withdrew its banking products and announced the return of its authorised deposit-taking institution (ADI) licence. The Australian Prudential Regulation Authority ...

EISS Super director joins Macquarie board

KANIKA SOOD  |  TUESDAY, 19 JAN 2021
... added an EISS Super non-executive trustee director to its boards. Mike Roche will join the Macquarie Group and Macquarie Bank boards effective January 20, alongside Oz Minerals chair Rebecca McGrath. Roche has been on the EISS Super board since 2016 ...

AIA progresses with acquisition

ANNABELLE DICKSON  |  TUESDAY, 19 JAN 2021
... Federal Court of Australia's consideration of the scheme at a hearing in March 2021. In September last year, Commonwealth Bank (CBA) received a payment of approximately $450 million for the sale of CommInsure Life. The payment followed a $500 million ...