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Showing 11 - 20 of 17084 results for "Bank"

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
... allowance under the Term Funding Facility (TFF) from the COVID-19 pandemic matured on 30 June 2024, which it said impacted bank funding across financial markets. For example, banks exchange settlement accounts with the Reserve Bank of Australia fell ...

Global X launches latest global equity ETF

MATTHEW WAI  |  THURSDAY, 26 SEP 2024
... concentrated and value-orientated nature of the Australian market," Jocum added. It follows the introduction of the Australian Bank Credit ETF in July, which relies on the Solactive Australian Bank Credit Index on specific passively managed subjects. ...

AustralianSuper appoints first chief liquidity officer

ELIZA BAVIN  |  THURSDAY, 26 SEP 2024
... Bhindi as the fund's first chief liquidity officer, effective January 2025. Bhindi joins AustralianSuper from Commonwealth Bank, where he was responsible for the group's funding and liquidity and most recently as general manager capital management and ...

Inflation cools but RBA unlikely to budge

ELIZA BAVIN  |  WEDNESDAY, 25 SEP 2024
... trimmed 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 ...

ASIC slaps Macquarie with record $5m fine

KARREN VERGARA  |  WEDNESDAY, 25 SEP 2024
ASIC imposed a record $5 million fine on Macquarie Bank for its failure to curb suspicious order transactions on electricity futures. ASIC's Markets Disciplinary Panel (MDP) found Macquarie breached market integrity rules on 50 occasions between January ...

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. ...

Boutique investment manager hits the market

ANDREW MCKEAN  |  TUESDAY, 24 SEP 2024
TWC Investment Management, a founder-owned and led boutique firm, has set up shop in Australia. The investment management firm, led by chief executive Owen Hereford and chief investment officer John Birkhold, formerly a portfolio manager at Origin Asset ...

ASX hunts new chief risk officer

MATTHEW WAI  |  TUESDAY, 24 SEP 2024
... the financial sector. Prior to the ASX, the risk management executive held senior roles in risk management at Commonwealth Bank for 12 years. And before that, he was the managing director and head of risk management at Zurich Capital Markets between ...

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' ...