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Showing 11 - 20 of 208 results for "Banking system"

Lowe reinforces more hikes may come

ANDREW MCKEAN  |  THURSDAY, 6 APR 2023
The Reserve Bank of Australia (RBA) hit pause on interest rate hikes this week, but RBA governor Phillip Lowe has told the National Press Club that doesn't mean they're off the table altogether. In an address, Lowe said the decision to hold ...

We need to be ready: APRA

CASSANDRA BALDINI  |  WEDNESDAY, 29 MAR 2023
APRA is looking to further safeguard Australia's banking system following recent global events, warning economic ripple effects can still be felt across the pond. In an address on Tuesday, APRA chair John Lonsdale said no matter how resilient the ...

US Fed hikes rates amid banking turmoil

ANDREW MCKEAN  |  THURSDAY, 23 MAR 2023
... concerns about impacts on households, businesses, economic activity, and inflation, the Fed affirmed that the US banking system remains "sound and resilient".

UBS throws $4.8bn lifeline to Credit Suisse

CASSANDRA BALDINI  |  MONDAY, 20 MAR 2023
... Swiss authorities today to support financial stability," they said. "The capital and liquidity positions of the US banking system are strong, and the US financial system is resilient. We have been in close contact with our international counterparts ...

Fink warns of "slow rolling crisis"

JAMIE WILLIAMSON  |  THURSDAY, 16 MAR 2023
... we're likely to see stricter capital standards for banks." He said that what's currently occurring in the US banking system will place greater importance on the role of capital markets in financing, adding that there could be a third domino to ...

GBST revamps wealth platform, unveils corporate rebrand

ANDREW MCKEAN  |  WEDNESDAY, 15 MAR 2023
Tomorrow, GBST will launch its enhanced SaaS Composer wealth management administration platform and refreshed brand to support a new strategic direction. GBST's upgraded SaaS Composer platform offers organisations a consolidated view of their customers' ...

HSBC bails out Silicon Valley Bank UK

CASSANDRA BALDINI  |  TUESDAY, 14 MAR 2023
... what we should learn from this experience," added Barr. President Joe Biden assured the US population that its banking system is "safe" yesterday at a White House press conference. "No losses will be borne by the taxpayers. Instead, the money will come ...

US agencies act to prevent crisis

JAMIE WILLIAMSON  |  MONDAY, 13 MAR 2023
... board is carefully monitoring developments in financial markets. The capital and liquidity positions of the US banking system are strong, and the US financial system is resilient." The US$209 billion Silicon Valley Bank was closed over the weekend by ...

Fed seeks feedback on rules to resolve large bank failures

ANDREW MCKEAN  |  MONDAY, 17 OCT 2022
... for large banking organisations and their customers. Fed vice chair for supervision Michael Barr said: "As the banking system changes, policymakers must continuously evaluate whether resolution-related standards and prudential standards for large banks ...

First Super: Merger pressure fizzles out

ELIZABETH FRY  |  FRIDAY, 7 OCT 2022
... there was unrelenting pressure on funds to merge and achieve scale, creating a super system that looked like the banking system." The First Super chief executive says the message is now more nuanced, and APRA chair Wayne Byres is leading the charge. ...