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Showing 11 - 20 of 282 results for "Fallout"

Treasury hands PwC tax scandal to AFP

CASSANDRA BALDINI  |  THURSDAY, 25 MAY 2023
... Calleja and chief strategy, risk and reputation officer Sean Gregory also exited their positions after being swept up in the fallout. Last week it was announced that former Telstra boss Ziggy Switkowski had been picked to lead an independent review of ...

APRA finalises rules for financial crisis readiness

ANDREW MCKEAN  |  FRIDAY, 19 MAY 2023
... strategies to counteract threats to their operational viability. The regulator said this should mitigate the potential fallout from institutional failures. CPS 190 Financial Contingency Planning, which was finalised in December 2022, mandates all APRA-regulated ...

PwC picks senior leaders to oversee review

CASSANDRA BALDINI  |  TUESDAY, 16 MAY 2023
... recommended actions, including, where appropriate, exiting further people and partners from the firm," it warned. As further fallout, former chief executive Tom Seymour will retire from the partnership at the end of September following his involvement ...

PwC senior leaders step down over tax scandal

CASSANDRA BALDINI  |  THURSDAY, 11 MAY 2023
... but have exited their senior roles and the executive board. The Australian heads are the latest to be caught up in the fallout and follow PwC chief executive Tom Seymour handing in his notice following a discussion with the Australian board. Seymour ...

Global economic growth hits 20-year low: IMF

ANDREW MCKEAN  |  WEDNESDAY, 12 APR 2023
... 2.7% in 2022 to 1.3% in 2023. The anaemic outlook reflects the tight policy stances needed to bring down inflation, the fallout from the recent deterioration in financial conditions, and the ongoing war in Ukraine, the IMF said. "Risks to the outlook ...

Credit Suisse, oil prices see ASX fall: CommSec

CASSANDRA BALDINI  |  THURSDAY, 16 MAR 2023
... Wall Street impacted as well." Felsman explained this is a separate issue from the United States and Silicon Valley Bank fallout which caused US regional banks to slump. "First Republic Bank, which seems to be at the forefront of investors' minds ...

Value companies to outperform in 2023: VanEck

ANDREW MCKEAN  |  THURSDAY, 9 FEB 2023
... companies are likely to outperform in 2023," McCormack said. "We're entering a period that echoes the 2001 dot com boom fallout where value companies consistently outperformed, lasting seven years between 2001 and 2007." Value companies with strong pricing ...

Budget deficit pressured by debt costs

ANDREW MCKEAN  |  WEDNESDAY, 26 OCT 2022
... 1.5% next year; this is heroic to say the least. In our view a global recession is very likely as a consequence from the fallout from the war in Ukraine, but more importantly, the price that will have to be paid for reining in excess inflation." Lawson ...

Zipmex files for debt relief amid ongoing crypto crash

CASSANDRA BALDINI  |  FRIDAY, 29 JUL 2022
... burnt by the bear market and caught up in a series of defaults. "Due to current macroeconomic conditions and the recent fallout in the crypto space from recent events concerning Celsius Network, 3AC, Babel Finance, and others, Zipmex's CeFi product has ...

Investors seek inflationary refuge in diversification strategies

ANDREW MCKEAN  |  WEDNESDAY, 18 MAY 2022
... rising inflation. The first quarter of 2022 has created a period of renewed uncertainty as investors grappled with the fallout of the war in Ukraine. As geopolitical tensions rose in the wake of this travesty, a series of consequential macroeconomic ...