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Showing 11 - 20 of 46 results for "early May"

Chief economist update: Eurozone contraction heads from mild to severe

BENJAMIN ONG  |  THURSDAY, 28 MAY 2020
... non-targeted pandemic emergency longer-term refinancing operations (PELTROs) to provide extra liquidity to banks. In early May, the ECB forecast GDP growth to contract between 5% (mild scenario) and 12% (severe) in 2020. However, on May 27, ECB president ...

From fines to prosecution: The penalties are in

ELIZA BAVIN  |  THURSDAY, 21 MAY 2020
... individual." This comes after the ATO was forced to suspend sending applications to super funds for two business days in early May so the Australian Federal Police could investigate cases of fraud. Deputy Treasurer Michael Sukkar had confirmed the AFP ...

CFA postpones exams

ELIZA BAVIN  |  FRIDAY, 20 MAR 2020
... CFA aid. "Do not withdraw from the June 2020 exam; we will contact you via email with more information and options by early May." The institute called for patience as it works to serve the hundreds of thousands of candidates who registered for the June ...

AMP overhauls wealth leadership

ELIZABETH MCARTHUR, JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2019
... officer. She joins from RBS where she led operations, technology and change in financial services. She will start in early May. Finally, Ant Dureau has been promoted to chief client officer. He was most recently AMP's acting director of strategic ...

Class appoints chief executive

KARREN VERGARA  |  MONDAY, 18 FEB 2019
... Russell will join the SMSF administration and accounting software provider as managing director and chief executive in early May 2019. He was most recently executive general manager of financial services of digital media REA Group, which operates 20 ...

Macquarie expects profit jump

KANIKA SOOD  |  TUESDAY, 12 FEB 2019
... three key appointments. This means it could post $3.9 billion in profits when it announces FY19's full-year results in early May. "While the impact of future market conditions makes forecasting difficult, Macquarie currently expects an increase of up ...

HSBC quietly exits financial advice

KARREN VERGARA  |  THURSDAY, 5 JUL 2018
... retain Commonwealth Financial Planning which will sit within the retail banking services division. NAB announced in early May it will sell off MLC Advice, along with its platform, superannuation and asset management units. In October 2017, ANZ offloaded ...

Members abandon bank-aligned group insurers

KARREN VERGARA  |  TUESDAY, 5 JUN 2018
... AIA Group agreed to buy 100% of CBA's Australian and New Zealand life insurance businesses for $3.8 billion. In early May, NAB announced to exit the majority of its wealth management operations, including divestment of Australia's largest retail ...

Chief economist update: Should have sold in May and gone away

BENJAMIN ONG  |  TUESDAY, 29 MAY 2018
... strong, are decent enough to push corporate profits higher. This is underscored by the NAB business survey released in early May that showed business confidence rose by two points to a reading of +10 in April (above the long run average of +6) and business ...

ANZ, NAB bottom lines take a hit

KARREN VERGARA  |  TUESDAY, 24 APR 2018
... bleak profitability outlook for shareholders, flagging massive losses ahead of their 2018 half-year reporting period in early May. ANZ will incur a loss of $632 million from the sale of its life insurance, and pensions and investments businesses. About ...