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Showing 11 - 20 of 436 results for %22HSBC Bank%22

BNP Paribas acquires HSBC's hedge fund admin business

CHLOE WALKER  |  WEDNESDAY, 22 NOV 2023
BNP Paribas Securities Services has signed an exclusive agreement to take on HSBC's hedge fund administration business. The transfer of services from HSBC to BNP Paribas will involve the integration of certain employees within BNP Paribas' expert teams ...

Base rate lifts to 4.35%

KARREN VERGARA  |  WEDNESDAY, 8 NOV 2023
... to be about 3.5% by the end of 2024. By the end of 2025, the RBA hopes it will revert to a more acceptable range of 2%-3%. HSBC chief economist for Australia and New Zealand and global commodities Paul Bloxham said the RBA is now in "calibration mode" ...

Inflation eases to 5.4%, RBA tipped to hike interest rates

ANDREW MCKEAN  |  THURSDAY, 26 OCT 2023
... considering "gathering inflation storm clouds" on the horizon. "Expect the RBA to reveal hawk talons on November 7," Miller said. HSBC chief economist Paul Bloxham agrees, noting that although inflation is decreasing, it remains elevated and is falling ...

Former AMP Capital executive takes over at Selfwealth

CASSANDRA BALDINI  |  THURSDAY, 19 OCT 2023
... entry. Before his tenure at AMP Capital, he also held senior management positions at Westpac, Commonwealth Bank, and HSBC Bank Australia. While at HSBC, Keary assisted the bank in developing its online trading platform. SelfWealth chair Christine Christian ...

Bullock keeps cash rate at 4.10%

KARREN VERGARA  |  WEDNESDAY, 4 OCT 2023
... have been saying for months, increasing the cash rate is only good for reducing demand-side pressures like consumer demand." HSBC chief economist for ANZ and global commodities Paul Bloxham predicts a 0.25% hike in the last quarter of 2023, potentially ...

Inflation rises to 5.2%

CASSANDRA BALDINI  |  THURSDAY, 28 SEP 2023
... from the monthly CPI indicator, the annual rise of 5.5% in August is lower than the annual rise of 5.8 in July." Meanwhile, HSBC chief economist Australia New Zealand Paul Bloxham cautioned that the numbers might indicate a potential easing of inflation ...

RBA holds cash rate at 4.1%

CASSANDRA BALDINI  |  WEDNESDAY, 6 SEP 2023
... believe the RBA will need to hike one or possibly two times to ensure that inflation falls back into the 2% to 3% band." HSBC economists Australia, New Zealand and global commodities Paul Bloxham and Jamie Culling agreed that the RBA judged its tightening ...

Latest CPI data provides case for rate pause

CHLOE WALKER  |  THURSDAY, 31 AUG 2023
... inflation risks, as outside of the more volatile aspects of the CPI (food, fuel and holidays) prices remain stickier," she said. HSBC chief economist Australia, New Zealand and global commodities Jamie Culling agreed. While dis-inflation is evident across ...

HSBC committed to local custody arm despite rapid decline in assets

JAMIE WILLIAMSON  |  TUESDAY, 22 AUG 2023
Despite its local assets under custody and administration plummeting by more than 60% in the past six months, HSBC is adamant it's not going anywhere. The most recent statistics to come out of the Australian Custodial Services Association (ACSA) show ...

Major economies buoyed by tight jobs market

KARREN VERGARA  |  FRIDAY, 21 JUL 2023
... economic activity has showed signs of slowing, but this has yet to translate through to a clear loosening in the labour market," HSBC chief economist for Australia, New Zealand and global commodities Paul Bloxham said. AMP deputy chief economist Diana ...