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Showing 11 - 20 of 257 results for %22Household Capital%22

Mercer appoints three new directors

ANDREW MCKEAN  |  MONDAY, 3 JUL 2023
... government sectors globally. His past positions include serving as vice chair of J.P. Morgan and as a director of Household Capital, a financial services firm providing longevity income to senior Australians. Marsh McLennan Pacific chief executive David ...

US recession possible, but recovery would be strong: Capital Group

CHLOE WALKER  |  THURSDAY, 22 JUN 2023
Despite an eventful first half of the year, the US economy has been surprisingly resilient, according to Capital Group economist Robert Lind. Addressing the audience at Capital Group's global mid-year investor outlook presentation, Lind said this is ...

Budget of missed opportunities: Industry

CASSANDRA BALDINI  |  WEDNESDAY, 10 MAY 2023
Stakeholder responses to the federal budget are mixed at best, with many believing key measures require further consideration and consultation. Perhaps the measure that will most impact the financial services industry, the government remained firm in ...

Purpose of pause to gather more data: RBA

CASSANDRA BALDINI  |  TUESDAY, 18 APR 2023
... observed that they would receive another quarterly reading on inflation, additional monthly readings on the labour market, household spending and business conditions, and further information on developments in the global economy and financial markets," ...

US agencies act to prevent crisis

JAMIE WILLIAMSON  |  MONDAY, 13 MAR 2023
... broader economy," the Federal Reserve said. "The 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 ...

Don't call it a comeback: APRA on IDII

CHLOE WALKER  |  TUESDAY, 10 JAN 2023
... profitability, this reduces affordability and leads to poor consumer outcomes. "This will be further exacerbated by the lower household income and spending in a high inflation environment," it said. Meanwhile, the reserves that were set aside in anticipation ...

Household Capital acquires Pension Boost

ANDREW MCKEAN  |  MONDAY, 5 DEC 2022
Household Capital has acquired government home equity scheme specialist Pension Boost; endeavoring to become the leading provider of home equity access in 2023. Pension Boost assists retirees in accessing the Home Equity Access Scheme with Centrelink. ...

Australia can avoid recession: Outlook

CASSANDRA BALDINI  |  WEDNESDAY, 9 NOV 2022
... normally flow from a 25% fall in approvals," Oliver said. While recognising that the surge in energy prices has impacted household budgets, he explained that simultaneously it's provided a boost to national income through energy company earnings. "This ...

Australian housing slump marches on

ANDREW MCKEAN  |  TUESDAY, 1 NOV 2022
... drivers of the downturn remain: poor affordability, rising mortgage rates, some rise in new listings, a rotation in household spending from goods, cost of living pressures, and a collapse in homebuyer confidence," Oliver said. Though, he argued the biggest ...

US recession probability reaches 75% - is Australia at risk?

ANDREW MCKEAN  |  TUESDAY, 1 NOV 2022
... (RBA) has a greater capacity to keep rates lower for longer. "This buys us time to fix some of the issues that risk household financial distress," Saxena said. "In my view, the main risk to the Australian economy is financial distress. I expect the real ...