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Showing 3041 - 3050 of 17956 results for "Bank"

Chief economist update: RBA does the limbo rock

BENJAMIN ONG  |  WEDNESDAY, 4 NOV 2020
... Gonna do the limbo rock..." - Chubby Checker, Limbo Rock Australian equities and bond markets applauded after the Reserve Bank of Australia (RBA) didn't disappoint expectations, showing just how low it can go. The All Ordinaries index jumped by 1.9% ...

RBA cuts rate to new historic low

ELIZA BAVIN  |  TUESDAY, 3 NOV 2020
The Reserve Bank of Australia (RBA) has announced another rate cut, bringing the cash rate down to 0.10% for the first time in history. Not only that, but RBA governor Philip Lowe announced a ramp up of quantitative easing measures, bringing in a new ...

Aberdeen drops fees on fixed income fund

KANIKA SOOD  |  TUESDAY, 3 NOV 2020
... Aberdeen Standard Investments managing director Australia Brett Jollie said. "Bond yields are low due to extraordinary central bank intervention. Investors need to remember the defensive role that fixed income plays in a portfolio rather than simply ...

The rate that stops the nation

ELIZA BAVIN  |  TUESDAY, 3 NOV 2020
Prior to the horses hitting the track many economists are betting on a rate cut by the Reserve Bank of Australia's board today to a new historical low of 0.10%. Finder's RBA cash rate survey found 67% of economists believe the central bank will cut ...

RBA, CBA, NAB partner for wholesale currency

ANNABELLE DICKSON  |  TUESDAY, 3 NOV 2020
The Reserve Bank of Australia has announced a partnership with a consortium of financial institutions and a blockchain technology company to develop a wholesale central bank digital currency (CBDC) using distributed ledger technology (DLT) for settlement. ...

FSC names new chair

KANIKA SOOD  |  MONDAY, 2 NOV 2020
The Financial Services Council has appointed a new chair to replace Geoff Lloyd, who has stood down due to his resignation from MLC Wealth. The role is going to Mercer Australia's recently appointed chief executive David Bryant. Bryant was previously ...

Westpac profits down on AUSTRAC fine

ANNABELLE DICKSON  |  MONDAY, 2 NOV 2020
... fine. Statutory profit decreased $4.94 billion to$2.29 billion while cash earnings tumbled 62% to $2.6 billion, which the bank says is attributable to the $1.3 billion penalty to settle the AUSTRAC proceedings. Westpac Group chief executive Peter King ...

Lion Global partners with local distributor

KARREN VERGARA  |  MONDAY, 2 NOV 2020
... bring our Asian Private Equity expertise to Australian institutional investors," he said. Lion Global is a subsidiary of OCBC Bank, with about US$43.8 billion ($62.5 billion) of assets under management as at June 2020, and a team of over 40 fund managers ...

Insight Investment Australia grows team

ELIZABETH MCARTHUR  |  MONDAY, 2 NOV 2020
... was manager, treasury sales for SMBC in Australia and had a role as dealer, money market and FX sales for Korea Exchange Bank based in London. "Ben is a great fit for our organisation. He has a strong track record working with clients on solutions to ...

Fastest-growing AFSLs in the country

KANIKA SOOD  |  FRIDAY, 30 OCT 2020
... the period. The big four banks saw the most adviser registrations cease: AMP Financial Planning (376), National Australia Bank (375), Commonwealth Financial Planning (247) and Australia and New Zealand Banking Group (231). Adviser market share Despite ...