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Showing 291 - 300 of 5968 results for "banks"

RBA anticipated to delay interest rate cuts

ANDREW MCKEAN  |  TUESDAY, 6 FEB 2024
... such cuts for the foreseeable future. Bloxham said that the RBA is expected to be among the final developed economy central banks to initiate rate cuts, citing its delayed commencement of rate hikes, comparatively modest interest rate increases, and ...

Unlisted asset valuation practices under review

JAMIE WILLIAMSON  |  THURSDAY, 1 FEB 2024
... submit CPS 234 self-assessments in the next six months as part of APRA's cybersecurity stocktake involving more than 300 banks, insurers, and super funds. The update on priorities comes as Australia's total retirement savings pot marches steadily towards ...

Westpac loses Ausgrid rate swap case

JAMIE WILLIAMSON  |  THURSDAY, 1 FEB 2024
... unconscionable and exposed its client to significant risk. Westpac's conduct was also in stark contrast with several other banks. "We share the Court's concern regarding the maximum penalty available in relation to the conduct and note that had Westpac ...

VanEck to unveil private credit ETF

KARREN VERGARA  |  WEDNESDAY, 24 JAN 2024
... an unparalleled global phenomenon. We're seeing private credit increasingly taking over the core business of traditional banks, that is, the provision of debt capital to medium-sized companies and real estate. Australian investors will now be able to ...

Future Fund soars to $272.3bn

KARREN VERGARA  |  TUESDAY, 23 JAN 2024
... of sticky inflation and geopolitical issues, as well as the threat of a recession sparked by the collapse of US regional banks that did not eventuate in 2023. "Equity markets were at one point in or near a technical correction and bonds were in their ...

ME Bank fined $820k for misleading borrowers

CHLOE WALKER  |  MONDAY, 22 JAN 2024
... period. The bank pleaded guilty to all charges. ASIC executive director for enforcement and compliance Tim Mullaly said that banks are expected to properly notify and update customers who are entitled under the law to receive accurate information about ...

MSC Trustees acquires Certane Corporate Trust

KARREN VERGARA  |  FRIDAY, 19 JAN 2024
... services. He added that competition in the local custody space has been retreating following the exit of the Australian banks to return to core business. "Global depository/custodial businesses such as HSBC, J.P. Morgan and Citi Group have also retreated ...

Emerging markets well placed for 2024

CHLOE WALKER  |  FRIDAY, 19 JAN 2024
... Asia basis)," Buchet said. "Across emerging markets, disinflation is now well entrenched, thanks to emerging market central banks having done a fine job of acting early and forcefully to preserve their inflation-targeting credibility." This, Buchet said ...

PineBridge Investments names distribution head for APAC, EMEA

ANDREW MCKEAN  |  THURSDAY, 11 JAN 2024
... oversee the asset manager's APAC and EMEA intermediary business strategy, distributing its investment products to private banks, family offices, retail banks, insurers, and distribution platforms, with a particular emphasis on the UK, Switzerland, and ...

IG appoints institutional sales manager

ANDREW MCKEAN  |  TUESDAY, 19 DEC 2023
... including technology, platforms, products, and exchanges to hedge funds, family offices and private investment vehicles, banks and brokers, asset managers.