Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 301 - 310 of 4332 results for "Bank of"

Federal Court rejects two CBA class actions

KARREN VERGARA  |  MONDAY, 13 MAY 2024
The Federal Court shut down two class actions against Commonwealth Bank of Australia (CBA) relating to anti-money laundering and counter-terrorism financing (AML/CTF). AUSTRAC alleged as early as 2017 that the bank contravened the Anti-Money Laundering ...

Chalmers makes bold inflation prediction

ELIZA BAVIN  |  MONDAY, 13 MAY 2024
Federal Treasurer Jim Chalmers says the government is predicting inflation will come back into the Reserve Bank of Australia's (RBA) target range of 2-3% by Christmas and will be sitting at around 2.75%. The prediction is at odds with the RBA's modelling ...

Discover the best performing asset class of 2023: Mercer

ANDREW MCKEAN  |  THURSDAY, 9 MAY 2024
... 21.7% return. The hedged returns were slightly lower due to the Federal Reserve raising rates higher than the Reserve Bank of Australia in 2023. Global small caps (unhedged) achieved a 15.62%, followed by Australian equities at 12.13%, and emerging market ...

Experts weigh in: Will the RBA hike rates again?

ELIZA BAVIN  |  WEDNESDAY, 8 MAY 2024
The Reserve Bank of Australia (RBA) left interest rate unchanged at the May meeting, as was widely expected by economists. But some have suggested another hike could be on the horizon given less than optimistic inflation data which rose 1% in the March ...

Former APRA chair joins ASX board

ELIZA BAVIN  |  MONDAY, 6 MAY 2024
... the secretary general of the Basel Committee on Banking Supervision. In his role as APRA chair, he served on the Reserve Bank of Australia's payment systems board and was a member of the Australian Council of Financial Regulators. Byres stepped down ...

Janus Henderson acquires NBK Wealth, Tabula Investment Management

ANDREW MCKEAN  |  FRIDAY, 3 MAY 2024
Janus Henderson has acquired the wealth management arm of the National Bank of Kuwait, NBK Wealth, as well as European ETF provider, Tabula Investment Management. The US$353 billion asset manager said in its Q1 2024 results that NBK Wealth's private ...

ISPT issues $1.5bn sustainably linked loan facility

ANDREW MCKEAN  |  MONDAY, 22 APR 2024
... facility is evenly split across five and seven-year tenors and has attracted participation from 20 lenders. Commonwealth Bank of Australia (CBA), ANZ, Westpac, and HSBC acted as joint mandated lead arrangers and bookrunners and joint sustainability coordinators. ...

AMP North adviser inflows rise 22%

ANDREW MCKEAN  |  THURSDAY, 18 APR 2024
AMP North inflows from independent financial advisers (IFAs) increased 22% as its platforms business' assets under management (AUM) increased to $74.3 billion. In a quarterly business update, AMP reported that net cash inflows to platforms increased ...

Powell backflips on rates pushing back RBA cut expectations

ELIZA BAVIN  |  WEDNESDAY, 17 APR 2024
... earlier this month sounded confident the US central bank was aiming to cut rates "at some point this year". The Reserve Bank of Australia (RBA) is expected to cut rates after the US, which means it could be some time yet before pressure is eased. VanEck ...

Billionaire receives death penalty for embezzlement

KARREN VERGARA  |  FRIDAY, 12 APR 2024
... trillion (US$27bn) to SCB. "To cover the wrongdoing at SCB, Lan ordered her subordinates to bribe auditors of the State Bank of Vietnam," the report said. Citing the judges, VN Express said that Lan indirectly owned a 91.5% stake in SCB through many ...