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

Search Results

Showing 301 - 310 of 4298 results for "Bank of"

NAB names new chief executive

CHLOE WALKER  |  WEDNESDAY, 7 FEB 2024
... 27 years of experience in financial services. Prior to joining NAB, Irvine was head of Canadian Business Banking at the Bank of Montreal. He has held a range of roles at BMO and previously worked for McKinsey & Company, Lycos Europe, and Credit Agricole. ...

Cash rate unchanged at 4.35%

KARREN VERGARA  |  WEDNESDAY, 7 FEB 2024
The Reserve Bank of Australia (RBA) kept the cash rate unchanged at 4.35% on the back of positive inflation data in its first meeting for 2024. Despite inflation registering at 4.1% for the month of December, down from a peak of 7.8% one year prior ...

RBA anticipated to delay interest rate cuts

ANDREW MCKEAN  |  TUESDAY, 6 FEB 2024
... Paul Bloxham says that despite widespread market enthusiasm for imminent central bank interest rate cuts, the Reserve Bank of Australia (RBA) is likely to hold off on such cuts for the foreseeable future. Bloxham said that the RBA is expected to be among ...

Inflation falls to 4.1%, RBA weighs rate cut

ANDREW MCKEAN  |  THURSDAY, 1 FEB 2024
Annual inflation in December 2023 was 4.1%, down from 5.4% the previous quarter, but still above the Reserve Bank of Australia's (RBA) 2-3% target band. This marks the fourth consecutive quarter of declining annual inflation, down from a peak of 7.8% ...

Interest rates drive adviser conversations in 2024

KARREN VERGARA  |  THURSDAY, 25 JAN 2024
... on which direction interest rates will take in 2024 or if they will move at all. Commonwealth Bank predicts the Reserve Bank of Australia (RBA) will drop the base rate by 0.75% from September in the hope inflation returns to an acceptable 2-3% target ...

Perpetual Corporate Trust adds staff

ELIZABETH FRY  |  MONDAY, 22 JAN 2024
... with Perpetual, she spent four years at J.P. Morgan as a transaction manager - deal execution and a brief stint at the Bank of New York Mellon. "So excited to be taking on this new role, grateful for the support of the Perpetual Corporate Trust team ...

Australian economic growth slows, IMF maintains positive outlook

ANDREW MCKEAN  |  MONDAY, 22 JAN 2024
... to 5.4% in the third quarter of 2023, down from 7.8% in the fourth quarter of 2022, though it remains above the Reserve Bank of Australia's (RBA) target range of 2-3%. In response, the RBA has significantly tightened monetary policy, raising the cash ...

ME Bank fined $820k for misleading borrowers

CHLOE WALKER  |  MONDAY, 22 JAN 2024
... have been remediated. ME Bank, which had been owned by a group of industry super funds since 1994, became a subsidiary of Bank of Queensland (BOQ) in 2021.

Finnfund names chief investment officer

CHLOE WALKER  |  WEDNESDAY, 17 JAN 2024
... investment companies Eastnine AB and VEF, and as chair of T&B Capital. Loikkan is also a senior independent director at Bank of Georgia. Loikkanen has previously worked in management positions at Nordea Finance Group and East Capital. Interestingly ...

Government proposes framework for clearing and settlement services regulation

ANDREW MCKEAN  |  WEDNESDAY, 17 JAN 2024
... advice from financial regulators including ASIC, the Australian Competition and Consumer Commission (ACCC), and the Reserve Bank of Australia (RBA). The public consultation process for this exposure draft instrument is now open, allowing stakeholders ...