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Showing 321 - 330 of 5945 results for "banks"

Private credit to play critical role in the economy: MA Financial

CHLOE WALKER  |  TUESDAY, 8 AUG 2023
... Financial managing director real estate credit Cathy Houston says. Talking to Financial Standard, Houston said she expects non-banks to increasingly assist major lenders in servicing the commercial real estate debt market, particularly when it comes ...

ACCC slams door on ANZ, Suncorp deal

CASSANDRA BALDINI  |  FRIDAY, 4 AUG 2023
... being lessened in these markets will lead to customers getting a worse deal." Keough reinforced the need for second-tier banks such as Suncorp Bank and explained such institutions are important competitors against the major banks. "... especially because ...

Mortgage holders, retailers relax after rate pause

KARREN VERGARA  |  WEDNESDAY, 2 AUG 2023
... nation not to get too comfortable with its latest decision. The soaring interest rate climate is a cash bonanza for the banks, which have increased their lending rates astronomically despite the RBA's pauses. A stable cash rate in July didn't stop the ...

FinClear buys cash investment platform

JAMIE WILLIAMSON  |  TUESDAY, 1 AUG 2023
... demand down the line. Transact1 operates a cloud-based platform which hosts numerous superannuation funds, international banks, and Australia's big four. It offers investors an aggregated selection of cash investment products and provides automated ...

Recession risk is receding: Natixis IM

CHLOE WALKER  |  WEDNESDAY, 26 JUL 2023
... to a manageable situation in most developed markets, but it could take some time before aggressive targets set by central banks are met."

Insurance firms defy inflationary shocks

KARREN VERGARA  |  WEDNESDAY, 26 JUL 2023
... largely driven by government stimulus at the onset of the global pandemic, in addition to supply chain bottlenecks, central banks tinkering with monetary policy and the invasion of Ukraine. Birt said many life policies are written based on step premiums. ...

Credit Suisse fined $575m by regulators

CASSANDRA BALDINI  |  TUESDAY, 25 JUL 2023
... Suisse manager. In 2021 Archegos, formerly run by Billy Hwang, defaulted on margin calls from multiple global investment banks, including Credit Suisse. At the time, the bank cut several senior staff members following the hit, including former investment ...

Wealth management ecosystem at critical inflection point: Citi

ANDREW MCKEAN  |  THURSDAY, 20 JUL 2023
... emergence of "new wealth" and a backdrop of an unpredictable global market have also compelled wealth managers and private banks to address the fundamental challenge of maintaining their client relationships, the report added. "In order to effectively ...

Further tightening of monetary policy may be required: RBA

CASSANDRA BALDINI  |  TUESDAY, 18 JUL 2023
... wages under such levels of labour market tightness," the RBA said. Persistent inflation in advanced economies and central banks "unexpected or larger than expected" monetary tightening over the preceding month was also a key consideration. "The policy ...

APRA finalises operational risk prudential standard

ANDREW MCKEAN  |  TUESDAY, 18 JUL 2023
APRA has finalised Prudential Standard CPS 230 Operational Risk Management, which aims to enhance the ability of banks, insurers, and superannuation trustees to manage operational risks and respond to business disruptions. According to QMV legal, the ...