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Showing 321 - 330 of 5968 results for "banks"

Private credit boom sweeps Australia

KARREN VERGARA  |  TUESDAY, 10 OCT 2023
... credit boom shows no signs of abating as a spate of wealth managers step into traditional lending practices once dominated by banks. But how long will its golden hour last? After a prolonged low-growth period, fund managers are swooping in on the opportunities ...

How will the Israel-Hamas conflict impact Australia?

CASSANDRA BALDINI  |  TUESDAY, 10 OCT 2023
... impacts energy, it's used widely. If globalisation starts rising as well, then it makes the equation harder for central banks to say that they've reached the top in terms of their rate hike cycle," he said. "It increases the risk that we may ...

Australia vulnerable to further shocks: RBA

CASSANDRA BALDINI  |  MONDAY, 9 OCT 2023
... risk of insolvency is increasing, its impact on the wider financial system continues to be minimal. The RBA said Australian banks are profitable and hold capital and liquid assets in excess of regulatory requirements. Further, banks' funding sources ...

Super funds offer merger update

JAMIE WILLIAMSON  |  TUESDAY, 3 OCT 2023
... recently confirmed that, after consultation with the federal treasurer, assistant treasurer and Treasury, the Commonwealth Banks Act 1959 was amended to allow for the continuation of the Commonwealth Government Guarantee for defined benefit members under ...

Global insurers eye private markets, clean energy: BlackRock

ANDREW MCKEAN  |  FRIDAY, 29 SEP 2023
... mega forces include the ageing population, transition to a low-carbon economy, global fragmentation, the evolving roles of banks and non-bank financial institutions, and digital disruption. He said these dynamics create fresh challenges and new opportunities ...

ASIC fines fintech for misrepresenting crypto product

CASSANDRA BALDINI  |  WEDNESDAY, 27 SEP 2023
... infographic comparing the interest rates available to customers through the investment product to those offered by various banks. ASIC explained that in this time, Bobbob made representation that may have led consumers to believe the crypto-asset linked ...

EQT launches new wholesale fund down under

CHLOE WALKER  |  TUESDAY, 26 SEP 2023
... Martin Donnelly said it comes in response to growing demand from local wholesale investors, financial advisers, private banks, and family offices for diversified private asset solutions. "Australian wholesale investors, along with their advisers and ...

ANZ hit with $15m penalty for misleading customers

ANDREW MCKEAN  |  TUESDAY, 26 SEP 2023
... It should not have taken ANZ several years to address this issue," Court said. "ASIC will continue to take action against banks who fail in their duty to act efficiently, honestly and fairly in dealings with customers." ANZ has already reimbursed over ...

VanEck to launch three fixed income ETFs

ANDREW MCKEAN  |  TUESDAY, 26 SEP 2023
... traded products (ETPs) have attracted $2.6 billion in assets. "We anticipate greater demand for fixed income as central banks have pushed nominal yields higher. There is almost $15 billion out of $156 billion assets under management in Australian fixed ...

NAB to pay $2.1m for knowingly overcharging customers

JAMIE WILLIAMSON  |  FRIDAY, 22 SEP 2023
... resolving an issue in a timely way. If systems have let customers down, we expect all financial institutions, especially our banks, to act quickly to reduce consumer harm." In response, NAB said the issue "related to the incorrect selection of a fee ...