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Showing 3411 - 3420 of 17956 results for "Bank"

IFM adds to leadership

HARRISON WORLEY  |  FRIDAY, 19 JUN 2020
... media reports regarding your referral to APRA and ASIC do not clearly indicate that the sought for investigation will include bank-owned retail funds - which were the locus of misconduct in the Royal Commission, and were found to systematically underperform ...

Vanguard adds to Aussie executive lineup

ALLY SELBY  |  FRIDAY, 19 JUN 2020
Vanguard has appointed a new lead for its Personal Investor business, as the incumbent steps down for opportunities abroad. Balaji Gopal has been appointed as Vanguard Australia's new head of Personal Investor, and will also join the investment ...

S&P warns of record fallen angels

ELIZA BAVIN  |  FRIDAY, 19 JUN 2020
... status and a record 126 on a rating of BBB-, the lowest investment-grade rung. The ratings agency said moves by the US central bank to pump liquidity into the market through corporate bond purchases may help buffer the market. "The Federal Reserve's ...

Chief economist update: Honey, COVID-19 got me sacked

BENJAMIN ONG  |  FRIDAY, 19 JUN 2020
... lockdowns and social interaction restrictions will have to be reinstated. The good news is that both the Australian central bank (it's prepared to scale-up its government purchases again and will do whatever is necessary to ensure bond markets remain ...

AMP Capital names new chief

ELIZA BAVIN  |  FRIDAY, 19 JUN 2020
... region. Pahari has over 25 year's international experience in financial services, including with Citigroup, Commonwealth Bank and 13 years with ABN AMRO in North America, Europe and Asia. "I'm honoured to have been appointed as chief executive ...

Westpac sells legacy stake in Pendal

KANIKA SOOD  |  THURSDAY, 18 JUN 2020
... Westpac has also been slowly withdrawing assets managed by Pendal, while the latter also separates its operations from the bank. It will add abouttwo basis points to Westpac's common equity tier 1 capital. Yesterday's sale rids Westpac of its final share ...

Sargon buyers announce execs, ditch Sargon name

KANIKA SOOD  |  THURSDAY, 18 JUN 2020
The buyers of Sargon's operating businesses have announced its new executive and board lineup and will rebrand it to Certes Corporation, leaving behind the Sargon brand. Former PEXA chief Marcus Price will move into the role of group chief executive ...

VanEck makes case for equal weight investing

ALLY SELBY  |  THURSDAY, 18 JUN 2020
The $50 billion exchange traded funds issuer has made the case for equal weight investing, arguing a skewed exposure towards smaller stocks can outperform during periods of market recovery. In its new research paper The road to recovery, VanEck examines ...

APRA hands reins to ASIC in AUSTRAC case

ALLY SELBY  |  THURSDAY, 18 JUN 2020
APRA has delegated some of its enforcement powers to the corporate watchdog, as the two agencies continue their investigations into AUSTRAC's allegations against Westpac. To limit any overlap, the prudential regulator will hand over responsibilities ...

Profound uncertainty remains: IMF

ELIZA BAVIN  |  THURSDAY, 18 JUN 2020
The International Monetary Fund (IMF) said in surveying the economic landscape, the sheer scale and severity of the global lockdown has been striking. Gita Gopinath, economic counsellor and director of the research department at the IMF, said the "Great ...