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Showing 3601 - 3610 of 17956 results for "Bank"

Industry fund continues investment team expansion

HARRISON WORLEY  |  TUESDAY, 14 APR 2020
... opportunities," Sawtell-Rickson added. Before joining the fund, Galloway was director of multi-asset solutions at Deutsche Bank, in a role that saw him lead the build-out of a custom cross-asset alternative risk premier portfolio. Galloway said he had ...

Westpac AUSTRAC bill continues to grow

ELIZABETH MCARTHUR  |  TUESDAY, 14 APR 2020
... Westpac today announced expected increased costs associated with AUSTRAC proceedings of $1.03 billion. On top of that, the bank has increased provisions for customer refunds, repayments and litigation by $260 million. It's also had to write down ...

Vale Ted Evans

ELIZA BAVIN  |  TUESDAY, 14 APR 2020
... served 10 years on the board of Westpac from 2001 until his retirement in 2011, including four years as chair, seeing the bank through the Global Financial Crisis. Prime Minister Scott Morrison paid tribute to Evans, calling him one of Australia's great ...

Big four urged to pay up dividends

ALLY SELBY  |  TUESDAY, 14 APR 2020
An Australian investment manager has urged the big four banks to continue paying dividends, propping up APRA's suggestion to use underwritten dividend reinvestment plans (DRPs) to meet the needs of the nation's retirees. Plato Investment Management ...

Chief economist update: BOK holds as infections ease

BENJAMIN ONG  |  TUESDAY, 14 APR 2020
... recouped its 5.2% depreciation versus the US dollar, rebounding by 5.4% from the March 19 low. These, perhaps factored into Bank of Korea's (BOK) decision to keep monetary policy settings unchanged at its 9 April meeting. So does the fact that the ...

Never say never to RBA help: First State Super

HARRISON WORLEY  |  THURSDAY, 9 APR 2020
... which shouldn't be ruled out. First State Super is confident it does not need specific liquidity support from the Reserve Bank, however the fund's chief investment officer Damian Graham said the uncertain economic future means the option should ...

What's next for income-focused funds

KANIKA SOOD  |  THURSDAY, 9 APR 2020
... 1917 and 2019, listed companies paid out about 65% of their earnings as dividends to investors, according to the Reserve Bank of Australia. However, this year is a different story across the world. The European Central Bank has asked banks to defer dividend ...

Trading platforms see record use

HARRISON WORLEY  |  THURSDAY, 9 APR 2020
The COVID-19 pandemic saw Australia's equity markets become a hive of activity throughout March, as self-directed investors moved to protect their portfolios from the crisis' economic fallout. Investment platform Self Wealth released its quarterly ...

Wall Street surges as Sanders drops out, Wuhan reopens

ALLY SELBY  |  THURSDAY, 9 APR 2020
... was still struggling to recover. "Australia (-27.5%) continues to struggle to lift despite very low case numbers, central bank QE and zero interest rate policy, not to mention one of the largest fiscal responses amongst all nations (which could cost ...

Chief economist update: Credit ratings downgrades versus fiscal salvation

BENJAMIN ONG  |  THURSDAY, 9 APR 2020
The Bank of Japan (BOJ) acted quickly in response to the coronavirus outbreak. In an emergency meeting on March 16, the Japanese central bank announced it would buy ETFs at an annual pace of ¥12 trillion, double its J-REIT purchases to ¥180 billion ...