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Showing 3641 - 3650 of 17956 results for "Bank"

First in first out?

BENJAMIN ONG  |  WEDNESDAY, 1 APR 2020
... operational pressures with more firms reported funding shortages and falling demand than in February -- reasons why the People's Bank of China (PBOC) and central command are not letting their guards down. The PBOC just recently cut its 7-day repo rate ...

Hume calls for diversity in super fund mergers

HARRISON WORLEY  |  TUESDAY, 31 MAR 2020
Senator Jane Hume has denounced mergers between super funds with similar membership bases, saying concentrated memberships can make funds weak and smaller funds should look to emulate the likes of AustralianSuper and Sunsuper. In an address to the AFR ...

Chief economist update: Great Scott! Mighty Mo to the rescue

BENJAMIN ONG  |  TUESDAY, 31 MAR 2020
... would have described him as 'super', but I've already used that moniker in reference to former European Central Bank (ECB) president Marion Draghi when he did "whatever it took" to save the splintering of the single currency region from splintering ...

Super funds called out over liquidity

ELIZA BAVIN  |  MONDAY, 30 MAR 2020
The House of Representatives Standing Committee on Economics chair, Tim Wilson, has called out super funds that have said they are experiencing liquidity issues, saying it is inconsistent with evidence previously provided to the committee. Many super ...

Banks throw more businesses a lifeline

ALLY SELBY  |  MONDAY, 30 MAR 2020
... Australian Banking Association's (ABA) small business relief package now extends to 98% of businesses with loans from an Aussie bank, with the loan threshold for those who qualify now lifting from $3 million to $10 million. The support package will apply ...

Chief economist update: A whole new world

BENJAMIN ONG  |  MONDAY, 30 MAR 2020
... tightening restrictions on social interaction and the ever-increasing amount of money released from government and central bank coffers. How wide and far-ranging future lockdown rules become and how much more trillions are spent will depend on the successful ...

Court confirms Storm Financial founders breached duties

JAMIE WILLIAMSON  |  FRIDAY, 27 MAR 2020
... to each of the 11 investors in question". Storm collapsed in 2009 after being forced into administration by Commonwealth Bank. The Townsville-based company was about $90 million in debt. In 2010, ASIC's initial case centered around specific investors ...

The week that was

JAMIE WILLIAMSON  |  FRIDAY, 27 MAR 2020
... director has proposed an alternative solution to soften the blow of COVID-19, one reliant on borrowing funds from the Reserve Bank of Australia rather than superannuation funds. Finance professor Kevin Davis said the government's "early superannuation ...

Wealth manager appoints new head of advice

HARRISON WORLEY  |  FRIDAY, 27 MAR 2020
A former Westpac operations manager has been appointed to lead the financial advice capabilities of a listed wealth manager. ClearView has confirmed its appointment of Nick Howell as the firm's new head of advice. "Nick's appointment is part ...

The bulls are back

ELIZA BAVIN  |  FRIDAY, 27 MAR 2020
... 22% from its February 19 record high. Adding to the upbeat sentiment, Federal Reserve chair Jerome Powell said the central bank stood ready to act 'aggressively' to shore up credit in the market on top of the unprecedented policy easing announced ...