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Showing 3651 - 3660 of 17956 results for "Bank"

Why banks are lifting TD rates

ALLY SELBY  |  FRIDAY, 27 MAR 2020
In a somewhat surprising move, banks are lifting some of their term deposit rates despite the Reserve Bank of Australia slashing the cash rate to an all-time low of 0.25% last week. It comes after Australia's biggest bank, the Commonwealth Bank ...

Will COVID-19 infect mortgages and RMBS?

ELIZABETH MCARTHUR  |  FRIDAY, 27 MAR 2020
... has a close relationship with US President Donald Trump - warned that banks, publicly-traded mortgage REITs and other non-bank lenders could find themselves in a precarious situation. He added that the action of these institutions i n the coming weeks ...

Cash management account to shutter

KANIKA SOOD  |  FRIDAY, 27 MAR 2020
... their clients. Despite the demand, cash management accounts have had a tough time over the last two years, as the central bank cut the official cash rate five times since January 2019. Earlier this month, Netwealth and HUB24 cut their cash rates to zero ...

No time to look back

ELIZA BAVIN  |  FRIDAY, 27 MAR 2020
In rough times it can seem beneficial to look back at past experiences and think 'If I got through that, I can get through this', but if you ask the fund managers and traders of the world, the consensus is this time does not compare to 1987 ...

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

BENJAMIN ONG  |  FRIDAY, 27 MAR 2020
... from Factset: In as much as initial jobless claims provide a leading indicator of the unemployment rate, Federal Reserve Bank of St. Louis President James Bullard's prediction that the US unemployment rate could hit 30% in the second quarter appears ...

AFCA updates approach amid COVID-19 crisis

ALLY SELBY  |  THURSDAY, 26 MAR 2020
The Australian Financial Complaints Authority will shift its dispute resolution approach, prioritising complaints that relate to COVID-19. The ombudsman said although COVID-19 complaints would be fast-tracked, the circumstances under which financial ...

Global hiring freeze for BlackRock

ELIZABETH MCARTHUR  |  THURSDAY, 26 MAR 2020
... 30 countries. A source told Reuters that the hiring freeze would likely last for a few weeks. A recent National Australia Bank market research note said unemployment is likely to continue to rise following the COVID-19 pandemic and subsequent shutdown. ...

Time for financials to step up: Study

ALLY SELBY  |  THURSDAY, 26 MAR 2020
New research reveals that nine in 10 Australians believe the finance sector has a key role to play in generating positive social, environmental and economic outcomes for the nation. The study comes out of Australian Ethical and Responsible Investment ...

RBA expands stimulus measures to states

ELIZA BAVIN  |  THURSDAY, 26 MAR 2020
The Reserve Bank of Australia has injected around $2 billion into state bonds, as it expands its unconventional monetary policy measures. The move comes as a bid to revive the ability of the states, particularly New South Wales and Victoria, to borrow ...

Avoid listed wealth giants: UBS

HARRISON WORLEY  |  WEDNESDAY, 25 MAR 2020
... how Australian equities can help investors through the current period of market volatility, UBS's analysts said big four bank ANZ was likely to prove a positive purchase given it could be used as an alternative source of yield thanks to its cheap valuation. ...