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Showing 3661 - 3670 of 17956 results for "Bank"

Chief economist update: The cheaper alternative

BENJAMIN ONG  |  WEDNESDAY, 25 MAR 2020
... of control, when frontline responders are themselves infected and medical supplies (like ventilators) become scarce. The Bank of England has cut interest rates by a total of 65 bps in March - 50bps on March 11 and 15 bps on the 19th and increased its ...

Why remediation jobs aren't short-term

ELIZABETH MCARTHUR  |  TUESDAY, 24 MAR 2020
The woman who ran BT Financial Group's advice remediation program has revealed what financial advisers need to know about remediation, and why some of the banks may make their remediation teams permanent. Melissa Bogg was program director and head ...

Calls for super release to borrow from RBA

ALLY SELBY  |  TUESDAY, 24 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. It comes as the industry responds to Prime Minister Scott Morrison's ...

Recovery expected in 2021: IMF

ELIZA BAVIN  |  TUESDAY, 24 MAR 2020
... according to IMF managing director Kristalina Georgieva. Following a conference call of G20 finance ministers and Central Bank governors Georgieva said that while the human cost of COVID-19 is "already immeasurable" if countries work together they can ...

Chief economist update: Lock us down Scotty!

BENJAMIN ONG  |  TUESDAY, 24 MAR 2020
Think your 30-50% year-to-date loss in your equity portfolio is bad? Just wait until all buyers disappear, consumed by a tiny speck of micro-organism. Remember Murphy's Law? "Anything that can go wrong will go wrong". Monetary and Keynesian stimulus ...

NAB Private director starts new venture

KANIKA SOOD  |  MONDAY, 23 MAR 2020
A former director in NAB's private bank has set up a funds management distribution business, and has signed a UK fund manager as its first client. Richard Borysiewicz, who was a private client director at NAB Private focusing on high-net-worth clients ...

APRA heat map update in doubt

HARRISON WORLEY  |  MONDAY, 23 MAR 2020
APRA's June update to the MySuper heat map is in question, as the prudential regulator suspends the majority of its supervisory and policy initiatives to zero in on the health of its regulated entities amid COVID-19. The prudential regulator has ...

AMP director retires

ALLY SELBY  |  MONDAY, 23 MAR 2020
... the completion of the sale of the business to Resolution Life, however, he will retire from both the AMP Limited and AMP Bank boards, as well as the firm's Risk, Audit and Remuneration Committees. Rahoul Chowdry, who joined AMP's board at the beginning ...

Healy departs NAB

ELIZA BAVIN  |  MONDAY, 23 MAR 2020
National Australia Bank has announced that its chief customer officer, business and private banking, Anthony Healy, will leave the bank after 10 years. NAB Group chief executive Ross McEwan said Healy had led the banks operations at a critical time ...

Chief economist update: What happens in China...

BENJAMIN ONG  |  MONDAY, 23 MAR 2020
... - if memory serves me right, in early February. This is at the same time that the Chinese government and the People's Bank of China (PBOC) were rolling out stimulus measures - what other fiscal and money authorities are implementing now. While it ...