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Showing 3671 - 3680 of 17956 results for "Bank"

Hamish Douglass remains confident amid COVID-19 crisis

ALLY SELBY  |  FRIDAY, 20 MAR 2020
Magellan chair and chief investment officer Hamish Douglass believes COVID-19 could lead to near total economic shutdown, but says his global equities portfolio is well positioned to withstand the current volatile environment. To reduce risk, Douglass ...

Macquarie shares halve in COVID-19 sell-off

ALLY SELBY  |  FRIDAY, 20 MAR 2020
... market analyst Kyle Rodda told Financial Standard financials have been hit here just as much as they have globally. "The bank stocks have been hit pretty hard as the market prices in a low interest rate regime here and across the globe," he said. "Effectively ...

Frontier warns super fund clients of recession

KANIKA SOOD  |  FRIDAY, 20 MAR 2020
... Australia this year, as COVID-19 rolls on. Frontier Advisors used the RBA's MARTIN, a new macroeconomic model the central bank built in 2018, to model growth outcomes for two scenarios: a shorter-term one where global growth slowdown spills over ...

BlackRock appoints Asia Pacific ETF head

KANIKA SOOD  |  FRIDAY, 20 MAR 2020
... instrument of active investment management." Jolly has spent nearly two decades at Citi and previously worked for Deutsche Bank's equity structured products group, where he was involved in the delivery of solutions for hedge funds, pensions and endowments. ...

Platforms maintain cash rate on RBA cut

ALLY SELBY  |  FRIDAY, 20 MAR 2020
Netwealth and HUB24 have kept interest rates on cash accounts at 0%, following the Reserve Bank of Australia's rate cut of 25bps on Thursday. Both platforms confirmed the decision to maintain rates at 0%. "Nothing has changed since last week for ...

Banks defer small business loan repayments

ELIZA BAVIN  |  FRIDAY, 20 MAR 2020
... provide the appropriate regulatory treatment, though still requires authorisation from ASIC. The news comes after Commonwealth Bank chief executive Matt Comyn vowed to "do everything that we can" to keep businesses open and people employed during the ...

Chief economist update: Cash splash

BENJAMIN ONG  |  FRIDAY, 20 MAR 2020
... "RBA cut cash rate by 25 bp to 0.25% and announced a government bond buying program to anchor 3Y yield around 0.25%. Central bank established term funding facility for banks worth at least A$90B, which would allow access to funding of up to 3% of existing ...

RBA pulls QE trigger

ELIZA BAVIN  |  THURSDAY, 19 MAR 2020
The reserve bank has taken unprecedented action, cutting the interest rate to 0.25% outside of planned meetings, to a new historical low. The "comprehensive package" agreed by the Reserve Bank board also included targeting a yield on 3-year Australian ...

Low rates support some bond managers: Report

ELIZA BAVIN  |  THURSDAY, 19 MAR 2020
... has been stabilising investor portfolios against equity losses during a period of increased volatility. "Aggressive central bank easing globally has been favourable for managers with a bias to neutral or longer duration positions," Morningstar said. ...

Chief economist update: Water, water everywhere and not a fish to catch

BENJAMIN ONG  |  THURSDAY, 19 MAR 2020
... really nowhere to hide when even safe-haven assets like sovereign bonds are being sold down. Investors fear that central bank largesse and government stimulus programmes being implemented to mitigate the downdraft of the global lockdowns would erode ...