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Showing 3691 - 3700 of 17956 results for "Bank"

Chief economist update: China leads the way

BENJAMIN ONG  |  TUESDAY, 17 MAR 2020
... of infections on a daily basis, it's become hard to keep tabs on which country has closed its borders, which central bank has eased policy and which government announced new stimulus measures and by what amount. Still, little baby won't hush. ...

CBA in court over RC case studies

ELIZABETH MCARTHUR  |  MONDAY, 16 MAR 2020
ASIC has commenced proceedings against Commonwealth Bank over the AgriAdvantage Plus Package and credit services provided to problem gamblers. Both cases were Royal Commission case studies and are being pursued by the regulator in the Federal Court. ...

UniSuper suspends stock lending

JAMIE WILLIAMSON  |  MONDAY, 16 MAR 2020
... calm the market after Milan's stock market fell 17%. The stocks included Ferrari, Juventus and Lazio football clubs and bank Unicredit. The move followed similar decisions by Italy's regulator and Spain's securities regulator Comision Nacional ...

Former ANZ Wealth investment chief exits

JAMIE WILLIAMSON  |  MONDAY, 16 MAR 2020
... strategy, Australia at UBS Global Asset Management and is a former head of economic activity and forecasting at the Reserve Bank of Australia, having served 10 years at the central bank. The job cuts were revealed last week when the FSU said ANZ leadership ...

Financial regulators poised for action

HARRISON WORLEY  |  MONDAY, 16 MAR 2020
... markets fair and orderly. ASIC's action comes as the Council of Financial Regulators - which includes APRA and the Reserve Bank - said the regulators and government were working closely together to help ensure the availability of credit to households ...

Former Toys "R" Us executives face fraud charges

ALLY SELBY  |  MONDAY, 16 MAR 2020
Former executives of the popular children's store lined their pockets with $26 million (US$16 million) in bonuses just days before filing for bankruptcy, including a $4.2 million (US$2.6 million) bonus awarded to chief executive David Brandon. This ...

US turns to QE, RBA to follow

ELIZA BAVIN  |  MONDAY, 16 MAR 2020
... the clean functioning of financial markets, stepping in to provide liquidity when needed." The Fed is not the only central bank to start implementing more drastic measures to offset the economic impact of the virus. RBA governor Philip Lowe said the ...

Citi to expand local securities team

HARRISON WORLEY  |  MONDAY, 16 MAR 2020
... clients. Citi is expecting to build out its Sydney footprint after it finalised a client transfer agreement with the Royal Bank of Canada which sees clients of RBC transition to the global bank's local securities services arm over the next two years. ...

Chief economist update: Coronavirus cures climate change

BENJAMIN ONG  |  MONDAY, 16 MAR 2020
... also said it would inject an additional ¥1.5T in two-week lending. ECB chief economist Lane said in a blog post central bank will not tolerate any risks to smooth transmission of its policy and stands ready to do more. BOC cut 50bps to 0.75% following ...

Westpac hit with another class action

ELIZA BAVIN  |  FRIDAY, 13 MAR 2020
... said it expects around $80 million in additional expenses in FY20 as part of its response plan to the AUSTRAC scandal. The bank is facing 23 million alleged breaches of anti-money laundering and counter-terrorism laws brought on by AUSTRAC. The regulator ...