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Showing 361 - 370 of 5941 results for "Banks"

JPMorgan among banks to bid in First Republic sale

CASSANDRA BALDINI  |  MONDAY, 1 MAY 2023
... decision on its takeover could be expected imminently. The Federal Deposit Insurance Corporation (FDIC) previously revealed 11 banks showed their support by depositing $30 billion into First Republic. However, it would seem the that wasn't enough to ...

Venture capital rout rattles advice technology sector

KARREN VERGARA  |  MONDAY, 1 MAY 2023
... hold true any longer. "They were counting on the adviser population, hoping to sell their software solutions into the major banks that are providing advice. That's just not the reality of the advice market. Now, it is a highly fragmented small business ...

Future Fund trumps market averages

ANDREW MCKEAN  |  FRIDAY, 28 APR 2023
... surpassing the ASX (0.1%) and S&P500 (-7.7%). Future Fund Board of Guardians chair Peter Costello explained that as central banks, including the Federal Reserve and the Reserve Bank of Australia, raised interest rates in a bid to control inflation, investing ...

ASIC updates breach reporting guidelines

KARREN VERGARA  |  FRIDAY, 28 APR 2023
... reporting by AFS licensees and credit licensees, following consultation from the likes of super funds, financial advisers, banks and insurance firms that expressed operational issues with the regime since its introduction on 1 October 2021. The updates ...

Investors flock to term deposits over equities

ANDREW MCKEAN  |  THURSDAY, 27 APR 2023
... billion to $37.5 billion, a decrease of 8%. In contrast, APRA data shows a significant increase in term deposit holdings in banks between December 2021 and September 2022, with the amount rising by $170 billion, from $781 billion to $951 billion - a ...

US platform bids for Yieldbroker

JAMIE WILLIAMSON  |  THURSDAY, 27 APR 2023
... million of this after costs. In addition to the ASX, Yieldbroker is owned by an assortment of domestic and international banks, as well as former and current employees. Yieldbroker is a trading platform for Australian government bonds and interest rate ...

$100bn withdrawal triggers First Republic stock plunge

ANDREW MCKEAN  |  WEDNESDAY, 26 APR 2023
... workforce by around 20-25% in Q2 2023. First Republic chief financial officer Neal Holland said with the closure of several banks in March, the bank experienced unprecedented deposit outflows. "We moved swiftly and leveraged our high-quality loan and ...

RBA appointments prompt debate

CASSANDRA BALDINI  |  FRIDAY, 21 APR 2023
... strengthen accountability. "It better aligns the RBA's monetary decision-making process with some other key central banks around the world," he said. However, Philip added, these sorts of changes will be of little relevance to Australian households ...

SMSF Association names head of membership

CHLOE WALKER  |  TUESDAY, 18 APR 2023
Neil Sparks will become the new head of membership and corporate development for the SMSF Association, effective May 1. Sparks currently serves as head of policy and technical services at BT, a tenure he has held for over 15 years. As a fellow of the ...

Global X launches new Australian equity ETF

CHLOE WALKER  |  THURSDAY, 13 APR 2023
... as a sector diversification tool, allowing investors to complement existing blue-chip portfolio holdings in the big four banks, major mining and energy companies, while avoiding a concentration in these sectors. "This fund offers an effective solution ...