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| | | ... the firm over the next two years, with expense reductions not out of the question. In a document filed with the ASX this week, ClearView said it had assessed a range of stress test scenarios covering the businesses over the next two years, including ... |
| | | | ... the delay on launching when it lifts the hold. The regulator has been busy sending off missives to regulated entities this week. To begin the week, it warned authorised deposit taking institutions and insurers that it expected them to limit discretionary ... |
| | | | ... responsibilities as the bank's head of global economic and markets research. Stephen Halmarick nabbed the new role this week, having been with the bank's research team since January 2018. He takes over from Michael Blythe, who spent 24 years ... |
| | | | ... record, according to Bank of America economists. It comes as about 6.65 million people filed for unemployment in the US this week, in the highest level of claims received by the country's Labor Department in its history. It brings the total number of ... |
| | | | ... with its administrator, Link, to ensure it is ready for the onslaught. However, speaking to Financial Standard earlier this week, Link chief executive John McMurtrie said meeting the government's deadline will be tough. McMurtrie said the current ... |
| | | | ... claims were false and won in the judgement handed down in February. Damages were to be declared in March. The court, this week, set the costs payable by Bonitas and Wiechert at $530,201 and damages at $368,974, declaring they had contravened both the ... |
| | | | ... tally is now $320 billion, equating to 16.4 per cent of GDP." Wait there's more... to come. "More will be announced this week as the government unveils details of its rent-relief measures. Residential and commercial landlords will be banned for six ... |
| | | | This week the world gained some clarity as to the true scale of the impact COVID-19 is likely to have which, in turn, made clearer the challenges the financial services industry will face in combating the pandemic's effects. However, greater uncertainty ... |
| | | | ... rates will especially benefit retirees, who rely on the interest they earn from their savings. "Notably, Westpac will this week start offering a market-leading rate of 2% for an eight-month term deposit for people aged 65 and over." Of the big four ... |
| | | | ... mortgage defaults. Thomas J. Barrack, a US private equity real estate investor and founder and chair of Colony Capital, this week warned that commercial mortgage markets are in jeopardy. "The market for commercial real estate mortgage loans in the United ... |
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