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Showing 361 - 370 of 5945 results for "banks"

ASIC revises IDR reporting framework

JAMIE WILLIAMSON  |  MONDAY, 8 MAY 2023
... first time under the framework. The first group to do so comprised 97 large firms who reported earlier this year, including banks and some superannuation funds. The second group, to report by August, will be about 260 firms. ASIC estimates these two ...

AustralianSuper hires investment lead in Europe

ELIZABETH FRY  |  FRIDAY, 5 MAY 2023
... There, he built a team to oversee £35 billion of sterling, euro and dollar multi-asset portfolios for Coutts UK and other banks. In 2012, Astorri joined Oxford Economics and held the title of head of investor scenario service before moving to Australia's ...

Kilter Rural launches $500m agriculture fund

CHLOE WALKER  |  THURSDAY, 4 MAY 2023
... the Kilter Agriculture Fund has been backed by wholesale investors, high-net-worth investors, family offices, and private banks, he confirmed. It's projecting annual returns of around 10-12% per annum, comprising a combination of capital growth and yield. ...

Adopt QAR recommendations now: Levy

CASSANDRA BALDINI  |  TUESDAY, 2 MAY 2023
... by the apparent weight given to their views." She believes that consumer groups picked such a response due to views that banks, insurers and superannuation funds will have more freedom to provide financial advice. "They think that is a bad thing - indeed ...

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 ...