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Showing 3921 - 3930 of 17956 results for "Bank"

Chief economist update: A penny saved, a penny not earned by the economy

BENJAMIN ONG  |  FRIDAY, 6 DEC 2019
... that JMK (John Maynard Keynes), himself, cited when he gave us the 'Paradox of Thrift'. This was what the Reserve Bank of Australia (RBA) was alluding to its policy statements for many months now: "The main domestic uncertainty continues to be ...

Global firm appoints Australia chief

ALLY SELBY  |  THURSDAY, 5 DEC 2019
A global financial services firm has appointed a former UBS executive to lead its Australian arm, tasked with fueling new growth across the business. Andrew Dalgleish is the new chief executive of BTIG Australia. He has spent the last 20 years leading ...

Chief economist update: Australian economy gently turning which way?

BENJAMIN ONG  |  THURSDAY, 5 DEC 2019
... economic growth accelerated to 1.7% in the year to the September quarter from 1.6% in the June quarter, justifying Reserve Bank of Australia (RBA) governor Philip Lowe's oft-repeated claim that, "the Australian economy appears to have reached a gentle ...

CBA chief tasked with rebuilding banking

ALLY SELBY  |  WEDNESDAY, 4 DEC 2019
Commonwealth Bank chief Matt Comyn has taken over the reins as chair of the Australian Banking Association (ABA). The position is rotated between the chief executives of Australia's major banks, with ANZ chief executive Shayne Elliot stepping down from ...

Stanford Brown acquires Sydney advice firm

KANIKA SOOD  |  WEDNESDAY, 4 DEC 2019
... executive Jonathan Hoyle saying there's more to come. World Square Financial Services was founded by former NAB Private Bank financial adviser Robert Wiggins, and specialises in advising high net worth clients and families. The firm has been an authorised ...

Regulators circle as scandal engulfs Westpac

ALLY SELBY  |  WEDNESDAY, 4 DEC 2019
APRA has put Westpac on notice; warning the disgraced bank could face fines and disqualification of senior directors and executives as it considers whether to launch legal action. APRA chair Wayne Byres told a parliamentary hearing on Monday that the ...

Concerns over rise of the mega-fund

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2019
Mega-funds are on the rise and as further super fund mergers are expected to continue into 2020, the question of capacity needs to be addressed, according to SG Hiscock managing director Stephen Hiscock. "In terms of the mega-funds, we have seen a lot ...

Chief economist update: The Grinch steals Christmas

BENJAMIN ONG  |  WEDNESDAY, 4 DEC 2019
The Reserve Bank of Australia (RBA) disappointed no one when it kept the official cash rate unchanged at a record low 0.75% after the conclusion of its December 3 meeting. This is perfectly rational: Monetary policy operates with a lag - it takes about ...

Cbus hikes fees

ELIZA BAVIN  |  TUESDAY, 3 DEC 2019
Cbus has announced it will align its super and retirement fees with account keeping fees. The weekly fee for members will increase to $2 from $1.50 from February 2020. Cbus chief executive David Atkin said the move was the first account keeping fee ...

Deutsche Bank offloads $76b in assets

ELIZA BAVIN  |  TUESDAY, 3 DEC 2019
Deutsche Bank has offloaded $76 billion in assets to Goldman Sachs as part of the lender's restructuring plan. Germany's biggest bank has been undergoing a major restructuring as it struggles to compete in tough market conditions. The assets were tied ...