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Showing 3941 - 3950 of 17956 results for "Bank"

Chief economist update: Weaker yen strengthening Japan

BENJAMIN ONG  |  THURSDAY, 28 NOV 2019
Apart from underwriting improved growth in the Japanese economy, the yen's depreciation should help in the Bank of Japan's (BOJ) efforts to bring inflation up to its 2% target. Look ma, no hands! "Merkurisumasu, soshite, akemashite omedet?!" ...

Chief economist update: As low as Lowe will go

BENJAMIN ONG  |  WEDNESDAY, 27 NOV 2019
... cash rate of 0.25 per cent, but not before that," Lowe said. "Because a cash rate of 25 basis points, the rate the Reserve Bank is paying on bank reserves is effectively zero - would be zero on those bank reserves." Will we see the official cash rate ...

ACSI, AFIC respond to Westpac scandal

ELIZABETH MCARTHUR  |  TUESDAY, 26 NOV 2019
... down as chief executive of Westpac. "The actions taken today reflect the seriousness of the incidents and the failure of the bank to meet community expectations. ACSI will continue to engage with Westpac on a range of issues to determine whether further ...

ASIC launches investigation into Westpac

ELIZABETH MCARTHUR  |  TUESDAY, 26 NOV 2019
More woe for Westpac as ASIC confirms it has commenced an investigation into the bank following AUSTRAC's actions in relation to money laundering. An ASIC spokesperson told Financial Standard : "ASIC can confirm that it commenced an investigation ...

Chief economist update: Let's talk about debt

BENJAMIN ONG  |  TUESDAY, 26 NOV 2019
... rolls on, we could find the OECD upgrading Australia's growth forecast in line with the RBA or the Australian central bank coming down to the OECD's estimates, or both could be wide off the mark. But one thing both institutions agree on is the ...

Brian Hartzer steps down from Westpac

ELIZABETH MCARTHUR  |  TUESDAY, 26 NOV 2019
... December 2. Hartzer said: "As chief executive I accept that I am ultimately accountable for everything that happens at the bank. And it is clear that we have fallen well short of what the community expects of us, and we expect of ourselves." Hartzer ...

Westpac halts short-term bonuses, culls Litepay

HARRISON WORLEY  |  MONDAY, 25 NOV 2019
The under-fire big bank will halt short term incentives for its executive team as it deals with the fallout from its alleged breaches of anti-money laundering and counter terrorism financing laws. Announcing the bank's three-point response plan ...

Chief economist update: US consumer power

BENJAMIN ONG  |  MONDAY, 25 NOV 2019
... Fed's on pause. I scrolled through the CME Group's FedWatch Tool and found that the probabilities of the US central bank maintaining the fed funds rate at the 1.50%-1.75% are all higher than a rate cut starting from its December 2019 FOMC meeting ...

Dealer group lead to depart

JAMIE WILLIAMSON  |  FRIDAY, 22 NOV 2019
... a number of key positive changes in the business." Beaven has led EFP since January 2016, having joined from ANZ Private Bank where he was manager of advice solutions. Over the almost 13 years he has been in Australia, Beaven has also held roles with ...

Life risk insurance not profitable: KPMG

HARRISON WORLEY  |  FRIDAY, 22 NOV 2019
Profitability in life risk insurance has dropped to the extent that the sector is now loss-making in aggregate, according to KPMG. The global consultant's analysis of the financial results of Australia's life insurers shows the sector made an ...