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Showing 21 - 30 of 5719 results for banks

Listed companies drive economy's momentum: ABDO

KARREN VERGARA  |  THURSDAY, 21 MAR 2024
... months. The information technology sector turned in a solid return of 11% per annum, while discretionary companies, the banks and even REITs did well, he said. The mining sector, however, is the laggard. While it may have fallen out of favour with some ...

Economists react to latest RBA rate decision

ANDREW MCKEAN  |  WEDNESDAY, 20 MAR 2024
... aged care workers last week. "But as was the case in the February meeting the RBA remains cautious, like some other central banks," Oliver said. "In this regard it notes that inflation remains high, services inflation remains a concern with continuing ...

Interest rate cut may not come until 2025, experts warn

ELIZA BAVIN  |  TUESDAY, 19 MAR 2024
... the RBA has decided it is willing to tolerate inflation being above its target for longer than its 'peer' central banks are willing to allow inflation being above their respective targets, in order to preserve as much as they can of the gains ...

Majority comply with IDR reporting: ASIC

KARREN VERGARA  |  MONDAY, 18 MAR 2024
... round of submissions affected smaller firms. The first round, which took effect in early 2023, saw 97 firms that included banks and superannuation funds report IDR data to ASIC. The second group of about 340 financial firms commenced their IDR reporting ...

PGIM launches new platform in Australia

ELIZA BAVIN  |  MONDAY, 18 MAR 2024
... forecast to rise by 6% to $85 billion in 2024-25. The market for financing farming operations is dominated by Australian banks that typically provide short-term, floating rate loans, but PGIM said it sees an opportunity to provide an alternative with ...

UK manager recruits Australia head

ELIZABETH FRY  |  FRIDAY, 15 MAR 2024
... this Sydney-based role, Thurgood was responsible for identifying and developing relationships with pension funds, private banks, institutional investors and other investors. Before that, the sales executive was the managing director of Nomura Asset Management ...

Half of super funds to close in coming decade: Mercer

JAMIE WILLIAMSON  |  FRIDAY, 15 MAR 2024
... Australian banking system. The banking sector has a few large participants and a handful of smaller, competitively differentiated banks and other financial institutions, such as building societies and credit unions, that have maintained long-term market ...

Government promises transparent financial services regulation

KARREN VERGARA  |  WEDNESDAY, 13 MAR 2024
... and dynamic. "The introduction of a regulatory grid means better coordination and mapping of regulation, which will help banks and credit unions manage this burden and maintain critical investments in customer-focused initiatives," he said. COBA and ...

Global dividends reached record high in 2023

ELIZA BAVIN  |  WEDNESDAY, 13 MAR 2024
... dividends in Europe are well covered," he said. "From a sector perspective, even though the rapid growth we have seen from banks around the world is going to slow this year, the rapid declines from the mining sector are also likely to make less of an ...

ASIC cracks down on scammers

CHLOE WALKER  |  MONDAY, 4 MAR 2024
... in unsuspecting consumers." Longo has stated that ASIC has already conducted an examination of the methods used by major banks to detect, prevent, and respond to scams. The regulatory body will now shift its focus towards a wider range of banks and superannuation ...