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Showing 4031 - 4040 of 10553 results for "BEI"

Royal Commission hits Westpac cash earnings

JAMIE WILLIAMSON  |  MONDAY, 5 NOV 2018
Westpac reported a flat net profit of $8 billion with increased remediation provisions and legal costs weighing on the group's cash earnings. The group recorded a 1% increase in net profit year-on-year to $8.095 billion for the 12 months to September ...

Frydenberg boosts APRA funding

HARRISON WORLEY  |  MONDAY, 5 NOV 2018
The Federal Government has moved to strengthen supervision of the financial services industry, boosting APRA's funding and reappointing chair Wayne Byres for five years. The prudential regulator will welcome an extra $58.7 million in funding over ...

Chief economist update: Americans who want work will find it

BENJAMIN ONG  |  MONDAY, 5 NOV 2018
Financial markets expect the US Federal Reserve's FOMC meeting this week (7-8 November) to be a ho-hum event. In fact, the CME FedWatch Tool puts the probability of the Fed keeping the fed funds rate at 2-2.25% at 92.8% - almost a sure "no change" ...

Chief economist update: BOE waiting on Brexit

BENJAMIN ONG  |  FRIDAY, 2 NOV 2018
When the Bank of England's (BOE) Monetary Policy Council (MPC) unanimously voted to raise the Bank Rate by 25 bps to 0.75% on the 2nd of August, BOE governor Mark Carney was quoted as saying, "The mistake is to always wait, wait, wait until you ...

Industry fund appoints former Labor politician

KANIKA SOOD  |  WEDNESDAY, 31 OCT 2018
A $46 billion industry fund has appointed a former federal health minister as an independent chair, starting at the end of the year. Nicola Roxon will take over as HESTA's chair when current chair Angela Emslie steps down at the end of her term ...

FSC appoints UBS, Mercer heads

KANIKA SOOD  |  WEDNESDAY, 31 OCT 2018
The Financial Services Council has appointed Mercer and UBS Asset Management's Australian heads to its board to fill two director vacancies. Mercer Australia managing director Ben Walsh and UBS Asset Management Australia chief executive Bryce Doherty ...

Chief economist update: Eurozone growth slowing fast

BENJAMIN ONG  |  WEDNESDAY, 31 OCT 2018
Uh-oh! Borrowing a quote from Robert Burns: "The best-laid plans of mice and men often go awry." It appears to be heading that way looking at the third quarter economic scorecard in the Eurozone. Advance estimates show that the single currency region's ...

Real return funds underperforming

KANIKA SOOD  |  TUESDAY, 30 OCT 2018
In the last three years, real return funds have delivered two percentage points less than some traditional multi-asset funds as real return managers winded down their equities exposures. Latest Zenith research found real return funds cut their Aussie ...

Fintechs in the money, gain confidence

KARREN VERGARA  |  TUESDAY, 30 OCT 2018
The fintech sector is bullish it can grab market share from big banks and incumbents with the advent of open banking and as the fallout from the Royal Commission plays out, EY's latest fintech census shows. With one-in-five fintechs now turning a profit ...

What the RC can teach us about trust: Deloitte

DARREN SNYDER  |  MONDAY, 29 OCT 2018
One of the big four accounting and professional services firms is seizing the financial services Royal Commission as an opportunity to better understand how trust works in Australian banks. Launching its first trust index for Australia's banking ...