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Showing 391 - 400 of 6142 results for "Money"

RBA seeks input on CBDC research project

MATTHEW WAI  |  FRIDAY, 8 NOV 2024
... bank digital currency (CBDC) research initiative, Project Acacia. The project will explore how different forms of digital money and associated infrastructure could support the development of wholesale tokenised asset markets in Australia, the RBA said. ...

Magellan warns of staggering sovereign debt

KARREN VERGARA  |  WEDNESDAY, 6 NOV 2024
... national debt: austerity via cutting spending and raising taxes; defaulting; or financial repression via the printing of money "to inflate the problem away". The first option is politically unpalatable and appears unlikely, Di Marco and Pullen say. "The ...

Australian Retirement Trust works to resolve ongoing outages

JAMIE WILLIAMSON  |  MONDAY, 4 NOV 2024
... Standard, ART said: "We sincerely apologise to members impacted by the technology outage last week... Getting our members money into their accounts has been our top priority. All income payments have been processed as of Wednesday, October 30 and we ...

JP Morgan subsidiaries fined $230m by regulator

JAMIE WILLIAMSON  |  FRIDAY, 1 NOV 2024
... was found to have caused $6.5 million (US$4.3m) in prohibited joint transactions which advantaged an affiliated foreign money market fund of which it was the portfolio manager over three US money market funds it advised. For this it received a $7.6 million ...

Non-bank lender sued for dodging Credit Code

JAMIE WILLIAMSON  |  THURSDAY, 31 OCT 2024
... close to 50 loans over a four-year period to companies that it had no reason to believe were the genuine borrower of the money. Instead, ASIC alleges, the loans were really intended for individuals but Oak Capital was eager to avoid the application of ...

Cole puts funds on notice as expenditure data is revealed

ELIZA BAVIN  |  WEDNESDAY, 30 OCT 2024
... costs and payments to industrial bodies to spending on member services, as the regulator puts a spotlight on how member money is being spent. AustralianSuper had the biggest marketing spend, coming in at $60 million. However, this is an expense ratio ...

APRA questioned on super performance test

ELIZA BAVIN  |  FRIDAY, 25 OCT 2024
... is subject to a range of considerations," Cole said. "Very large funds probably have a real issue in where they place the money consistent with their obligations because their input is also enormous, and that is why we see them moving beyond Australia ...

Advisers share winning intergenerational wealth strategies

ANDREW MCKEAN  |  THURSDAY, 24 OCT 2024
... But what we're seeing is a lot of clients that aren't advised or haven't previously been advised when they receive this money," McGrath said. "A lot of it [intergenerational wealth] is being received by people who haven't received advice before." For ...

Making a splash: The economic impact of AUKUS

KARREN VERGARA  |  WEDNESDAY, 23 OCT 2024
... at the University of Queensland, told a recent Financial Standard podcast that Australia appears to be spending a lot of money without a clear strategic rationale or discussion from the government. "Will these submarines operate essentially under US ...

Jupiter AM awards distribution mandate

KARREN VERGARA  |  TUESDAY, 22 OCT 2024
... hired Melbourne-based Institutional Distribution Partners (IDP) to help it grow internationally and bid for local insto money. Singapore-based Richard Hooper, who is the head of Middle East, Africa, and Australia at Jupiter, said this partnership with ...