Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 391 - 400 of 5968 results for "banks"

ASIC updates breach reporting guidelines

KARREN VERGARA  |  FRIDAY, 28 APR 2023
... reporting by AFS licensees and credit licensees, following consultation from the likes of super funds, financial advisers, banks and insurance firms that expressed operational issues with the regime since its introduction on 1 October 2021. The updates ...

Investors flock to term deposits over equities

ANDREW MCKEAN  |  THURSDAY, 27 APR 2023
... billion to $37.5 billion, a decrease of 8%. In contrast, APRA data shows a significant increase in term deposit holdings in banks between December 2021 and September 2022, with the amount rising by $170 billion, from $781 billion to $951 billion - a ...

US platform bids for Yieldbroker

JAMIE WILLIAMSON  |  THURSDAY, 27 APR 2023
... million of this after costs. In addition to the ASX, Yieldbroker is owned by an assortment of domestic and international banks, as well as former and current employees. Yieldbroker is a trading platform for Australian government bonds and interest rate ...

$100bn withdrawal triggers First Republic stock plunge

ANDREW MCKEAN  |  WEDNESDAY, 26 APR 2023
... workforce by around 20-25% in Q2 2023. First Republic chief financial officer Neal Holland said with the closure of several banks in March, the bank experienced unprecedented deposit outflows. "We moved swiftly and leveraged our high-quality loan and ...

RBA appointments prompt debate

CASSANDRA BALDINI  |  FRIDAY, 21 APR 2023
... strengthen accountability. "It better aligns the RBA's monetary decision-making process with some other key central banks around the world," he said. However, Philip added, these sorts of changes will be of little relevance to Australian households ...

SMSF Association names head of membership

CHLOE WALKER  |  TUESDAY, 18 APR 2023
Neil Sparks will become the new head of membership and corporate development for the SMSF Association, effective May 1. Sparks currently serves as head of policy and technical services at BT, a tenure he has held for over 15 years. As a fellow of the ...

Global X launches new Australian equity ETF

CHLOE WALKER  |  THURSDAY, 13 APR 2023
... as a sector diversification tool, allowing investors to complement existing blue-chip portfolio holdings in the big four banks, major mining and energy companies, while avoiding a concentration in these sectors. "This fund offers an effective solution ...

SVB, Signature Bank securities up for sale

KARREN VERGARA  |  WEDNESDAY, 12 APR 2023
... Corporation recently announced that it retained BlackRock Financial Market Advisory to sell the securities of the two collapsed banks. Signature Bank has about US$27 billion while SVB has US$87 billion in securities comprising agency mortgage-backed ...

Global economic growth hits 20-year low: IMF

ANDREW MCKEAN  |  WEDNESDAY, 12 APR 2023
... receded amid stubbornly high inflation and recent financial sector turmoil. "Although inflation has declined as central banks have raised interest rates and food and energy prices have come down, underlying price pressures are proving sticky, with labour ...

Pension fund ousts chief over US bank losses

JAMIE WILLIAMSON  |  WEDNESDAY, 12 APR 2023
... in the interim. In March, Alecta admitted it had incurred significant losses as a result of its investments in the three banks. The losses were in the realm of $2.8 billion. The fund said it has been working since to isolate the losses and understand ...