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Showing 4091 - 4100 of 17956 results for "Bank"

New NAB chief start date announced

KRISTI CHENG  |  TUESDAY, 24 SEP 2019
... group's new chief executive before the year's end. Ross McEwan will step down from his role as chief executive of the Royal Bank of Scotland on October 31 and commence as chief of NAB onDecember 2 this year. This follows the announcement of his appointment ...

Super expert re-joins Mercer

HARRISON WORLEY  |  TUESDAY, 24 SEP 2019
A former Mercer executive has returned to the firm after a brief stint leading superannuation consulting at Rice Warner. Tim Jenkins has been appointed partner in Mercer's institutional wealth division, just over six years after he left behind a ...

Chief economist update: Time for a Keynes comeback

BENJAMIN ONG  |  TUESDAY, 24 SEP 2019
... Irene could only surmise that the OECD's downgrade to its global growth projections already accounted for earlier central bank policy easing and expectations for more. This, in essence, is an admission of central banks' near-impotence at reversing ...

Purdue bankruptcy vindicates ESG screens

ELIZABETH MCARTHUR  |  MONDAY, 23 SEP 2019
Purdue Pharma has filed for bankruptcy after facing a slew of lawsuits for the mismarketing of its product OxyContin. The company's marketing and mislabelling of OxyContin has seen it accused of causing the opioid addiction crisis in the US. Purdue ...

APRA considers appeal in IOOF case

ELIZA BAVIN  |  MONDAY, 23 SEP 2019
... for financial regulators following the Royal Commission, after ASIC lost its case against Westpac last month, alleging the bank breached responsible lending laws.

Chief economist update: The BOJ needs to run faster to stay in the running

BENJAMIN ONG  |  MONDAY, 23 SEP 2019
... Lewis Carroll's 'Through the Looking-Glass' The "Red Queen" in the novel should have been giving this advice to Bank of Japan (BOJ) governor Haruhiko Kuroda san, instead of Alice. But nah. The BOJ kept monetary policy settings as they were ...

Thousands strike from work for climate

ELIZABETH MCARTHUR  |  FRIDAY, 20 SEP 2019
... Atlassian has been a vocal founder in the movement. A number of financial services companies are now on board including IRESS, Bank Australia, Verve Super, Sargon, Sustainable Australia Fund, BetaShares Capital and Fox & Hare. Chief executive and founder ...

Chief economist update: This is a job for the RBA (and the Treasury)

BENJAMIN ONG  |  FRIDAY, 20 SEP 2019
... Reserve's announced a 25 bp cut in the fed funds rate underscores financial markets' conviction that the Reserve Bank of Australia (RBA) will cut interest rates again when it meets on the first Tuesday of October - taking the official cash rate ...

Banks face imminent disruption

ELIZABETH MCARTHUR  |  THURSDAY, 19 SEP 2019
... She presented two key examples of fintechs disrupting the ways banks to business - Marcus and Square. Marcus is an online bank created by Goldman Sachs. It offers an over 3% interest rate on online savings account. Wood said that some of these fintechs ...

Chief economist update: Future path of fed funds rate

BENJAMIN ONG  |  THURSDAY, 19 SEP 2019
... FOMC meeting and keep them there through to the end of 2020. That's one more rate cut this year. Two more if you ask Bank of America Merrill Lynch which expects 25 bps cuts at the October and December FOMC meeting. At the end of the day and to quote ...