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Showing 401 - 410 of 4332 results for "Bank of"

Life, funeral insurers cop $14m fine

KARREN VERGARA  |  WEDNESDAY, 5 JUL 2023
... sold the products issued by St Andrew's Life Insurance under the brand names Let's Insure and FlexiSure. Parent company Bank of Queensland sold St Andrew's to Farmcove Investment Holdings for $23 million in 2021. Together with Insurance Marketing Services ...

RBA pause short but sweet: Mousina

CASSANDRA BALDINI  |  WEDNESDAY, 5 JUL 2023
The Reserve Bank of Australia's (RBA) decision to hold the cash rate at 4.1% is a relief, but likely only a temporary one. AMP Australia deputy chief economist Diana Mousina told Financial Standard the RBA decided to hold and observe the impacts ...

Wage increases shouldn't equal rate hikes

CASSANDRA BALDINI  |  TUESDAY, 4 JUL 2023
... Former Labor MP Stephen Conroy has vetoed the idea that wage increases should drive further hikes and said the Reserve Bank of Australia (RBA) is looking to put the nail in the coffin of the Australian economy. In an interview with Sky News ahead of ...

Inflation drops to 5.6%

CASSANDRA BALDINI  |  THURSDAY, 29 JUN 2023
The Consumer Price Index (CPI) has fallen to 5.6%, fueling hopes the Reserve Bank of Australia (RBA) will pause interest rate hikes next week. The latest CPI numbers, released yesterday by the Australian Bureau of Statistics (ABS), came as a pleasant ...

ASX provides clarity on CHESS replacement

CHLOE WALKER  |  THURSDAY, 29 JUN 2023
... ASX said. "For completeness, we would like to also advise the Committee that ASX continues to keep ASIC and the Reserve Bank of Australia updated on the progress throughout the solution option assessment process and any associated decision-making." On ...

MSCI ponders reclassifying Nigeria, Egypt

JAMIE WILLIAMSON  |  MONDAY, 26 JUN 2023
... Tobago, Bosnia and Herzegovina, Botswana, Bulgaria, Lebanon, Malta, Palestine, Ukraine, and Zimbabwe. On June 14 the Central Bank of Nigeria announced operational changes to the FX Market effective immediately. MSCI said it will wait to see the impact ...

Next RBA boss to be picked in July: Chalmers

CASSANDRA BALDINI  |  THURSDAY, 22 JUN 2023
Reserve Bank of Australia (RBA) governor Philip Lowe will learn his fate next month following a government consultation on his possible reappointment. Lowe's current term is set to end in September and the government intends to consider the appointment ...

Bank of England launches first system- wide stress test

CASSANDRA BALDINI  |  TUESDAY, 20 JUN 2023
The Bank of England (BoE) overnight launched its first system-wide stress test to understand the behaviours of banks and non-bank financial institutions (NBFIs) in volatile financial markets. Recent chaos across UK markets has led to the system-wide ...

Cash rate hits 4.1%

KARREN VERGARA  |  TUESDAY, 6 JUN 2023
The Reserve Bank of Australia (RBA) has hiked rates by another 25 basis points to bring the official cash rate to 4.1%. Many experts fear that Australia is teetering on the edge of a recession and that the latest decision by the nation's central bank ...

Economists divided over cash rate decision

ANDREW MCKEAN  |  MONDAY, 5 JUN 2023
... researchers said. Janus Henderson fixed interest strategic Emma Lawson said "mixed messages" were a headache for the Reserve Bank of Australia (RBA). "As we approach the end of the RBA's extraordinary tightening cycle, the immediate path is often murky. ...