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

Search Results

Showing 4191 - 4200 of 17956 results for "Bank"

Chief economist update: Race to the bottom redux

BENJAMIN ONG  |  THURSDAY, 8 AUG 2019
It's a hat trick! Three central bank meetings, all three cut interest rates, all three policy decisions a surprise. The Reserve Bank of New Zealand (RBNZ) cut the official cash rate by 50 bps to a new record low of 1% at its August meeting. This ...

AMP announces new strategy, capital raise

JAMIE WILLIAMSON  |  THURSDAY, 8 AUG 2019
... initiatives will see an annual cost-saving of $300 million by FY22, AMP said. The plan would also see AMP further integrate AMP Bank and wealth management as well as grow contemporary solutions in the wealth division. "We are reinventing our Australian ...

AustralianSuper eyes $1.48bn in Indian infrastructure

KANIKA SOOD  |  WEDNESDAY, 7 AUG 2019
... master fund whose other investors are the Indian government, Abu Dhabi Investment Authority (ADIA), Temasek, HDFC Group, ICICI Bank, Kotak Mahindra Life Insurance and Axis Bank. The master fund invests in core infrastructure equity with focus on India's ...

CBA remediation bill drags performance

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2019
... ourselves." Promontory, the independent reviewer overseeing CBA's remediation action plan, released a report today stating the bank is on track and has made good progress in reaching its milestones. Almost half of the 153 action points have been achieved ...

Fossil fuel holdings cost BlackRock investors $90bn

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2019
... little control over its US$4.3 trillion passively managed portfolio, IEEFA pointed out that its peers like Amundi and Norges Bank have developed low-carbon investing strategies that provide comparable risk-adjusted returns in a cost-effective sustainable ...

JANA hires quantitative applications lead

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2019
... sat on the investment committee. He previously held roles at Challenger, County Investments (Invesco), National Australia Bank and Prudential. Creating this role reflects JANA's desire to evolve its own tools and techniques in quantitative analytics ...

Chief economist update: RBA heading to zero

BENJAMIN ONG  |  WEDNESDAY, 7 AUG 2019
... global equity markets around the globe down, lopping A$53 billion off the Australian equity market on the same day the Reserve Bank of Australia (RBA) held its August board meeting. As expected, the RBA kept interest rates on hold at 1% following its ...

Financial Wisdom to shut down

JAMIE WILLIAMSON  |  WEDNESDAY, 7 AUG 2019
Commonwealth Bank has confirmed it will close Financial Wisdom. It will also allow Pathways advisers to commence transitioning elsewhere. Releasing its full year results today, the bank has confirmed it will commence the assisted closure of Financial ...

Fintech off to slow start in 2019: KPMG

KRISTI CHENG  |  TUESDAY, 6 AUG 2019
Following record investments in 2018, Australia's fintech sector saw a subdued investment trend in the first half of this year. The number of fintech deals and total global investment in fintech dropped in 1H19, a result due primarily to the lack of ...

Spaceship co-founder to exit

KANIKA SOOD  |  TUESDAY, 6 AUG 2019
The startup superannuation fund has appointed a new chief executive, bidding farewell to its co-founder Paul Bennetts who will exit management. Spaceship chair Andrew Moore was announced as the new chief executive for the company to staff this morning. ...