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Showing 4261 - 4270 of 17956 results for "Bank"

Deutsche Bank slashes global workforce, exits global equities

KARREN VERGARA  |  MONDAY, 8 JUL 2019
Deutsche Bank is pushing past a "difficult period" by overhauling its global operations, resulting in 18,000 employees losing their jobs. The European bank announced overnight it will exit global equities functions of sales and trading, but retain an ...

ASIC boosts AFSL application requirements

HARRISON WORLEY  |  MONDAY, 8 JUL 2019
ASIC has altered the procedure it uses to assess Australian Financial Services Licence applicants, with many now required to provide more historic information to the corporate regulator. ASIC released information sheet 240 to help guide for AFSLs affected ...

Chief economist update: BOE flips tightening bias to easing

BENJAMIN ONG  |  MONDAY, 8 JUL 2019
... remove or even reduce the odds for a Fed rate cut this month. The CME FedWatch Tool puts the probability that the US central bank will cut interest rates by 25 bps to 2%-2.25% at the conclusion of its July FOMC meeting at 95.1%. This is backed-up by ...

PM Capital LICs add director

JAMIE WILLIAMSON  |  FRIDAY, 5 JUL 2019
A former Citigroup managing director was appointed to the board of PM Capital's listed investment companies. Chris Knoblanche has joined the boards of PM Capital's Global Opportunities Fund and Asian Opportunities Fund as a non-executive director, with ...

Chief economist update: The turn in Australia's cycle from vicious to virtuous

BENJAMIN ONG  |  FRIDAY, 5 JUL 2019
... unresolved issue of Brexit and Trump, among others. The domestic economy is none too good either - so much so the Reserve Bank of Australia (RBA) has had to deliver back-to-back reductions in the official cash rate from 1.5% to 1.25% (in June) and to ...

Open banking reforms a boon for fintech

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUL 2019
... generic product data as part of the government's phased timeline for the introduction of open banking. Westpac was the first bank to make a formal announcement, embracing the start of open banking and voluntarily sharing some data via an application ...

Suncorp named Bank of the Year

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUL 2019
Suncorp was named Bank of the Year at last night's Money Consumer Finance Awards. The 15th annual Money magazine Consumer Finance Awards were held in Sydney last night, recognising the best in banking and insurance. The awards aim to help Australians ...

Class expands executive line-up

HARRISON WORLEY  |  THURSDAY, 4 JUL 2019
... 2018, has been appointed chief technology officer, after acting in the role throughout the year. Meanwhile, Commonwealth Bank general manager digital and customer remediation Jason Wilson will link with the firm in July as chief product and marketing ...

HUB24 defends cash accounts

KARREN VERGARA  |  THURSDAY, 4 JUL 2019
... "The HUB24 cash 'transaction' account offers a competitive interest rate when compared to peers and when compared to similar bank products, which do not provide the same level of capability provided by the platform," it said. The firm also slammed the ...

Chief economist update: Currency manipulators beware

BENJAMIN ONG  |  THURSDAY, 4 JUL 2019
"China and Europe playing big currency manipulation game and pumping money into their system in order to compete with USA. We should MATCH, or continue being the dummies who sit back and politely watch as other countries continue to play their games ...