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Showing 411 - 420 of 5968 results for "banks"

Lending to small businesses increases: Survey

KARREN VERGARA  |  MONDAY, 20 MAR 2023
Despite soaring interest rates, the number of small business owners borrowing from banks has sharply risen in 2022, a new survey reveals. More than a third (36%) of Australian small businesses canvassed by CPA Australia are increasingly relying on external ...

UBS throws $4.8bn lifeline to Credit Suisse

CASSANDRA BALDINI  |  MONDAY, 20 MAR 2023
... marks, purchase price adjustments and restructuring costs, and additional 50% downside protection on non-core assets. Both banks have unrestricted access to the SNB's existing facilities, through which they can obtain liquidity from the central bank ...

ASX shifts slightly on Credit Suisse, First Republic

CASSANDRA BALDINI  |  FRIDAY, 17 MAR 2023
... communities. First Republic founder and executive chair Jim Herbert and its chief executive and present Mike Roffler thanked the banks for their collective support and for strengthening its liquidity position. "The deposit from those major banks along ...

Aware Super restructures investment team

ELIZABETH FRY  |  FRIDAY, 17 MAR 2023
Aware Super restructured its investment team in support of its growth strategy, naming three new asset class leads in the process. The super fund joins the likes of AustralianSuper and Australian Retirement Trust in reshaping its investment team as ...

Fink warns of "slow rolling crisis"

JAMIE WILLIAMSON  |  THURSDAY, 16 MAR 2023
... exposed cracks in the financial system," he wrote. The collapse of Silicon Valley Bank over the weekend and two other smaller banks since might have been just that, he suggested. "It's too early to know how widespread the damage is. The regulatory ...

Credit Suisse, oil prices see ASX fall: CommSec

CASSANDRA BALDINI  |  THURSDAY, 16 MAR 2023
... Felsman explained this is a separate issue from the United States and Silicon Valley Bank fallout which caused US regional banks to slump. "First Republic Bank, which seems to be at the forefront of investors' minds in the US at the moment, its share ...

Merricks Capital funds $465m Sydney development

CASSANDRA BALDINI  |  THURSDAY, 16 MAR 2023
... with local and international investment partners. "The acquisition shows that there is a strong market outside of the major banks to fund high-quality assets at sensible valuations," he said. Milligan Group founder James Milligan explained the development ...

No systemic risk with SVB, but issues remain: Experts

CASSANDRA BALDINI  |  WEDNESDAY, 15 MAR 2023
... bonds that were trading down amid rising yields, over the last year. Since the crash, there has been a slump in regional banks, which has experts debating if the industry is up against systemic risk. Head of Amundi Institute Monica Defend and Amundi ...

HSBC bails out Silicon Valley Bank UK

CASSANDRA BALDINI  |  TUESDAY, 14 MAR 2023
... White House press conference. "No losses will be borne by the taxpayers. Instead, the money will come from the fees that banks pay into the Deposit Insurance Fund," Biden said. "Because of the actions that our regulators have already taken, every American ...

Residential mortgages will defy headwinds: Study

KARREN VERGARA  |  TUESDAY, 14 MAR 2023
... whitepaper Australian private debt market rev iew reads. The first mitigant is that arrears that are 90-plus days overdue for non-banks tracked at 37 basis points as at November 2022 - the lowest level in 15 years. Secondly, Foresight found that non-banks ...