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Showing 421 - 430 of 4759 results for "Banking"

UBS outlines new operating model, leadership

CASSANDRA BALDINI  |  WEDNESDAY, 10 MAY 2023
... successor is named. Ermotti commented that the change represents a pivotal moment for UBS, Credit Suisse, and the entire banking industry. "Together we will solidify and represent the Swiss model for finance around the world, one that is capital-light ...

Budget delivers surplus, with a catch

ANDREW MCKEAN  |  TUESDAY, 9 MAY 2023
... 2023 due to high inflation, sharply rising interest rates, and tightening financial conditions associated with recent banking sector strains. "The Australian economy is not immune from these global economic challenges, but it is well placed to navigate ...

AFCA appoints lead ombudsman, investments and advice

CHLOE WALKER  |  TUESDAY, 9 MAY 2023
... stepped in as acting lead ombudsman in January last year when his predecessor Natalie Cameron was named lead ombudsman for banking and finance. Previously, Singh has worked both as an in-house legal counsel and for regulators including WorkSafe Victoria ...

Mercer scoops up third BT business unit

KARREN VERGARA  |  MONDAY, 8 MAY 2023
... 70 cents per share." "We've grown in a disciplined way in mortgages, performed well in business and institutional banking and stayed the course on risk management and simplification. We've further strengthened our balance sheet with a CET1 ratio ...

JPMorgan acquires First Republic Bank

CASSANDRA BALDINI  |  TUESDAY, 2 MAY 2023
... Corporation (FDIC), closed the doors to First Republic on Monday, in hopes of ending the bitter turmoil within the US banking market. First Republic, which in April had approximately US$229.1 billion in assets and US$103.9 billion in deposits, released ...

Wendy Norris quits Future Fund

ELIZABETH FRY  |  MONDAY, 1 MAY 2023
... processing sectors. "Wendy has a proven record and extensive background ranging from water resources in her early career to banking, investments and investment management," he said. "Her experience in forestland and infrastructure investments places ...

Venture capital rout rattles advice technology sector

KARREN VERGARA  |  MONDAY, 1 MAY 2023
... the network," an AMP spokesperson said. Creativemass was founded in 2017 by Michael Rouse. In mid-2020, US investment banking services provider Republic Capital Group injected an undisclosed amount into Creativemass. In the lead up to its demise, Craig ...

Global investors look to strike gold: Study

CHLOE WALKER  |  FRIDAY, 28 APR 2023
... (76%) said the key reason for increased allocations to gold and gold miners is growing concern about an international banking crisis. In fact, 60% saw gold's role as a hedge against inflation among their top four reasons for increasing allocations. ...

Citi names local chief executive

CHLOE WALKER  |  THURSDAY, 27 APR 2023
... Monger. "It is a privilege to step into this role and lead the franchise," Woodruff said. "Citi is a leader in Institutional Banking across Australia and New Zealand, and I am excited to execute our aggressive growth agenda and bring the benefits of ...

$100bn withdrawal triggers First Republic stock plunge

ANDREW MCKEAN  |  WEDNESDAY, 26 APR 2023
... liquidity," Holland said. "We're working to restructure our balance sheet and reduce our expenses and short-term borrowings." Banking sector turmoil began with the collapse of Silicon Valley Bank, the largest US bank failure since Washington Mutual in ...