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Showing 431 - 440 of 4759 results for "Banking"

AMP wealth management AUM grows $2bn

ANDREW MCKEAN  |  WEDNESDAY, 19 APR 2023
... the sale of the final AMP Capital business last month has further sharpened our focus on driving the performance of our banking and wealth management businesses." In the platforms segment, net cash inflows totalled $152 million, a decrease from Q1 2022 ...

Apple dives deeper into financial services

CASSANDRA BALDINI  |  TUESDAY, 18 APR 2023
... national average, is the latest move in a string of tech giants moving into financial services and taking on traditional banking corporations. In its announcement, Apple said with no fees, no minimum deposits, and no minimum balance requirements, users ...

RBA reforms require bipartisan support: Chalmers

KARREN VERGARA  |  TUESDAY, 18 APR 2023
... bank into the future," Chalmers said at the time. The review excludes the RBA's payments, financial infrastructure, banking, and banknote functions. Chalmers further flagged that the Statement on the Conduct of Monetary Policy will potentially be ...

Global economic growth hits 20-year low: IMF

ANDREW MCKEAN  |  WEDNESDAY, 12 APR 2023
... tight in a number of economies," the IMF said. "Side effects from the fast rise in policy rates are becoming apparent, as banking sector vulnerabilities have come into focus and fears of contagion have risen across the broader financial sector, including ...

AMP promotes Diana Mousina

ELIZABETH FRY  |  TUESDAY, 11 APR 2023
... being promoted to the role of Oliver's deputy. She began her career at Commonwealth Bank in 2011 as an institutional banking and markets graduate, gaining the title of economist two years later. Commenting on the promotion, Oliver and AMP's chief ...

Lowe reinforces more hikes may come

ANDREW MCKEAN  |  THURSDAY, 6 APR 2023
... Outlook factors The factors influencing the RBA's outlook include the global economic forecast, particularly considering banking stresses in the US and Switzerland. Persistently high global inflation and below average worldwide economic growth are ...

UBS set for Australian wealth management comeback

ANDREW MCKEAN  |  WEDNESDAY, 5 APR 2023
UBS is readying for a return to Australia's wealth management sector, aiming to build on the private banking legacy of Credit Suisse. In 2015, UBS decided to withdraw from the Australian market for wealth management services due to rising regulatory ...

RBA steadies cash rate, flags more hikes

KARREN VERGARA  |  WEDNESDAY, 5 APR 2023
... disappoint to the downside in coming months and further rate rises won't be justified. Further financial contagion from the banking sector issues also can't be ruled out which would also justify keeping interest rates steady." HSBC chief economist for ...

Economists divided: RBA's moment of truth looms

ANDREW MCKEAN  |  TUESDAY, 4 APR 2023
... peaked and is slowing, we have evidence that the anticipated slowdown in economic growth is occurring, and the global banking crisis provides a further rationale to justify a pause in rate hikes," Peter said. The RBA has also been winding back its rhetoric ...

We sit at a watershed moment: Paton

CHLOE WALKER  |  THURSDAY, 30 MAR 2023
... to the SVB story with these thoughts: it is not the story of a new Global Financial Crisis, and it is not a story of a banking sector in crisis." Rather, Paton said, it is the story of a manager that chose growth over fundamentals. "Now on a positive ...