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| | | APRA is looking to further safeguard Australia's banking system following recent global events, warning economic ripple effects can still be felt across the pond. In an address on Tuesday, APRA chair John Lonsdale said no matter how resilient the ... |
| | | | ... of China, Commonwealth Bank, Industrial and Commercial Bank of China, ING Bank, Mizuho Bank, MUFG Bank, Sumitomo Mitsui Banking Corporation, and Westpac. |
| | | | ... good point. The question of whether central banks would divert monetary policy from fighting inflation to protecting the banking sector was raised earlier this week just days before the the Fed steamed a head with a.quarter-point rate hike. Rather than ... |
| | | | ... suggestions that an eleventh consecutive rate rise is not completely off the table. "The RBA certainly can't lean into the banking issues offshore given US and European central banks have hiked this week," Commonwealth Bank head of Australian economics ... |
| | | | Amid banking turmoil, the US Federal Reserve announced a rate hike to combat inflation. Recent economic indicators revealed modest growth in US spending, production, and strong job gains, with low unemployment and persistent inflation concerns. As such ... |
| | | | ... truly inside the legal requirements. And we will need to be thinking about." Press commented further on the recent global banking issues and flagged super funds should remain vigilant ahead of reporting. "How are we disclosing convertible bonds in our ... |
| | | | ... superannuation solutions business (RSS). Morberger brings over 25 years' experience across superannuation, administration, banking and finance, most recently serving as director of asset and wealth management at KPMG Australia. She has also held senior ... |
| | | | ... pillar of the strategy to simplify AMP. "The sale allows AMP to have a clear focus on our go forward businesses of retail banking and wealth management in Australia and New Zealand," George said. "We will continue to build on the hard work of the past ... |
| | | | ... has manifested in considerable outflows of client funds," said FINMA. "This was intensified by the upheavals in the US banking market in March 2023." US Treasury Secretary Janet Yellen and Federal Reserve chair Jerome Powell showed their support for ... |
| | | | ... (SNB) announcement that it would throw a US$54 billion lifeline to Credit Suisse. "That helped ease fears of the global banking crisis and we saw Credit Suisse shares jump 19.2% with European bank stocks up 1.1% on the back of that news," he said. The ... |
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