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Showing 441 - 450 of 5945 results for "banks"

Separation of ANZ P&I business completes

JAMIE WILLIAMSON  |  MONDAY, 24 OCT 2022
... 589 applications were separated from ANZ. "This is a momentous achievement for our organisation and the industry as major banks exit from wealth management to simplify their businesses. We're thrilled to have successfully completed the P&I cutover and ...

Fed seeks feedback on rules to resolve large bank failures

ANDREW MCKEAN  |  MONDAY, 17 OCT 2022
... changes, policymakers must continuously evaluate whether resolution-related standards and prudential standards for large banks keep pace." Separately, Fed vice chair Lael Brainard raised concerns about the increased banking concentration in the $250-$700 ...

Global X drops management fees

CHLOE WALKER  |  WEDNESDAY, 12 OCT 2022
... that while he understands fixed income markets are difficult globally, given the toll inflation and coordinated central banks rate action is taking on markets and the broader economy, he still sees opportunities. The Global X US Treasury Bond ETF (Currency ...

First Sentier hires to new ESG role

RACHEL ALEMBAKIS  |  TUESDAY, 11 OCT 2022
... where she was associate director, financials on the firm's on the institutional desk, advising large institutions on banks, insurers and diversified financials. Prior to this, she was a senior analyst with Ownership Matters, a corporate governance ...

Financial stability risks escalate: RBA

ANDREW MCKEAN  |  MONDAY, 10 OCT 2022
... households and businesses in most jurisdictions have entered the interest rate tightening cycle with strong balance sheets and banks are well capitalised. This is also the case in Australia. However, the combination of higher interest rates and inflation ...

Regulators to face committee scrutiny

JAMIE WILLIAMSON  |  MONDAY, 10 OCT 2022
... and households, skills shortages, concern about competition, uneven performance across superannuation funds, failing neo banks, the rise of social media finfluencers, and corporate greenwashing activities. In the wake of the Optus breach, he added that ...

Data sharing laws updated in response to Optus breach

JAMIE WILLIAMSON  |  FRIDAY, 7 OCT 2022
... detect and assist in preventing fraud. The proposed changes cover all APRA-regulated entities, excluding branches of foreign banks, and are designed to ensure that only limited information is made available for certain reasons, only to be used in responding ...

RBA lifts rates, lifts markets

ANDREW MCKEAN  |  WEDNESDAY, 5 OCT 2022
... months to see a material reduction, however Australia will be cautious not to be too aggressive like the US and other central banks to lead the economy to some form of recession, despite the labour market still being quite tight." University of Sydney ...

Equipsuper restructures investment team

ANDREW MCKEAN  |  TUESDAY, 4 OCT 2022
... market outlook and to foster future growth, the fund said. Detailing Equip's market outlook, Howard said: "With central banks around the world determined to bring inflation under control, even at the expense of economic prosperity, we believe it's ...

Tech providers support QAR SOA proposals

CASSANDRA BALDINI  |  THURSDAY, 29 SEP 2022
... making digital advice creation easier will be of value," it said. Davison added that technology may be a key enabler for banks, superannuation funds, and other financial product providers to deliver a scalable personal advice service. "The industry has ...