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Showing 4711 - 4720 of 14213 results for "Interest"

Chief economist update: RBA May cut, May not

BENJAMIN ONG  |  FRIDAY, 3 MAY 2019
... chief executive Mick McCormack. At least, National Australia Bank chief executive Philip Chronican was more forthcoming: "Interest rate cuts would further squeeze bank margins, profits and lending capacity without doing much to boost the economy", as ...

Beware disruptors: Antipodes

ELIZABETH MCARTHUR  |  FRIDAY, 3 MAY 2019
Antipodes client portfolio manager Alison Savas says investors need to be wary of technology companies and start-ups that are billed as disrupters. Speaking at an event in Sydney, Savas explained these disrupters, or 'software as a service' technology ...

AMP leaks $1.8bn, names new CFO

HARRISON WORLEY  |  THURSDAY, 2 MAY 2019
AMP's wealth management arm saw net outflows of $1.8 billion last quarter. Announced as part of its annual general meeting today, the embattled wealth manager revealed outflows from its Australian wealth business tipped $1.8 billion in the first ...

Chief economist update: Policy of patience

BENJAMIN ONG  |  THURSDAY, 2 MAY 2019
... target at 1.5% and 1.6% in the year to March, respectively. In his Q&A, chair Powell stressed the decision to trim the interest rate on excess reserves (IOER) to 2.35% from 2.4% was just a "technical adjustment" intended to keep the Fed funds rate within ...

APRA amends member outcomes standard

KARREN VERGARA  |  THURSDAY, 2 MAY 2019
APRA has revised its member outcomes framework to complement the new Bill that passed in April and is now seeking consultation. Following the passage of Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures ...

Westpac reveals Magnitude, Securitor adviser remediation

HARRISON WORLEY  |  WEDNESDAY, 1 MAY 2019
... and 2018. This is expected to cover the bank for remediation payments up to $297 million, as well as $138 million in interest costs and $75 million in costs associated with running the remediation program, before tax. Westpac now stands to refund more ...

Former Labor senator joins Sargon

HARRISON WORLEY  |  TUESDAY, 30 APR 2019
A former cabinet minister in the Rudd and Gillard governments was appointed to Sargon's board. Stephen Conroy has joined as a non-executive director at Sargon, as the firm embarks on its next growth phase. Commenting on Conroy's appointment, Sargon ...

Super startup to relaunch

HARRISON WORLEY  |  TUESDAY, 30 APR 2019
... option comprised of 35% Australian shares, 30% international shares, 5% Australian listed property, 10% Australian fixed interest, 10% international fixed interest and 10% cash. The second choice - a growth option - will see members increase their exposure ...

CountPlus acquires stake in advice firm

KARREN VERGARA  |  TUESDAY, 30 APR 2019
CountPlus has acquired a stake in a financial advice firm as Prime Financial Group offloads its minority interest. CountPlus acquired a 20% interest in Rundles Financial Planning, as well as a 40% stake in accounting firm Rundles Prime. Total consideration ...

Chief economist update: A good problem to have?

BENJAMIN ONG  |  TUESDAY, 30 APR 2019
... scratching their heads before assessing the best way forward. Strong growth and very low unemployment rate dictates higher interest rates; a cut in interest rates becomes imperative before low inflation turns into lower inflation expectations and morphs ...