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Showing 4801 - 4810 of 17956 results for "Bank"

Chief economist update: Americans who want work will find it

BENJAMIN ONG  |  MONDAY, 5 NOV 2018
... pre-Christmas meeting (18-19 December) is different. Here, the odds are, according to cmegroup.com, 73.6% that the US central bank will raise interest rates by 25 basis points to 2.25%-2.5%. Yes Virginia, I'm scratching my bald head too. Only 73.6% ...

Macquarie reshuffles asset management lineup

KANIKA SOOD  |  FRIDAY, 2 NOV 2018
... profits of $1.3 billion. Former RBA board member Jillian Broadbent AO is joining the boards of Macquarie Group and Macquarie Bank as an independent non-executive director, effective November 5. She has previously held directorships on the boards of ASX ...

Chief economist update: BOE waiting on Brexit

BENJAMIN ONG  |  FRIDAY, 2 NOV 2018
When the Bank of England's (BOE) Monetary Policy Council (MPC) unanimously voted to raise the Bank Rate by 25 bps to 0.75% on the 2nd of August, BOE governor Mark Carney was quoted as saying, "The mistake is to always wait, wait, wait until you ...

One-stop complaints shop opens

DARREN SNYDER  |  THURSDAY, 1 NOV 2018
Australia's newly-established financial services dispute resolution system expects to play an important role in the wake of the Royal Commission into the sector's misconduct. Australian Financial Complaints Authority chair Helen Coonan said the one-stop-shop ...

NAB signals more bad advice remediation

KARREN VERGARA  |  THURSDAY, 1 NOV 2018
Among its FY18 results, National Australia Bank flagged that bad advice and fees for no service remediation will continue to dampen its future financial performance. Numerous contingent liabilities and potentially paying out more compensation plagued ...

Chief economist update: Australia's low(er)-flation

BENJAMIN ONG  |  THURSDAY, 1 NOV 2018
Will the next move in the official cash rate, as Reserve Bank of Australia (RBA) Governor Philip Lowe put it, likely "be up, rather than down"? To answer this, we have to look at the RBA's mandate of full employment and meeting an "agreed medium-term ...

ANZ wealth flows decline

KARREN VERGARA  |  WEDNESDAY, 31 OCT 2018
... community," he said. "This was a factor in the decision to reduce variable remuneration paid to staff this year across the bank by $124 million. We are also undertaking the urgent work required to fix the failures that have been highlighted by the Commission ...

AustralianSuper awards $500m mandate

KANIKA SOOD  |  WEDNESDAY, 31 OCT 2018
... rating of AA or AAA in Australian dollars. It was founded in 2014 by former JP Morgan bonds salesman Angus Coote and former Bank of America Merrill Lynch bond trader Charles Jamieson. As at 30 September, the strategy had returned 0.36% per annum above ...

CBA sells CFSGAM, new wealth business chief executive appointed

KANIKA SOOD  |  WEDNESDAY, 31 OCT 2018
Commonwealth Bank is selling Colonial First State Global Asset Management (CFSGAM) to a Japanese buyer. The bank has entered into an agreement with Mitsubishi UFJ Trust and Banking Corporation (MUTB) to sell the business for $4.13 billion for a total ...

Fintechs in the money, gain confidence

KARREN VERGARA  |  TUESDAY, 30 OCT 2018
The fintech sector is bullish it can grab market share from big banks and incumbents with the advent of open banking and as the fallout from the Royal Commission plays out, EY's latest fintech census shows. With one-in-five fintechs now turning a profit ...