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Showing 471 - 480 of 4000 results for "Cut"

UBS swaps out chiefs amid Credit Suisse acquisition

CASSANDRA BALDINI  |  THURSDAY, 30 MAR 2023
Following its agreement to purchase the embattled bank, Sergio Ermotti will return to the helm of UBS and take over from Ralph Hamers. Hamers will officially relinquish his chief executive title next Wednesday to "serve the interests of the new combination ...

It's not 2008, but there's likely more pain ahead: Iggo

CHLOE WALKER  |  TUESDAY, 28 MAR 2023
While it's not quite a repeat of the Global Financial Crisis, AXA IM's Chris Iggo has warned there may be more problems ahead as investors reconsider their holdings in banks and related assets. AXA IM's chief investment officer said the risk is also ...

RBA rate rises up in the air: Economists

CASSANDRA BALDINI  |  FRIDAY, 24 MAR 2023
Australian financial markets have been bracing for a pause in rate hikes, however recent instability has economists recalibrating their view. The coin is being tossed ahead of the Reserve Bank of Australia's (RBA) meeting next month, with suggestions ...

US Fed hikes rates amid banking turmoil

ANDREW MCKEAN  |  THURSDAY, 23 MAR 2023
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 ...

Inflation decimates retiree purchasing power

ANDREW MCKEAN  |  FRIDAY, 10 MAR 2023
Inflation is eroding retirees' purchasing power, posing a significant risk to their financial stability. With CPI now at 7.8% as of the December quarter of 2022, inflation has become an increasingly pressing issue for retirees, who worry that their ...

Bravura $80m restructure underway

KARREN VERGARA  |  TUESDAY, 7 MAR 2023
... ($36m), while the remainder ($22m) will provide a buffer in the balance sheet. About 8-10% of the full-time workforce will be cut as part of the restructure. The group expects to save about $5 million after it offshores work to its existing India and ...

Bridgewater to restructure, pushes for global expansion

ANDREW MCKEAN  |  THURSDAY, 2 MAR 2023
... 1300 employees. Bridgewater chief executive Nir Bar Dea said that the restructuring was necessary to free up resources and cut costs as the firm moves towards a more offensive strategy. This move is part of a larger trend in the financial sector, as ...

Australian dividends surge in 2022: Report

CASSANDRA BALDINI  |  WEDNESDAY, 1 MAR 2023
... of many commodities is now lower, with the notable exception of coal. Fortescue Metals become the first Australian miner to cut its payout while Rio Tinto's dividend rose for the full year and then declined by the second half. The report further explained ...

Advice group launches CRM software

KARREN VERGARA  |  WEDNESDAY, 1 MAR 2023
FYG Planners has launched a new software that helps its financial advisers better manage client relationships. WealthEye CRM, the new customer relationship management solution built on the Dynamics 365 platform, helps financial advisers streamline the ...

AET divestment drives Insignia profit gain

JAMIE WILLIAMSON  |  THURSDAY, 23 FEB 2023
Insignia Financial recorded a 67% increase in net profit after tax for the first half, while also seeing a drop in its funds under management and administration of $5.5 billion. Reported to the ASX today, Insignia's NPAT was $45.1 million, a significant ...