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Showing 541 - 550 of 3400 results for "Revenue"

High super balance tax needs work: Podcast

CASSANDRA BALDINI  |  THURSDAY, 11 MAY 2023
... saying it "has a few whiskers on it." "I don't see it as being that beneficial other than to raise a bit of extra revenue, and probably not a lot of extra revenue for that matter," he explained. "I think it's got a few whiskers on it; one is ...

UBS outlines new operating model, leadership

CASSANDRA BALDINI  |  WEDNESDAY, 10 MAY 2023
... legal entities will take time. But adding Credit Suisse to UBS's highly capital-accretive business model, diversified revenue streams, disciplined risk management and balance sheet for all seasons will benefit our clients, employees, investors, the economies ...

Budget of missed opportunities: Industry

CASSANDRA BALDINI  |  WEDNESDAY, 10 MAY 2023
... system," commented Aware Super chief executive Deanne Stewart. "But ideally the budget would have directed part of that revenue to help fund super on paid parental leave and other measures to improve equity," Meanwhile, despite applauding the government ...

How this budget was built

ALEX DUNNIN  |  TUESDAY, 9 MAY 2023
... budget was built, you need to understand its 2022-23 foundations because just five taxes accounted for 97% of all taxation revenue and just six programs accounted for 71% of all expenditures, with the biggest two accounting for 52%. In a tumultuous global ...

Labor cracks down on unpaid super

ANDREW MCKEAN  |  TUESDAY, 9 MAY 2023
... Australians, including for young and low-income workers who are most likely to have unpaid super. It will also increase tax revenue by $835 million. ­­ Currently, Australian employees are vulnerable to exploitation if their employer fails to make the ...

Budget delivers surplus, with a catch

ANDREW MCKEAN  |  TUESDAY, 9 MAY 2023
The federal government has delivered a small surplus of $4.2 billion for 2022-23, the first in 15 years, but structural deficit challenges continue to pose a threat to long-term fiscal stability. Treasurer Jim Chalmers touted the surplus and smaller ...

JPMorgan acquires First Republic Bank

CASSANDRA BALDINI  |  TUESDAY, 2 MAY 2023
The embattled bank was closed by US regulators and sold to JPMorgan Chase, which will assume all its deposits and most of its assets. Californian authorities, alongside the Federal Deposit Insurance Corporation (FDIC), closed the doors to First Republic ...

JPMorgan among banks to bid in First Republic sale

CASSANDRA BALDINI  |  MONDAY, 1 MAY 2023
JPMorgan Chase, PNC Financial Services Group, and Citizens Financial Group are said to be among those to toss their name in the ring to take over the embattled First Republic Bank. US regulators are rushing to sell First Republic and prevent yet another ...

Lazard to reduce workforce by 10%

JAMIE WILLIAMSON  |  MONDAY, 1 MAY 2023
Lazard is slashing its global workforce by 10% this year to save on costs amid a lack of deal activity. In a quarterly update, Lazard said it has already commenced the initiative, with US$21 million spent on the plan in Q1. It said it anticipates the ...

Venture capital rout rattles advice technology sector

KARREN VERGARA  |  MONDAY, 1 MAY 2023
... sectors has been heavily reduced," he said. "Startups struggled with I would call 'product market fit' or sufficient revenue to be independent businesses in their own right so, they were still dependent on raising external capital in an ongoing ...