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Showing 561 - 570 of 5969 results for "banks"

Federal Reserve mulls central bank digital currency

JAMIE WILLIAMSON  |  FRIDAY, 21 JAN 2022
... digital forms and the forms of money used in those transactions are liabilities of private entities, such as commercial banks, but this would be a liability of the Federal Reserve, the central bank explained. The paper states that while a CBDC could ...

Inflation to retreat in 2022: Fund manager

KARREN VERGARA  |  FRIDAY, 21 JAN 2022
... higher inflation levels. Yet, in line with rising interest rates, Taylor said inflation will eventually fade as central banks across the globe respond to high inflation data. "Central banks are currently trying to balance the need to support economies ...

Net zero banks fund $3.5bn in carbon: Market Forces

CHLOE WALKER  |  TUESDAY, 18 JAN 2022
Market Forces claims NAB, ANZ and Westpac are among several banks with net zero commitments that continue to lend to Global Infrastructure Partners, despite its not-so environmentally friendly investments. Market Forces says in total 18 banks, including ...

Citi adds to APAC leadership

CHLOE WALKER  |  TUESDAY, 18 JAN 2022
... subsidiaries of the bank's largest multi-national clients. GSG has a presence in 15 markets in the Asia Pacific region and banks two thirds of the global Fortune 500 companies in Asia. Prior to joining Citi, Choe spent six years at HSBC Hong Kong working ...

Australian billionaires double fortunes during pandemic: Oxfam

CHLOE WALKER  |  MONDAY, 17 JAN 2022
... wealth means that while many have been pushed to the brink, billionaires have had a terrific pandemic," she said. "Central banks have pumped trillions of dollars into financial markets to save the economy, yet much of that has ended up lining the pockets ...

PineBridge hires Asia wealth management lead

KARREN VERGARA  |  FRIDAY, 14 JAN 2022
... role, Kopitsis will focus on increasing awareness and distribution of PineBridge's investment capabilities to private banks and distribution platforms in the region. This newly created role reflects PineBridge's wealth business strategy and focus ...

Retail super fund to be wound up

JAMIE WILLIAMSON  |  TUESDAY, 11 JAN 2022
... environment," Rainmaker executive director of research Alex Dunnin said. "The closure of the fund continues the trend of many mutual banks not being able to convert their highly engaged banking customers into wealth management customers." CUBS Superannuation ...

Inflation to persist in 2022: Aviva

KARREN VERGARA  |  TUESDAY, 11 JAN 2022
... and persistent inflation, these will lead to emergency policy settings no longer being needed. He also thinks that central banks will tighten monetary policy slowly but steadily in coming years, but will the pace and timings will vary across different ...

BNP Paribas Securities Services chief executive to depart

ELIZABETH MCARTHUR  |  FRIDAY, 17 DEC 2021
... the role, the spokesperson said. Currently, chief operating officer of the Australasian securities services business David Banks has been appointed to the lead role on an interim basis. "We would like to thank David for his contributions and wish him ...

Knight Frank releases 2022 outlook

CHLOE WALKER  |  THURSDAY, 16 DEC 2021
... Ten-year bond yields have risen to around 1.9% as market participants anticipate the tapering of asset purchases by central banks, and eventually policy rate increases. Knight Frank's chief economist Ben Burston said that, despite taking the first steps ...