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Showing 571 - 580 of 5969 results for "banks"

Prime Minister announces reverse mortgage scheme

ELIZABETH MCARTHUR  |  THURSDAY, 16 DEC 2021
... first started opening up this scheme and making it more attractive, are concerned about going into reverse mortgages with banks and those sorts of things," Morrison said. "I understand those concerns. There's some good products there, but what this ...

Economic recap: Week to December 10

BENJAMIN ONG  |  MONDAY, 13 DEC 2021
... "In terms of the implications for us, there isn't, there's not a direct United States exposure. The big Chinese banks are not tremendously exposed." Evergrande sends blood pressure rising each time its debt repayment falls due. But greater than ...

One in three crypto owners to switch banks

ELIZABETH MCARTHUR  |  FRIDAY, 10 DEC 2021
A survey of Australian cryptocurrency owners, conducted by Visa, has revealed one in three plan to switch banks to one that offers crypto products. The survey of more than 790 financial decision makers across Australia found 33% of crypto owners are ...

Partners Wealth Group launches Partners Private

ELIZABETH MCARTHUR  |  TUESDAY, 7 DEC 2021
... individuals, who meet the definition of a sophisticated or wholesale investor, that are usually reserved for investment banks, stockbrokers, and family offices. "We're thrilled to announce Partners Private. It has the potential to provide major investment ...

Backlash after 'unprecedented' ASIC action against Westpac

ELIZABETH MCARTHUR  |  THURSDAY, 2 DEC 2021
... 'walking the talk' they would remediate the victims of what Paull refers to as junk insurance. "Customers who trusted the big banks were ripped off and continue to be out of pocket despite a Royal Commission and numerous ASIC investigations which found ...

APRA finalises new bank capital framework

CHLOE WALKER  |  TUESDAY, 30 NOV 2021
... Basel III requirements. The new regime, which APRA has been consulting on for four years, will help to ensure Australian banks continue to have the financial strength to withstand future adverse economic conditions, ensuring depositors are protected ...

Economic recap: Week to November 26

BENJAMIN ONG  |  MONDAY, 29 NOV 2021
... already jumped the gun. The RBNZ raised interest rates by 25 basis points to 0.5% in October - ahead of the other central banks' (mentioned above) their policy adjustments - "so as to maintain low inflation and support maximum sustainable employment". ...

ASIC sues ANZ over home loan referrals

CHLOE WALKER  |  FRIDAY, 26 NOV 2021
... based on false information and some consumers may have entered into home loans that were beyond their ability to pay. "If banks are going to accept referrals of consumers seeking a home loan from unlicensed individuals, who receive commission payments ...

Guidance on financial risks of climate change released

JAMIE WILLIAMSON  |  FRIDAY, 26 NOV 2021
... how institutions must identify and monitor risk, covering governance, risk management, scenario analysis and disclosure. Banks, insurers and superannuation funds are encouraged to begin using the guidance immediately, APRA said. Following consultation ...

ACCC not opposed to NAB, Citi deal

CHLOE WALKER  |  THURSDAY, 25 NOV 2021
... mergers in the financial industry do not limit the competitive constraint provided by providers outside of the major four banks, however, in this case the ACCC did not consider there would be a substantial impact in any market," Sims said. NAB first ...