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Showing 41 - 50 of 4332 results for "Bank of"

ASX tech spend drives capex to $200m

KARREN VERGARA  |  WEDNESDAY, 27 MAY 2026
... the Accelerate program. The program involves a reset of new targets and benchmarking agreed to by ASIC and the Reserve Bank of Australia (RBA) and "reviewing workstream target states to ensure appropriate aspiration" for its key role as the operator ...

Westpac fined $26m for financial hardship neglect

KARREN VERGARA  |  WEDNESDAY, 27 MAY 2026
... loans, contacted the bank on financial hardship grounds between 2017 to 2023 via subsidiaries St George Bank, Bank SA and Bank of Melbourne. Westpac blamed the oversight on "technology failure". On the contrary, Justice McEvoy said, "while the contraventions ...

AMP new boss overhauls executive team

KARREN VERGARA  |  FRIDAY, 22 MAY 2026
... and regulatory reporting, performance reporting, tax and corporate strategy. Before that, she was a managing director at Bank of America Merrill Lynch in the financial institutions group based in New York for 14 years and worked at Westpac. She will ...

Investors thrust into rules of the 'jungle': Economist

KARREN VERGARA  |  WEDNESDAY, 20 MAY 2026
... as well." Australia, though, is an outlier compared to its peers. Over the next 12 months, Mousina predicts the Reserve Bank of Australia will raise the base rate twice. At the May meeting, interest rates rose by 25bps to 4.35%. "That is going to put ...

Bell Financial launches Tandem Capital

VINNY VUCAGO  |  WEDNESDAY, 20 MAY 2026
... arrangements through a dedicated portal. The launch comes as demand for margin lending rebounds. According to Reserve Bank of Australia data cited by the firm, the value of margin loans increased to about $16.8 billion in December 2025, up from just ...

Tokenisation could inject $24bn annually: Project Acacia

MATTHEW WAI  |  TUESDAY, 19 MAY 2026
Project Acacia, the brainchild of the Reserve Bank of Australia (RBA) and Digital Finance Cooperative Research Centre (DFCRC) to explore a tokenised wholesale asset ecosystem in Australia, has completed its experimental and research phase, which has ...

ASX names Lofthouse's successor

MATTHEW WAI  |  THURSDAY, 14 MAY 2026
... last year affecting its clearing and settling system. It was advised to have "considerable work to do" by the Reserve Bank of Australia to meet the central bank's expectations for an operator of critical market infrastructure. To rectify the underlying ...

Australian ETF market surges to record $346bn

VINNY VUCAGO  |  WEDNESDAY, 13 MAY 2026
... spending and semiconductor demand. At the same time, flows into fixed income and cash strategies increased as the Reserve Bank of Australia delivered its third-interest rate rise of the year in early May, reinforcing expectations that investors are balancing ...

ASX Advisory Group gives update on corporate governance revision

MATTHEW WAI  |  TUESDAY, 12 MAY 2026
... concerns around the governance and operational aspects of ASX over recent years, it is currently chaired by former Reserve Bank of Australia governor Philip Lowe. The group also welcomed seven new members in the beginning of the year, including AustralianSuper ...

RBA hikes rates, suggests more to come

ELIZA BAVIN  |  WEDNESDAY, 6 MAY 2026
The Reserve Bank of Australia (RBA) hiked interest rates by 0.25% at the May meeting, bringing the official cash rate to 4.35%. This hike has now fully reversed the 75bps of cuts delivered last year and the cash rate is now in-line with its peak during ...