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Showing 601 - 610 of 4301 results for "Bank of"

Chief economist update: Japan still waiting for the sun to rise

BENJAMIN ONG  |  MONDAY, 28 JUN 2021
... territory for the 17th month in a row. Japan's inflation measures have improved slightly but remain far below the Bank of Japan's (BOJ) target. The headline inflation rate was better at minus 0.1% in the year to May from minus 0.4% in the previous ...

Chief economist update: UK not there yet

BENJAMIN ONG  |  FRIDAY, 25 JUN 2021
Financial markets widely expected the Bank of England's (BOE) decision to keep current monetary policy settings unchanged at its June monetary policy committee meeting. "The MPC voted unanimously to maintain Bank Rate at 0.1%... and to maintain ...

Westpac backs out of NZ demerger plans

ANNABELLE DICKSON  |  THURSDAY, 24 JUN 2021
... stages of reviewing Westpac New Zealand (WNZL) as regulatory requirements in New Zealand became too stringent. The Reserve Bank of New Zealand (RBNZ) instructed Westpac New Zealand to hold additional liquid assets and commission independent reports into ...

Teachers Mutual launches neobank

ANNABELLE DICKSON  |  MONDAY, 21 JUN 2021
Australia's largest mutual bank has launched a digital bank to meet the needs of essential workers and appointed a chief digital bank officer. Hiver has been created for essential workers in education, emergency services and healthcare sectors and combines ...

ME Bank acquisition receives green light

KARREN VERGARA  |  MONDAY, 21 JUN 2021
The federal government has approved the Bank of Queensland's acquisition of ME Bank, which was formerly owned by industry superannuation funds. ME Bank will officially become part of the BOQ group. The two firms said they will continue to operate ...

Chief economist update: Chinese activity indicators disappoint but growth target intact

BENJAMIN ONG  |  MONDAY, 21 JUN 2021
... 15.4% in May from 19.9% in April, 25.6% in March and 35.0% in February. But no problemo. If it were, the People's Bank of China (PBOC) would have sprung into action. But no, it left its benchmark interest rates unchanged - one-year loan prime rate ...

J.P. Morgan acquires digital wealth manager

ELIZABETH MCARTHUR  |  FRIDAY, 18 JUN 2021
J.P. Morgan Chase has acquired a digital wealth manager in a move to further its launch of Chase as a digital bank in the UK later this year. Nutmeg is an independent digital wealth manager in the UK and J.P. Morgan plans to integrate it into its digital ...

Chief economist update: It's raining jobs

BENJAMIN ONG  |  FRIDAY, 18 JUN 2021
... life some rain must fall". Australia's "jobs full" recovery brings with it that horrible thought that the Reserve Bank of Australia (RBA) and/or the federal government withdrawing their policy largesse. Que horror! Monetary and fiscal accommodation ...

Calls for Royal Commission into housing

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 JUN 2021
... structure. Crucial in the paper's recommendations is that there should be a national housing strategy and the Reserve Bank of Australia should have formal accountability on maintaining a more stable and well-functioning housing market.

Chief economist update: How do you solve a problem like Australia's housing?

BENJAMIN ONG  |  WEDNESDAY, 16 JUN 2021
... prices - with all the multiplier effect that goes with it - could also get the general economy undone. If the Reserve Bank of Australia and APRA huff and puff, they could blow the house down and the economy with it.