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Showing 601 - 610 of 5944 results for "Banks"

Chief economist update: Delta variant infects Australian economy

BENJAMIN ONG  |  TUESDAY, 29 JUN 2021
... interest rates will remain at the record low 0.1% "until 2024 at the earliest", three of Australia's 'Big Four' banks released forecasts that are at odds with the central bank. Commonwealth Bank predicted that the RBA would lift interest ...

Industry split on paid vaccine leave

JAMIE WILLIAMSON  |  FRIDAY, 25 JUN 2021
... have a critical role to play." The union has so far written to 71 employers in the financial services sector, including banks, insurers and superannuation funds. As it stands, the FSU has received just 24 responses. Of those, just one has agreed to what ...

AUSTRAC to face scrutiny

ELIZABETH MCARTHUR  |  THURSDAY, 24 JUN 2021
The Australian Transaction Reports and Analysis Centre (AUSTRAC), which has handed out record fines to the big banks, will face new scrutiny from the Senate. Labor Senator Deborah O'Neill'smotion to set up an inquiry into the agency through the Senate ...

Coolabah lists fund on Chi-X

KANIKA SOOD  |  MONDAY, 21 JUN 2021
... returns of 1% to 2% per year over the Bloomberg Ausbond Composite Bond 0+ Yr Index. It invests in bonds issued by governments, banks, corporates, and asset-backed securities and residential mortgage-backed securities with an average target credit rating ...

Calls for Royal Commission into housing

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 JUN 2021
... 70% in 1990 to almost 185% by 2020. Some three quarters of this debt is in mortgages and 60% of debt held by Australian banks is in the form of residential mortgages, one of the highest globally and greatly exposing the banking system to potential disruption. ...

Aussies lose $328m to investment scams

KARREN VERGARA  |  MONDAY, 7 JUN 2021
... compared to 2019. Overall, 444,164 incidents were reported to the ACCC's Scamwatch, the government's ReportCyber, banks and payment platforms in 2020. About $131 million was lost to romance scams and $128 million was the result of business emails ...

LIBOR phased out by year end

ELIZABETH MCARTHUR  |  FRIDAY, 4 JUN 2021
... USD LIBOR - after the end of 2021." LIBOR is an interest-rate average calculated from estimates submitted by the largest banks in London. It is open to corruption and cartel behaviour due to the nature of relying on estimates submitted by the big banks ...

KPMG names risk consulting partners

ANNABELLE DICKSON  |  FRIDAY, 4 JUN 2021
... earlier this year. Donaldson joined from Oliver Wyman where he provided risk strategy and digital advisory services to leading banks and insurers and Bradford joined from Commonwealth Bank as head of transactions monitoring, international financial transfer ...

BlackRock unifies offering, rejigs executives

ANNABELLE DICKSON  |  THURSDAY, 3 JUN 2021
... Christian Obrist who has been promoted to lead iShares distribution Asia ex-Japan out of Hong Kong. BlackRock head of wealth and banks Chantal Giles has been appointed to the expanded role of head of iShares Wealth Australasia. She will lead a team responsible ...

Class action consultation opens

ANNABELLE DICKSON  |  TUESDAY, 1 JUN 2021
... Class Actions Australia said the regulations could prevent compensation payouts to Australians that were cheated by big banks.