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Showing 661 - 670 of 5969 results for "banks"

Super funds need to get on board with crypto: Carnegie

ELIZABETH MCARTHUR  |  MONDAY, 12 APR 2021
... 20-year-olds. It's not a particularly comfortable place to be," he said. "But it's been made easy by the fact that central banks all around the world have just been printing so much money and borrowing so much. Yes, people can argue that there ...

Chief economist update: No fear

BENJAMIN ONG  |  MONDAY, 12 APR 2021
... year. Never mind the recent back up in bond yields due to rising inflation expectations. This is because most major central banks, led by the Fed, deem near-term inflationary pressures only transitory while at the same time emphasising their commitment ...

State Street tech to back crypto trading platform

JAMIE WILLIAMSON  |  FRIDAY, 9 APR 2021
... investors seeking an allocation to Bitcoin. Pure Digital said it is in discussions with several other Tier 1 investment banks to use the platform. "We are very excited to announce State Street's involvement in this initiative. They are exploring ...

Junk insurance lands Westpac in court

KARREN VERGARA  |  THURSDAY, 8 APR 2021
... were provided efficiently, honestly and fairly," court documents read. The action follows ASIC's investigation of 11 major banks and other lenders selling junk insurance. ASIC deputy chair Karen Chester said the investigations in late 2018 and 2019 found ...

Credit Suisse confirms multibillion-dollar loss

JAMIE WILLIAMSON  |  WEDNESDAY, 7 APR 2021
... outlets are reporting to be Archegos Capital. Archegos Capital defaulted on margin calls from several global investment banks, including Credit Suisse, on March 26. "This will negate the very strong performance that had otherwise been achieved by our ...

Chief economist update: RBA promises support over the next three years

BENJAMIN ONG  |  WEDNESDAY, 7 APR 2021
... that upgraded Australia's 2021 GDP growth forecast by 1.3 percentage points to 4.5%. But like most other world central banks, the RBA cannot afford to rest on its laurels because "there are still considerable uncertainties regarding the outlook" ...

ASIC sues CBA over monthly fees

ANNABELLE DICKSON  |  THURSDAY, 1 APR 2021
... customers," the regulator said. "Financial institutions need to put customers first, and customers should have confidence that the banks they deal with charge fees correctly." CBA paid $66 million in remediation to most of the affected customers by December ...

Zero rates causing risky business: Pengana

ANNABELLE DICKSON  |  WEDNESDAY, 24 MAR 2021
... getting richer and the poor getting poorer. "The zero-interest rate policy was absolutely the appropriate thing for central banks to do in the wake of COVID-19, but it has unintended consequences," Fisher said. "There is no wage growth, no inflation ...

ANZ, CBA settle class action

ANNABELLE DICKSON  |  MONDAY, 22 MAR 2021
... the United States District Court for the Southern District of New York against ANZ, CBA, NAB and Westpac and other global banks. The class action alleged the banks conspired to fix the prices of BBSW-based derivatives. Both ANZ and CBA said the settlement ...

FSC defends retail super funds

ELIZA BAVIN  |  MONDAY, 22 MAR 2021
... government's announcement of the Your Future, Your Super reforms package. ISA had said the reforms package will benefit the big banks and for-profit super sector allowing them to take up to $10 billion a year in profit despite poor performance. The FSC ...