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Showing 701 - 710 of 3124 results for "Crisis"

Banks throw more businesses a lifeline

ALLY SELBY  |  MONDAY, 30 MAR 2020
... 30,000 more businesses, in a bid to assist commercial landlords struggling to do the right thing by their tenants during the crisis. The Australian Banking Association's (ABA) small business relief package now extends to 98% of businesses with loans ...

Chief economist update: A whole new world

BENJAMIN ONG  |  MONDAY, 30 MAR 2020
... and not satisfied with their accommodation. At the end of the day, what will be the new world economic order after this crisis has passed?

Court confirms Storm Financial founders breached duties

JAMIE WILLIAMSON  |  FRIDAY, 27 MAR 2020
... are unlikely to receive any further remediation. To date, the Cassimatis' have maintained it was the Global Financial Crisis that led to the losses - not the Storm model. Storm clients included a part-time librarian on $17,500 a year and his retired ...

The week that was

JAMIE WILLIAMSON  |  FRIDAY, 27 MAR 2020
... surpasses 21,000, the global economy has taken a beating that many have described as being worse than the Global Financial Crisis of 2008. With about 3000 confirmed cases in Australia, according to the Department of Health, social distancing measures ...

Early super access impact double Treasury estimates

HARRISON WORLEY  |  FRIDAY, 27 MAR 2020
... level of unemployment has grown since the government launched the initiative as part of its wider economic response to the crisis. "Rice Warner's estimates for the industry is in the range $40 to $50 billion as we expect the level of unemployment has ...

Why banks are lifting TD rates

ALLY SELBY  |  FRIDAY, 27 MAR 2020
... and Macquarie Bank. Westpac acting chief executive Peter King said the bank was determined to assist customers during the crisis. "This is a once in a lifetime event and a united response by government, regulators and corporate Australia is exactly what ...

Will COVID-19 infect mortgages and RMBS?

ELIZABETH MCARTHUR  |  FRIDAY, 27 MAR 2020
... "There's no liquidity stress at La Trobe Financial," chief investment officer Chris Andrews said. "Given the extent of the crisis, we are overweight cash in our shorter term funds to ensure we can meet redemptions." La Trobe's working case for ...

SMSFs in flashback to 2008

ELIZABETH MCARTHUR  |  FRIDAY, 27 MAR 2020
... him to institute the same measures for SMSF pensioners that the Rudd Government introduced during the Global Financial Crisis. In 2008, the government made a temporary reduction to the minimum pension payment to assist SMSF pensioners who suddenly found ...

No time to look back

ELIZA BAVIN  |  FRIDAY, 27 MAR 2020
... the highest of highs, and conversely, the lowest of lows. From the 1987 stock market crash to the 2008 Global Financial Crisis, what is so different about this situation that has investors so spooked? The main consensus; the COVID-19 outbreak is not ...

AFCA updates approach amid COVID-19 crisis

ALLY SELBY  |  THURSDAY, 26 MAR 2020
The Australian Financial Complaints Authority will shift its dispute resolution approach, prioritising complaints that relate to COVID-19. The ombudsman said although COVID-19 complaints would be fast-tracked, the circumstances under which financial ...