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Showing 711 - 720 of 4302 results for "Bank of"

EQT wins endowment mandate

ANNABELLE DICKSON  |  WEDNESDAY, 25 NOV 2020
... philanthropist Carol Schwartz as chair of its board. Schwartz is currently a non-executive director on the boards of the Reserve Bank of Australia, Qualitas Property Partners and the Schwartz family office, Trawalla Group. Along with her family, Schwartz ...

JobKeeper saved 700,000 jobs: RBA

ELIZA BAVIN  |  TUESDAY, 24 NOV 2020
... JobKeeper payment would not have stayed employed this year without it, according to a research paper from the Reserve Bank of Australia (RBA). The Morrison government announced a series of fiscal measures at the start of the year in response to the sharp ...

Chief economist update: Iron ore to reduce Aussie deficit

BENJAMIN ONG  |  TUESDAY, 24 NOV 2020
... under, it wouldn't be a surprise to find Prime Minister Scott Morrison, Federal Treasurer Josh Frydenberg and Reserve Bank of Australia chief Philip Lowe - also known as Team Australia - crooning this tune at the now opened karaoke bar... and a rendition ...

APRA reduces CBA capital requirement

ANNABELLE DICKSON  |  FRIDAY, 20 NOV 2020
... requirement on the bank in May 2018 as part of its response to the Final Report of the Prudential Inquiry into the Commonwealth Bank of Australia. APRA's inquiry found that CBA's financial success "dulled the senses of the institution" in relation to ...

Frydenberg unveils Retirement Income Review

KARREN VERGARA  |  FRIDAY, 20 NOV 2020
... economic facts at the time. Frydenberg took into account arguments from the Grattan Institute and the governor of the Reserve Bank of Australia to consider carefully the tradeoff in increasing SG and having less money in people's pockets. Hume flagged ...

Old problem needs new solution: Research

ANNABELLE DICKSON  |  WEDNESDAY, 18 NOV 2020
... need to adopt a new approach to providing income for retiree clients, according to Allianz Retire+. Following the Reserve Bank of Australia's (RBA) latest cash rate cut, down to 10 basis points, retirees with a large allocation to cash are not able to ...

Chief economist update: Vaccine optimism sparks AUD resurgence

BENJAMIN ONG  |  WEDNESDAY, 18 NOV 2020
... wave (notwithstanding fresh reports of infections in South Australia) has improved domestic economic outlook. Reserve Bank of Australia (RBA) governor Philip Lowe thought as much. In his address at the annual dinner of the Committee for Economic Development ...

Chief economist update: Japan's third wave

BENJAMIN ONG  |  MONDAY, 16 NOV 2020
... infections equals more monetary policy easing and more fiscal spending. Like the Fed and the European Central Bank, the Bank of Japan (BOJ) also kept monetary policy unchanged - target rate at -0.1% and target for the 10-year Japanese government bond ...

Chief economist update: We're not there yet

BENJAMIN ONG  |  FRIDAY, 13 NOV 2020
... Banking 2020, held online on November 11-12. The head honchos of the US Federal Reserve, European Central Bank and the Bank of England's collective and cautionary missive comes amid a backdrop of recent COVID-19 vaccine optimism and the rising cases ...

CBA feels pressure of low rates, profits down

ANNABELLE DICKSON  |  WEDNESDAY, 11 NOV 2020
Commonwealth Bank of Australia reported a decrease in cash profit down for the September quarter due to lower margins and higher expenses. The preliminary figures show cash profits down 16% to $1.8 billion on the same period in the previous year. The ...