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Showing 751 - 760 of 4301 results for "Bank of"

Count Financial faces class action

ANNABELLE DICKSON  |  FRIDAY, 4 SEP 2020
Class action proceedings have been filed against Count Financial, a former subsidiary of Commonwealth Bank of Australia after contravening its obligations under the Corporations Act. The proceedings filed by Piper Alderman in the Federal Court of Australia ...

Chief economist update: Australia on top despite recession

BENJAMIN ONG  |  FRIDAY, 4 SEP 2020
... uncertainty surrounding the pandemic - and recent reports of hiccups in the UK/Euro Brexit negotiations -- so much so that the Bank of England (BOE) and the Exchequer remain on their toes. The BOE kept the Bank Rate unchanged at its July meeting after ...

Chief economist update: Australia succumbs to pandemic-induced recession

BENJAMIN ONG  |  THURSDAY, 3 SEP 2020
... (consisting of investment income, earnings from unincorporated businesses and social assistance benefits)". The Reserve Bank of Australia (RBA) and the Morrison government's stimulus measures may have put money in our hands but with social and physical ...

CommSec adds general manager

JAMIE WILLIAMSON  |  THURSDAY, 3 SEP 2020
... 2019. Previous to that role he served as country head for GAIN Capital, and has held a number of senior roles across Royal Bank of Scotland, ABN AMRO Bank, Citi and Deutsche Bank. Westpac recently appointed Smoker's replacement in former BNY Mellon ...

Chief economist update: RBA increases and extends TFF

BENJAMIN ONG  |  WEDNESDAY, 2 SEP 2020
The Reserve Bank of Australia (RBA) kept domestic interest rates unchanged - the targets for the official cash rate at 0.25% and the yield on 3-year Australian Government bonds at 25 basis points - at its September meeting, as expected. What came as ...

Chief economist update: COVID-19 cuts capex

BENJAMIN ONG  |  MONDAY, 31 AUG 2020
... consecutive quarter of decline and is the sharpest since the March 2016 quarter - one of the factors that prompted the Reserve Bank of Australia (RBA) to cut the official cash rate from 2.0% to 1.75% in April and then again to 1.5% in August of the same ...

Industry fund adds to board

KARREN VERGARA  |  FRIDAY, 28 AUG 2020
... industries expertise. Her early career began with Macquarie Investment Management, followed by Barclays Private Bank and Bank of America/Merrill Lynch. She spent 10 years in Hong Kong before returning to Yass, New South Wales, where she is a partner ...

Household debt a major risk: RBA

ELIZA BAVIN  |  THURSDAY, 27 AUG 2020
... increased concerns about the risks this poses globally to banking sectors and economies more broadly, according to the Reserve Bank of Australia. In a new paper titled How Risky is Australian Household Debt? the RBA said the current level of household ...

Citi adds compliance head

ANNABELLE DICKSON  |  THURSDAY, 27 AUG 2020
... lead at Macquarie Group and senior vice president of regulatory development and enquiries, compliance risk management at Bank of America. Stewart also held positions at Societe Generale and Minter Ellison. In her new role she will oversee the bank's ...

Chief economist update: Japan economy tanks depsite looser restrictions

BENJAMIN ONG  |  THURSDAY, 27 AUG 2020
... Base effects dictate a rebound in GDP in the next quarter but that wouldn't be enough. In fact, according to former Bank of Japan (BOJ) policymaker Takahide Kiuchi: "Japan will need about five years for the gross domestic product (GDP) to return ...