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Showing 761 - 770 of 5945 results for "Banks"

Fund manager outflows spread into June quarter

KANIKA SOOD  |  THURSDAY, 23 JUL 2020
... absolute valuation appeal, however relative valuation appeal to broader market is evident (~30% discount to industrial ex banks)," Macquarie analyst Brendan Carrig said in a July 22 note. Macquarie has moved Magellan Financial Group (MFG) to "underperform" ...

European robo-adviser eyes Australia, taps Westpac exec

ALLY SELBY  |  THURSDAY, 23 JUL 2020
... Westpac's private banking business has brought a Belgium-based robo-adviser down under, and says industry super funds, major banks, broker businesses and dealer groups are already knocking at the door. With its Asia Pacific operations led by Tim ...

Chief economist update: US-China tensions escalate

BENJAMIN ONG  |  THURSDAY, 23 JUL 2020
... coronavirus to fry. US President Trump and China's leader Xi could smooch and make up tomorrow but governments and central banks and financial markets around the world would still be scrambling until the covid-19 pandemic becomes history. Besides ...

Westpac nabs Deutsche Bank executive

ELIZA BAVIN  |  THURSDAY, 23 JUL 2020
... chief executive of Deutsche Bank Australia and New Zealand since 2017 and was responsible for providing oversight and the banks activities in Australian, including the corporate and investment bank and DWS. While no specific date of commencement has ...

No such thing as a free lunch: Lowe

ELIZA BAVIN  |  WEDNESDAY, 22 JUL 2020
... experience with other monetary options. "We had another discussion on this at our meeting two weeks ago," Lowe said. "Central banks around the world have all moved in the same general direction, but they have configured their monetary support packages ...

Sovereign investors keen on gold, infrastructure

KANIKA SOOD  |  TUESDAY, 21 JUL 2020
... positioned going into the crisis, according to the report which polled 139 institutions (83 sovereign funds and 56 central banks) with US $19 trillion at March end. Over the next 12 months sovereigns plan to continue allocating to fixed income. About ...

Opportunities in EM debt rebound: Eaton Vance

ALLY SELBY  |  TUESDAY, 21 JUL 2020
... Vance said. "Looking ahead from a macro perspective, easing monetary and fiscal policies from the world's major central banks will likely provide support for the asset class, as will the low yields available in core sovereign bond markets (USTs ...

Westpac found to be immature, reactive

ELIZA BAVIN  |  FRIDAY, 17 JUL 2020
... of defence, with further change required to address identified weaknesses." Westpac chief executive Peter King said the banks management of non-financial risk is not up to the standard it sets itself, as he announced a new program to improve the bank. ...

Aussie banks set to underperform

ALLY SELBY  |  THURSDAY, 16 JUL 2020
Australia's financial services sector, particularly the big four banks, are set to underperform over the coming months, with mounting business and home loan deferrals to blame. That's according to T. Rowe Price head of Australian equities Randal ...

Banks brace for major loan losses

ALLY SELBY  |  WEDNESDAY, 15 JUL 2020
Three of the United States' biggest banks have set aside approximately $40 billion (US$28 billion) to brace for COVID-19 related loan losses, as Wells Fargo posts its first quarterly loss since the Global Financial Crisis. Citigroup saw its net income ...