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Showing 831 - 840 of 4302 results for "Bank of"

Calls for super release to borrow from RBA

ALLY SELBY  |  TUESDAY, 24 MAR 2020
... director has proposed an alternative solution to soften the blow of COVID-19, one reliant on borrowing funds from the Reserve Bank of Australia rather than superannuation funds. It comes as the industry responds to Prime Minister Scott Morrison's ...

Healy departs NAB

ELIZA BAVIN  |  MONDAY, 23 MAR 2020
... prior to that he spent eight years in New Zealand, including four years as chief executive and managing director of the Bank of New Zealand. Healy said: "I'm proud of the businesses which I have been a part of building in Australia and New Zealand. We ...

Chief economist update: What happens in China...

BENJAMIN ONG  |  MONDAY, 23 MAR 2020
... if memory serves me right, in early February. This is at the same time that the Chinese government and the People's Bank of China (PBOC) were rolling out stimulus measures - what other fiscal and money authorities are implementing now. While it didn't ...

Platforms maintain cash rate on RBA cut

ALLY SELBY  |  FRIDAY, 20 MAR 2020
Netwealth and HUB24 have kept interest rates on cash accounts at 0%, following the Reserve Bank of Australia's rate cut of 25bps on Thursday. Both platforms confirmed the decision to maintain rates at 0%. "Nothing has changed since last week for ...

Former ANZ Wealth investment chief exits

JAMIE WILLIAMSON  |  MONDAY, 16 MAR 2020
... strategy, Australia at UBS Global Asset Management and is a former head of economic activity and forecasting at the Reserve Bank of Australia, having served 10 years at the central bank. The job cuts were revealed last week when the FSU said ANZ leadership ...

Citi to expand local securities team

HARRISON WORLEY  |  MONDAY, 16 MAR 2020
... clients. Citi is expecting to build out its Sydney footprint after it finalised a client transfer agreement with the Royal Bank of Canada which sees clients of RBC transition to the global bank's local securities services arm over the next two years. ...

Chief economist update: Coronavirus cures climate change

BENJAMIN ONG  |  MONDAY, 16 MAR 2020
... BOE, BOJ, ECB and SNB to boost liquidity via US dollar liquidity swap lines. Opening trade on March 16 saw the Reserve Bank of New Zealand deliver its own "emergency" rate cut - a 75 bps reduction in the official cash rate from 1.0% to 0.25%. Fiscal ...

REITs resilient in face of virus: Principal

ELIZA BAVIN  |  FRIDAY, 13 MAR 2020
... particularly compared to Hong Kong and to some extent, the US." Yoong said the recent official cash rate cut by the Reserve Bank of Australia makes A-REIT yields even more attractive. "A-REITS now yield about 5% - a lot better than the less than one ...

Chief economist update: The corona crash of 2020

BENJAMIN ONG  |  FRIDAY, 13 MAR 2020
... factory and office closures... generally, a general lockdown. Monetary and fiscal authorities have responded: The Reserve Bank of Australia (RBA) has cut interest rates by 25 bps earlier this month, taking the official cash rate to a new record low of ...

APRA names new executive director

ELIZA BAVIN  |  THURSDAY, 12 MAR 2020
... of senior roles at the National Australia Bank on-and-off for over 25-years. Roberts was also chief risk officer at the Bank of New Zealand and help non-executive director roles at Anglicare Victoria, Cash Services Australia and The each Foundation. ...