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| | | ... trade, the Dow Jones fell 1.86%, the S&P 500 shed 2.2%, and the Nasdaq Composite lost 1.44%. It comes as the US's biggest banks struggle to grapple with the impacts of the spreading coronavirus, with Citibank, Bank of America, JP Morgan and Wells ... |
| | | | ... personnel are unavailable because of illness or quarantine. This is especially critical for relationship managers at private banks," McKinsey said. To cope with either scenario, McKinsey said wealth management firms must be prepared to address client ... |
| | | | ... multiples despite interest rates being low to negative around the world. "I do get worried about governments and central banks printing money, but I sleep well at night knowing they can't just make more real assets like our Zurich's airport, FL electric ... |
| | | | An Australian investment manager has urged the big four banks to continue paying dividends, propping up APRA's suggestion to use underwritten dividend reinvestment plans (DRPs) to meet the needs of the nation's retirees. Plato Investment Management ... |
| | | | ... Reserve Bank of Australia. However, this year is a different story across the world. The European Central Bank has asked banks to defer dividend payouts until October, while the UK has seen nearly half of its biggest listed companies scrap dividends ... |
| | | | ... opportunity to buy, rather than sell. "These investors are buyers, almost exclusively, and they're also buying big names - banks, big miners, as well as ASX200 ETFs," she said. "Volumes are heavily dominated by big name, large cap companies that ... |
| | | | ... currently a fine-balancing act between bulls and bears, with the bulls pointing to the unprecedented actions taken by central banks and governments to stimulate their respective economies, and the bears who think there is a lot more bad news to come." ... |
| | | | ... coordinated response from government, regulators and financial institutions compared to its peers. "We're seeing the banks work with the government and regulators, and stepping up to provide assistance and relief," she said. "For landlords, commercial ... |
| | | | The big four banks have all suffered a rating downgrade due to the COVID-19 fallout, while APRA warns they should cut dividends and bonuses. Fitch Ratings downgraded all four of the major banks, and their New Zealand subsidiaries, due to its expectation ... |
| | | | ... new super funds at the hands of COVID-19. APRA has suspended the issuance of new licences to budding superannuation funds, banks and insurers. In a letter to license applicants the prudential regulator said it was concerned new entrants to banking, superannuation ... |
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