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Showing 851 - 860 of 6260 results for "Cash"

$100bn withdrawal triggers First Republic stock plunge

ANDREW MCKEAN  |  WEDNESDAY, 26 APR 2023
... struggled to secure funding from traditional sources, like venture capital funds. Consequently, these start-ups tapped into their cash deposits, causing a drain on the bank's resources, ultimately leading to its collapse. To avert further bank deposit ...

SMSFs weather market storms: Report

CHLOE WALKER  |  WEDNESDAY, 26 APR 2023
... APRA-regulated funds outperform, removing funds with balances under $200,000 and which have 80% or more of their assets invested in cash, accounts for much of the performance differentials. The headline return for the SMSF sector for 2019/20 was -0.6% ...

RBA appointments prompt debate

CASSANDRA BALDINI  |  FRIDAY, 21 APR 2023
... to better outcomes for our members." Deloitte head of access economics Pradeep Philip added the core change to hand over cash rate control to the new board is a "significant departure" from the usual way of doing business at Australia's central bank ...

MA Financial buys marinas, launches fund

CHLOE WALKER  |  THURSDAY, 20 APR 2023
... characteristics and benefits that set them apart from traditional real estate investments," he said. "They are defensive, cash generative businesses with approximately 90% of revenues relating to boat storage, property rental and boat maintenance which ...

Review calls for Reserve Bank overhaul

JAMIE WILLIAMSON  |  THURSDAY, 20 APR 2023
... Australia, with the widely anticipated review putting forth 51 recommendations, with particular consideration given to how cash rate decisions are made. Released today, An RBA fit for future comes amid widespread criticism for the central bank's ...

Adviser complaints rise, super complaints decrease

KARREN VERGARA  |  WEDNESDAY, 19 APR 2023
The number of superannuation complaints have slashed while those related to financial advisers have shot up, the latest statistics from the Australian Financial Complaints Authority (AFCA) shows. In the six months to December 2022, AFCA received 2538 ...

AMP wealth management AUM grows $2bn

ANDREW MCKEAN  |  WEDNESDAY, 19 APR 2023
... Wealth Management assets under management (AUM) increased by $2 billion to $126.2 billion. However, the company had a net cash outflow of $600 million in Q1 2023, a slight improvement from the $900 million outflow in Q1 2022. The MyNorth platform reported ...

UniSuper awards private debt mandate to Revolution AM

ANDREW MCKEAN  |  TUESDAY, 18 APR 2023
... outperforming its objectives, delivering a 9.6% gross return as at 31 March 2023. This performance surpasses the target return of cash plus 4% to 5% (net of fees and expenses). Revolution has raised over $2.5 billion from institutional, family office ...

Apple dives deeper into financial services

CASSANDRA BALDINI  |  TUESDAY, 18 APR 2023
... from Apple Card in Wallet. "Savings helps our users get even more value out of their favourite Apple Card benefit - Daily Cash - while providing them with an easy way to save money every day," said Apple Pay and Apple Wallet vice president Jennifer Bailey. ...

Purpose of pause to gather more data: RBA

CASSANDRA BALDINI  |  TUESDAY, 18 APR 2023
... a decision to gather more information, it said. The minutes from its April 4 board meeting, where it decided to keep the cash rate at 3.6%, reveal the board extensively weighed economic impacts of both options. It said board members discussed the uncertainties ...