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Showing 871 - 880 of 5945 results for "Banks"

ASX suffers worst quarter in over a century

ELIZA BAVIN  |  WEDNESDAY, 1 APR 2020
... March 16 and shortly after, Australia's VIX spiked up to 53, its highest reading since 2008. "As governments and central banks, including Australia and New Zealand's, rushed to offer support to the economy, the final week brought signs of a turnaround," ...

Chief economist update: Great Scott! Mighty Mo to the rescue

BENJAMIN ONG  |  TUESDAY, 31 MAR 2020
... commercial landlords will be banned for six months from evicting tenants affected by the economic shock from the coronavirus. Banks will act as a backstop by offering loan repayment deferrals to help landlords. State and federal governments will in turn ...

Super funds called out over liquidity

ELIZA BAVIN  |  MONDAY, 30 MAR 2020
... due to COVID-19 the dates are not set in stone. "Since the election the committee has held hearings with the four major banks, the smaller banks and the superannuation sector. It has not held them with the insurance and financial advice sectors," Wilson ...

Banks throw more businesses a lifeline

ALLY SELBY  |  MONDAY, 30 MAR 2020
Australia's banks will extend the six-month deferral of loans to 30,000 more businesses, in a bid to assist commercial landlords struggling to do the right thing by their tenants during the crisis. The Australian Banking Association's (ABA) small business ...

Why banks are lifting TD rates

ALLY SELBY  |  FRIDAY, 27 MAR 2020
In a somewhat surprising move, banks are lifting some of their term deposit rates despite the Reserve Bank of Australia slashing the cash rate to an all-time low of 0.25% last week. It comes after Australia's biggest bank, the Commonwealth Bank ...

Will COVID-19 infect mortgages and RMBS?

ELIZABETH MCARTHUR  |  FRIDAY, 27 MAR 2020
... sharply decline in value." Barrack - who reportedly has a close relationship with US President Donald Trump - warned that banks, publicly-traded mortgage REITs and other non-bank lenders could find themselves in a precarious situation. He added that ...

No time to look back

ELIZA BAVIN  |  FRIDAY, 27 MAR 2020
... government refusing to bail-out the Lehman Brothers. After they did that it became apparent how much of a stake it had in all the banks, so the knock on effects was the cause of the crisis," Teh said. Part of the exaggerated reaction to this crash is ...

Time for financials to step up: Study

ALLY SELBY  |  THURSDAY, 26 MAR 2020
... investments lead to better performance outcomes has skyrocketed with 67% of Australians believing ethical or responsible banks perform better in the long term and 62% for super funds. This is a very significant 33% rise since our 2017 research was conducted." ...

Why remediation jobs aren't short-term

ELIZABETH MCARTHUR  |  TUESDAY, 24 MAR 2020
... Group's advice remediation program has revealed what financial advisers need to know about remediation, and why some of the banks may make their remediation teams permanent. Melissa Bogg was program director and head of operations for advice remediation ...

Recovery expected in 2021: IMF

ELIZA BAVIN  |  TUESDAY, 24 MAR 2020
... taken to boost health systems and protect affected workers and firms," she said. "We welcome the moves of major central banks to ease monetary policy. These bold efforts are not only in the interest of each country, but of the global economy as a whole. ...