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Showing 881 - 890 of 7033 results for "December"

US Fed hikes rates amid banking turmoil

ANDREW MCKEAN  |  THURSDAY, 23 MAR 2023
... trajectory. Further, in November, market analysts are forecasting the start of rate cuts, which could potentially continue into December 2024. As the Fed works with other regulators to repair the damage caused by the recent banking sector turmoil and ...

Openmarkets launches custody offering

KARREN VERGARA  |  WEDNESDAY, 22 MAR 2023
... replace Ivan Tchourilov, and made several staff members redundant. Rob Forbes was named as chief operating officer in December 2022 after spending four years as head of business development for technology solutions at HUB24. The appointment follows its ...

Inflation erodes retiree savings by 7.5%

KARREN VERGARA  |  TUESDAY, 21 MAR 2023
... by the data and the Board's assessment of the outlook," the minutes read. In the five quarters from September 2021 to December 2022, the Consumer Price Index increased by an average of 1.8% per quarter, marking a higher historical average of 0.6% per ...

Spotlight shines brighter on climate reporting: Expert

KARREN VERGARA  |  FRIDAY, 17 MAR 2023
... Active - have pulled parts of their climate and responsible investment reportage from their websites," she said. Last December federal treasurer Jim Chalmers opened a consultation on developing a climate risk disclosure framework for Australia. "This ...

TAA urges active recruitment for industry sustainability

KARREN VERGARA  |  FRIDAY, 17 MAR 2023
... certain criteria. The criteria could include passing the adviser exam; having a minimum of 15 years' experience as at 31 December 2021; and possessing a competency assessment at AQF7 level or above, he said. Education providers could, for example, be ...

Advice group chief fakes exam result, banned

JAMIE WILLIAMSON  |  THURSDAY, 16 MAR 2023
... a North Sydney financial advice group is permanently banned by ASIC for faking his Financial Adviser Exam results. In December 2021, Bluepoint Consulting chief executive and co-founder Todd Karamian altered the result on his Financial Adviser Certificate ...

Fixed interest ETP issuers hit the gas

CHLOE WALKER  |  THURSDAY, 16 MAR 2023
... Australia last year, according to Rainmaker Information. In its latest ETP Report, Rainmaker found in the 12 months to December 2022 the fixed interest (FI) sector grew by 16% to $16 billion on net flows of $3.4 billion. Their share of the total market ...

No systemic risk with SVB, but issues remain: Experts

CASSANDRA BALDINI  |  WEDNESDAY, 15 MAR 2023
... article for The Conversation. "This has resulted in US$620 billion in unrealised losses on bank balance sheets as of December 2022." However, Tennekoon said most banks are unlikely to have significant liquidity risk. "While SVB and Signature were complying ...

HSBC bails out Silicon Valley Bank UK

CASSANDRA BALDINI  |  TUESDAY, 14 MAR 2023
... UK had loans of around £5.5 billion and deposits of around £6.7 billion, said HSBC. For the financial year ending 31 December 2022, SVB UK recorded a profit before tax of £88 million, while its tangible equity is expected to be around £1.4 billion. ...

Dodgy advice bill nears $5bn: ASIC

CASSANDRA BALDINI  |  FRIDAY, 10 MAR 2023
... some remediation programs are ongoing. The watchdog said the institutions have paid or offered the total sum as at 31 December 2022 which included $1.1 billion paid or offered between 1 July and 31 December 2022. AMP will pay a total of $679,211,431 ...