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Showing 71 - 80 of 162 results for %22Corona Financial Crisis%22

Aussie banks battered by pandemic

ALLY SELBY  |  TUESDAY, 5 MAY 2020
... banks provide for Australian business and mortgage holders. "Credit costs are yet to reach the levels experienced in the financial crisis of 2008 and nobody knows what it will look like in the coming months," Heath said. "What is likely is that the crisis ...

Adviser fears over ASIC relief

HARRISON WORLEY  |  THURSDAY, 30 APR 2020
While backed by major industry associations and advocacy bodies, those that actually provide financial advice fear new temporary relief measures offered by ASIC may push Australians towards conflicted advice. On April 14 ASIC announced a raft of measures ...

Adviser bans fall

ELIZA BAVIN  |  THURSDAY, 30 APR 2020
... may be facing significant disruption." ASIC said in the six months between July 1 and 31 December2019, it recorded 55 financial services related results. Additionally, as at 1 January 2020, ASIC had 14 criminal and 58 civil financial services related ...

Gargantuan stimulus needed to survive economic disaster

ALLY SELBY  |  WEDNESDAY, 29 APR 2020
... having one of the lowest net debt to GDP ratios in the developed world. "If stimulus is big enough to be successful, financial markets will understand that debt issued by the Commonwealth will ultimately be backed by a higher GDP," Morley and Holden ...

Chief economist update: Approaching peak isolation

BENJAMIN ONG  |  WEDNESDAY, 29 APR 2020
... previous month. This is the sharpest fall in the survey's record that eclipses the declines witnessed during the global financial crisis and the tsunami that hit the country in 2011. Similar to the US and the Eurozone (and perhaps, every other country ...

ESG performing positively: MSCI

ELIZA BAVIN  |  TUESDAY, 28 APR 2020
... COVID-19 outbreak - while over a very short term and limited in scope - is the first real-world test since the 2008 global financial crisis of the resilience of companies with high MSCI ESG Ratings." While the pandemic started in emerging markets (EM) ...

Dividends could take years to return: UBS

ELIZA BAVIN  |  TUESDAY, 28 APR 2020
... UBS equity strategist Pieter Stoltz said, based on UBS forecasts, market earnings per share (EPS) will not return to financial year 2019 levels until FY23. "Notably, after the GFC, it took more than a decade for EPS to recover to their prior highs due ...

Chief economist update: BOJ expands Enhancement of Monetary Easing

BENJAMIN ONG  |  TUESDAY, 28 APR 2020
... coronavirus". "The package... will total ¥108 trillion ($989 billion), far exceeding one compiled in the wake of the 2009 financial crisis totaling ¥56 trillion in size, with fiscal spending of ¥15 trillion," according to Reuters. The BOJ's revised ...

Westpac flags $2.2bn impairment

JAMIE WILLIAMSON  |  TUESDAY, 28 APR 2020
... to individual and business customers. It is however unfortunate that some customers will not be able to navigate the financial and economic changes of this crisis and may not re-open. Nevertheless, we will work closely with those customers to help them ...

Bitcoin bonanza amid COVID-19 crisis

ALLY SELBY  |  MONDAY, 27 APR 2020
... market, US stock market indices fell in excess of 30% from their February highs," eToro analyst Mathew De Corrado told Financial Standard. "In the dramatic decline, we saw a large number of investors rush to exit, selling both Crypto and their ETF holdings ...