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Showing 71 - 80 of 397 results for %22Great Financial Crisis%22

Frydenberg amends Corporations Act

ALLY SELBY  |  WEDNESDAY, 6 MAY 2020
... irreversibly changed by the pandemic. "The accelerated transformation forced by the pandemic has brought many challenges, but a great deal of agility and resilience has also been on display from many organisations as they adapt to the changed circumstances," ...

Adviser fears over ASIC relief

HARRISON WORLEY  |  THURSDAY, 30 APR 2020
... Brentnall says the initiative - taken as a measure designed to accelerate the issuance of information for clients - is "great", but won't help with the onboarding of new clients. "Let's say someone you know is in financial distress and they want to have ...

ANZ profits halve, dividend deferred

JAMIE WILLIAMSON  |  THURSDAY, 30 APR 2020
... COVID-19 becomes clearer. ANZ chair David Gonski described the decision as prudent, assuring it is not about the bank's financial position and ANZ has not received any concerns from APRA about its capital position. As at March 31, ANZ's CET1 ...

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 ...

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 ...

The next big short

ALLY SELBY  |  THURSDAY, 23 APR 2020
... be," Burry told Bloomberg. "This is very much like the bubble in synthetic asset-backed CDOs before the Great Financial Crisis in that price-setting in that market was not done by fundamental security-level analysis, but by massive capital flows based ...

Has COVID-19 solved the advice problem?

HARRISON WORLEY  |  THURSDAY, 23 APR 2020
... advice to the masses, that's the exciting thing. And not advice by a machine, advice by a human being augmented by these great technologies," Dillon told Financial Standard. "If you don't combine it with a human, it will be as successful as robo-advice ...

No liquidity support for super: RBA

ELIZA BAVIN  |  WEDNESDAY, 22 APR 2020
... forward with reforms that would move Australia out of the shadows cast by the crisis. "A strong focus on making Australia a great place for businesses to expand, invest, innovate and hire people is the best way of extending the recovery into a new period ...

Advisers adapt as crisis unfolds

ALLY SELBY  |  MONDAY, 20 APR 2020
... had been quick to adapt in order to thrive through this challenging period. "In this environment the value of quality financial advice has never been greater," he said. "Advisers are working to adapt their businesses and overcome the challenges of mandatory ...

The great fall of China

BENJAMIN ONG  |  MONDAY, 20 APR 2020
... from registering its first recession in 28 years. China's double-digit GDP growth (at the time) shielded Australia from the Great Recession of 2008/09 and the Asian financial crisis a decade earlier. China's slow early return to business as usual offers ...