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| | | ... brings a wealth of experience in financial services, most recently as an executive director and divisional head at Macquarie Bank, where he led Australian equities and co-headed global equities for over a decade," Finexia said. Ritchie, meanwhile, said ... |
| | | | The Reserve Bank of Australia (RBA) has indicated that there will not be any short-term cutting of interest rates, but the market is pricing in a cut before the end of the year. RBA governor Michele Bullock pushed back against the market pricing, stating ... |
| | | | ... ASIC comes on the heels of its first success in enforcing design and distribution provisions, having won a case against non-bank lender and investment manager Firstmac over a cross-selling strategy for investment products in July. |
| | | | BlackRock Australia has announced it will launch the iShares 20+ year US Treasury Bond ETF (ASX: ULTB) with a management fee of 0.15%. The addition of the ETF extends the local iShares fixed income range, which it said offers Australian advisers and ... |
| | | | US Federal Reserve chair Jerome Powell has declared that inflation is on a sustainable path back to the 2% target and the "time has come" to start cutting interest rates. Powell spoke to global central bankers, policymakers, economists, and academics ... |
| | | | ... recommendations of the Council of Financial Regulators - a coordinating body that comprises APRA, ASIC, Treasury, and the Reserve Bank of Australia (RBA). "The RBA now has powers to step in and promptly resolve a crisis at a domestic clearing and settlement ... |
| | | | ... Authority (APRA) has increased the capital add-on applied to ANZ to $750 million in response to heightened concerns about the bank's non-financial risk management practices. APRA said it has longstanding concerns with ANZ's non-financial risk management ... |
| | | | ... for some time. The rise of the broker channel is creating more options for borrowers and a more level playing field for non-bank financiers to provide customers lending solutions," Danieli added. "We like sectors where banks are ceding market share and ... |
| | | | ... announced a strategic agreement with Taurus, a digital asset platform, to deliver new digital asset capabilities to State Street Bank and institutional investors. The agreement will add tokenisation and digital custody services to State Street's existing ... |
| | | | ... the fickle nature of sentiment," Hennessy said. "Headlines have attributed this volatility to various factors including the Bank of Japan's rate hike, the weak July US jobs report and talk of recession. "We should also remember that markets had moved ... |
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