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Showing 921 - 930 of 17943 results for "Bank"

Investment firm becomes cornerstone investor in Finexia

ANDREW MCKEAN  |  TUESDAY, 27 AUG 2024
... 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 ...

Economists hit back at RBA guidance

ELIZA BAVIN  |  TUESDAY, 27 AUG 2024
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 wins case against crypto exchange Kraken

ANDREW MCKEAN  |  MONDAY, 26 AUG 2024
... 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 launches new bond ETF

ELIZA BAVIN  |  MONDAY, 26 AUG 2024
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 ...

Fed's Powell says 'time has come' to cut rates

ELIZA BAVIN  |  MONDAY, 26 AUG 2024
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 ...

Regulators given new powers to protect financial markets in crises

ANDREW MCKEAN  |  FRIDAY, 23 AUG 2024
... 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 ...

ANZ hit with $250m capital penalty

ELIZA BAVIN  |  FRIDAY, 23 AUG 2024
... 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 ...

MA Financial eyes growth with Warburg Pincus, Flexicommercial

MATTHEW WAI  |  THURSDAY, 22 AUG 2024
... 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 ...

State Street partners with Taurus to expand digital asset services

MATTHEW WAI  |  WEDNESDAY, 21 AUG 2024
... 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 ...

Zenith increases defensive investment as recession risk looms

ELIZA BAVIN  |  WEDNESDAY, 21 AUG 2024
... 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 ...