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Showing 941 - 950 of 17943 results for "Bank"

Janus Henderson to buy private credit manager Victory Park Capital

ANDREW MCKEAN  |  TUESDAY, 13 AUG 2024
... expansion of Janus Henderson's private credit capabilities follows its May announcement of its acquisition of the National Bank of Kuwait's emerging markets private investments team.

AFCA urges super trustees to improve processes

ELIZA BAVIN  |  TUESDAY, 13 AUG 2024
The Australian Financial Complaints Authority (AFCA) said the average loss on a superannuation scam complaint was just under $90,000. AFCA said of the nearly 11,000 complaints in relation to scams last financial year, less than 20 came from superannuation ...

Pandemic-era savings to dry up: CBA

ELIZA BAVIN  |  FRIDAY, 9 AUG 2024
Commonwealth Bank (CBA) has warned that the extraordinary amount of savings Australians amassed during the pandemic will run dry by the end of the year. CBA said Australians had accrued around $300 billion in additional savings during the period, as ...

NZ Super Fund names chief risk officer

MATTHEW WAI  |  WEDNESDAY, 7 AUG 2024
... a thorough recruitment process. Mitchell brings extensive industry experiences, including different roles at the Reserve Bank of New Zealand, Morgan Stanley, Westpac Investment Management and ABN Amro. Speaking on the appointment, Guardians chief executive ...

RBA on hold: Experts split on 2024 cut

ELIZA BAVIN  |  WEDNESDAY, 7 AUG 2024
The Reserve Bank of Australia (RBA) left interest rates unchanged at 4.35% at its August board meeting. RBA governor Michele Bullock said the case for an interest rate cut in the near-term was not a likely scenario. "Based on what I know today and what ...

Global X chief to step down

ANDREW MCKEAN  |  TUESDAY, 6 AUG 2024
... Global X has launched 19 new funds and grown its assets under management by $3 billion. The most recent fund was an Australian Bank Credit ETF (ASX: BANK), which tracks the performance of the Solactive Australian Bank Credit Index and is Australia's ...

Insight Investment appoints distribution lead

KARREN VERGARA  |  TUESDAY, 6 AUG 2024
... and other intermediaries worldwide. Before joining Macquarie, Murphy worked in the local retail funds business at Deutsche Bank and worked across product development and marketing roles at Prudential and Citibank. Insight Investment had about $42 billion ...

Markets melt down over 'premature' recession fears

ELIZA BAVIN  |  TUESDAY, 6 AUG 2024
... unemployment rate rises by half a percentage point in a year," he said. The major sell-off has all but confirmed that the Reserve Bank of Australia (RBA) is likely to keep interest rates on hold at today's meeting. "A positive for traders out of Monday's ...

Former wealth management chief ousted from financial services

ANDREW MCKEAN  |  FRIDAY, 2 AUG 2024
... restricted these entities from transferring property out of Australia, incurring new liabilities, or withdrawing funds from their bank accounts. The proceedings regarding the interim orders have been adjourned to next week. Hewish, on his social media ...

AMP Super trustee has additional licence conditions removed

ANDREW MCKEAN  |  FRIDAY, 2 AUG 2024
The AMP Super Fund trustee, N.M. Super, has had its additional licence conditions lifted, marking the end of all outstanding matters raised by the Financial Services Royal Commission. N.M. Super, which controls the AMP Super Fund and Wealth Personal ...