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Showing 941 - 950 of 4302 results for "Bank of"

RBA in no rush to lift cash rate

KANIKA SOOD  |  FRIDAY, 26 JUL 2019
Investors should brace for the 1% cash rate environment to continue, after Reserve Bank of Australia governor Philip Lowe turned the spotlight to the stubborn inflation rates at a Sydney lunch yesterday. Speaking at Anika Foundation Luncheon, Lowe said ...

NAB names new chief executive

JAMIE WILLIAMSON  |  FRIDAY, 19 JUL 2019
... will take over the top job no later than April 2020, the group announced today. McEwan has been chief executive of Royal Bank of Scotland (RBS) since 2013. He announced his resignation from that role in April and will commence with NAB once his obligations ...

APRA forced to overhaul culture, capabilities

KARREN VERGARA  |  WEDNESDAY, 17 JUL 2019
... in February to lead the panel, which comprises AGL Energy non-executive director Diane Smith-Gander and former Reserve Bank of New Zealand acting governor Grant Spencer. APRA appears to operate in a culture that is "unwilling to challenge itself, slow ...

Government reduces deeming rates

KARREN VERGARA  |  MONDAY, 15 JUL 2019
... managed investments, loans and debentures, listed shares and securities, and some income streams. In June, the Reserve Bank of Australia made the first round of rate cuts from 1.5% to 1.25%. It immediately followed with another cut in July, slashing ...

AMP Life sale blocked

JAMIE WILLIAMSON  |  MONDAY, 15 JUL 2019
... to proceed on the current terms do to challenges in meeting the condition precedent to obtain approval from the Reserve Bank of New Zealand (RBNZ). On July 13, Resolution Life informed AMP that the RBNZ would not consider Resolution Life's change ...

Chief economist update: Hard target

BENJAMIN ONG  |  WEDNESDAY, 10 JUL 2019
With business conditions and confidence like it is, the Reserve Bank of Australia (RBA)'s full employment target just got a little harder to meet. Recall that in his speech at the RBA board dinner with the business community on June 4 - the night ...

Chief economist update: Australia needs a cheaper A$

BENJAMIN ONG  |  TUESDAY, 9 JUL 2019
... interest rates by 50 bps from the current 2.25%-2.5% as early as its July FOMC meeting to just a 25bps reduction. The Reserve Bank of Australia (RBA) would have clicked "like" though. This is because rising Fed rate cut expectations have nullified its ...

Chief economist update: BOE flips tightening bias to easing

BENJAMIN ONG  |  MONDAY, 8 JUL 2019
... about the economic outlook have increased." These are, more or less, the same conditions that appear to have changed the Bank of England's (BOE) tightening bias. In his speech at the Local Government Association Annual Conference and Exhibition in ...

Chief economist update: The turn in Australia's cycle from vicious to virtuous

BENJAMIN ONG  |  FRIDAY, 5 JUL 2019
... unresolved issue of Brexit and Trump, among others. The domestic economy is none too good either - so much so the Reserve Bank of Australia (RBA) has had to deliver back-to-back reductions in the official cash rate from 1.5% to 1.25% (in June) and to ...

Suncorp named Bank of the Year

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUL 2019
Suncorp was named Bank of the Year at last night's Money Consumer Finance Awards. The 15th annual Money magazine Consumer Finance Awards were held in Sydney last night, recognising the best in banking and insurance. The awards aim to help Australians ...