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Showing 961 - 970 of 5945 results for "Banks"

Modest but meaningful growth on the horizon: Aviva

ELIZA BAVIN  |  TUESDAY, 7 JAN 2020
... tilted slightly to the downside. This, alongside the combination of steady growth and low inflation, means that central banks will likely retain an easing bias, even if the provision of any additional stimulus is limited." Michael Grady, Aviva head of ...

Industry digs deep amid bushfire crisis

ELIZABETH MCARTHUR  |  MONDAY, 6 JAN 2020
... firefighters however possible, as Australia is gripped by a bushfire crisis that has seen many lose their lives. The big banks were amongst the first businesses in the country to issue responses, with ANZ, Commonwealth Bank and National Australia Bank ...

ANZ overcharges 3.4 million customers

ALLY SELBY  |  THURSDAY, 19 DEC 2019
... thanks to Westpac's alleged money laundering breaches. "There has also been considerable shareholder interest in the role banks play in the prevention of financial crime," he said. "We take this role incredibly seriously and have been proactively reviewing ...

Market Forces takes aim at big banks

ELIZABETH MCARTHUR  |  THURSDAY, 19 DEC 2019
Controversial campaigner Market Forces have well and truly set its sights on Australia's big banks. After hitting Suncorp with a shareholder resolution in July, Market Forces has ramped up its efforts to influence Australia's largest financial institutions. ...

Chief economist update: Stock rally heralds 2020 cheer

BENJAMIN ONG  |  THURSDAY, 19 DEC 2019
... 14.3% this year to date, more than making up for 2018's 12.2% decline. The going got so tough, that the tough central banks got going. The Fed reversed its direction from normalising monetary policy to cutting the fed funds rate this year while maintaining ...

Tech to topple banking: RBA

ALLY SELBY  |  WEDNESDAY, 18 DEC 2019
Tech companies are poised to disrupt the dominant position of the big four banks on the financial system in the coming years. That's according to the RBA's head of financial stability Jonathan Kearns, who on Monday at the Australasian Finance and Banking ...

No joy in the advice world this Christmas

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 DEC 2019
... and sustainable industry. "Decades of constant reform has only served to reduce competition and pave the way for the big banks to dominate the financial services industry and were the architects of the damage uncovered by Hayne - they are now unwinding ...

Chief economist update: Oil's well that ends 2019 well

BENJAMIN ONG  |  WEDNESDAY, 18 DEC 2019
It may not seem like it, but crude oil prices appear on track to finish 2019 around 30% higher. This year to date, WTI oil has risen by 33.4% to US$60.21 per barrel while the price of Brent oil has rallied by 29.2%. To be sure, new production cuts that ...

Chief economist update: War is over

BENJAMIN ONG  |  TUESDAY, 17 DEC 2019
... (US$28.6 billion) worth of liquidity into China's financial system via its MLF (medium-term lending facility) loans to banks and the prior week's announcement reduction of the one-year MLF loans from 3.30% to 3.25% -- the first cut since 2016 ...

APRA joins in on Westpac scrutiny

ELIZA BAVIN  |  TUESDAY, 17 DEC 2019
... announced by APRA in July this year. The regulator said it will also initiate an extensive review program focused on the banks risk governance. "The review program will include risk management, accountability, remuneration and culture. An element of ...