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Showing 971 - 980 of 4303 results for "Bank of"

J.P. Morgan cuts management fees

KARREN VERGARA  |  TUESDAY, 4 JUN 2019
... Hallifax said too many investors are anchored in cash, leaving them stuck with low returns, while the likelihood the Reserve Bank of Australia cutting interest rates this year may further exacerbate the challenge for income-hungry investors. "We want ...

Chief economist update: The rate cut Australia has to have

BENJAMIN ONG  |  TUESDAY, 4 JUN 2019
Reserve Bank of Australia governor Philip Lowe is set to be remembered in history as the man who took Australia's official cash rate from a historic low of 1.5% - set under Glen Stevens one month before he stepped down as RBA head honcho in September ...

Bank appoints new chair

KANIKA SOOD  |  WEDNESDAY, 29 MAY 2019
Bank of Queensland has announced a new chairman elect, with the incumbent set to retire after six years in the role. Roger Davis will retire as chair following BOQ's full year results in October 2019 and will leave the board. BOQ has appointed Patrick ...

Major instos hit with cartel class action

ELIZABETH MCARTHUR  |  MONDAY, 27 MAY 2019
Maurice Blackburn today filed a class action in the Federal Court suing UBS, Barclays, Citibank, Royal Bank of Scotland and JP Morgan. The class action alleges the banks colluded to rig foreign exchange rates during a period between January 2008 and ...

Chief economist update: Like Britney Spears, Financial Standard's done it again

BENJAMIN ONG  |  THURSDAY, 23 MAY 2019
... plugging in Australia's growth and inflation parameters at the time. It took two months and a few days before Reserve Bank of Australia governor Philip Lowe came around to Financial Standard 's view, admitting as much, when he delivered his address ...

Chief economist update: RBA to take rates to fresh record low

BENJAMIN ONG  |  WEDNESDAY, 22 MAY 2019
Reserve Bank of Australia (RBA) governor Philip Lowe provided the clearest indication yet that the Australian central bank is poised to cut interest rates, potentially at its June 4 meeting. The transcript of Lowe's speech - titled 'The Economic ...

RBC I&TS Australia lead departs

JAMIE WILLIAMSON  |  TUESDAY, 21 MAY 2019
... experience in financial services, having held prior roles with J.P. Morgan Investor Services, Goldman Sachs and Royal Bank of Scotland. "He will provide senior oversight to ensure governance across RBC I&TS business and functions. Australia is a key ...

Chief economist update: Devilish details

BENJAMIN ONG  |  TUESDAY, 21 MAY 2019
It's still a month away, but when the policy board of the Bank of Japan (BOJ) meets to assess the state of the economy and its monetary policy response on 19-20 June, it could claim the economy is progressing as printed at its meeting in April. ...

Chief economist update: June RBA rate cut not a sure bet

BENJAMIN ONG  |  FRIDAY, 17 MAY 2019
The odds that the Reserve Bank of Australia (RBA) will cut interest rates to a new record low of 1.25% from the current all-time bottom of 1.5% when its Board meets on the first Tuesday of June intensified after the Australian Bureau of Statistics' ...

Chief economist update: Japan becomes collateral damage in US-China trade war

BENJAMIN ONG  |  WEDNESDAY, 15 MAY 2019
... the previous week, so much so it's year-to-date depreciation has turned into a 0.4% appreciation. The last time the Bank of Japan (BOJ) held its monetary policy meeting and decided to keep policy as they were on the April 25, the yen was trading ...