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Showing 1 - 10 of 132 results for "National Bank"

UBS completes landmark Credit Suisse acquisition

ANDREW MCKEAN  |  TUESDAY, 13 JUN 2023
... Global Financial Crisis. UBS acquired the crisis-stricken Credit Suisse for US$3.2 billion, with support from Swiss National Bank and the Swiss Financial Market Supervisory Authority (FINMA). FINMA approved the merger because Credit Suisse was experiencing ...

Lowe reinforces more hikes may come

ANDREW MCKEAN  |  THURSDAY, 6 APR 2023
The Reserve Bank of Australia (RBA) hit pause on interest rate hikes this week, but RBA governor Phillip Lowe has told the National Press Club that doesn't mean they're off the table altogether. In an address, Lowe said the decision to hold ...

UBS throws $4.8bn lifeline to Credit Suisse

CASSANDRA BALDINI  |  MONDAY, 20 MAR 2023
UBS has agreed to acquire the embattled Credit Suisse for $4.8 billion. As part of the deal, the Swiss National Bank (SNB) will provide an additional $160 billion (CHF 100 billion)) in liquidity assistance to support the merge. UBS plans to appoint ...

ASX shifts slightly on Credit Suisse, First Republic

CASSANDRA BALDINI  |  FRIDAY, 17 MAR 2023
The ASX rebounded slightly this morning following the overnight bailouts of First Republic Bank and Credit Suisse, but has since remained unsteady. This mornings slight jump - 0.3% - was pretty modest, CommSec senior economist Ryan Felsman told Financial ...

Credit Suisse, oil prices see ASX fall: CommSec

CASSANDRA BALDINI  |  THURSDAY, 16 MAR 2023
... it pointed to some financial irregularities," he explained. What spooked markets following the report was Saudi National Bank, the biggest Credit Suisse lender, advising it wouldn't provide any financial assistance due to regulatory requirements. ...

US agencies act to prevent crisis

JAMIE WILLIAMSON  |  MONDAY, 13 MAR 2023
... and Innovation. The Federal Deposit Insurance Corporation was appointed receiver and created the Deposit Insurance National Bank of Santa Clara to protect insured depositors, transferring all insured deposits to the new entity immediately. Silicon Valley ...

Talaria appoints chief operating officer

ANDREW MCKEAN  |  MONDAY, 16 JAN 2023
... Wealth Management Project. Ninness has also held operational roles at Digecom Solutions, First Abu Dhabi Bank (FAB), National Bank of Abu Dhabi, Macquarie Group and Ord Minnett. Talaria chief executive Jamie Mead said Ninness brings invaluable knowledge ...

AMP swoops in on $112m student accom facility

CHLOE WALKER  |  THURSDAY, 15 DEC 2022
AMP Capital has purchased the newly developed 731-bed student accommodation facility from the Australian National University (ANU) for $112 million. The acquisition now makes AMP Capital Australia's largest investor in on-campus student accommodation ...

Fiducian acquires $1.1bn advice business

JAMIE WILLIAMSON  |  WEDNESDAY, 3 NOV 2021
Fiducian was the successful bidder for the $1.1 billion financial advice subsidiary of a national bank. People's Choice Credit Union (PCCU) has sold its financial advice business to the ASX-listed group, in a move that continues Fiducian's ambitious ...

Most ethical companies revealed

ELIZABETH MCARTHUR  |  THURSDAY, 25 FEB 2021
... Prudential, Cuna Mutual Group, Thrivent, TIAA, Voya, MassMutual, Pacific Life and Unum, BMO, Firth Third Bank, Old National Bank, Allianz, Aflac and US Bank. The only Australian company to make the list was Teachers Mutual Bank. There are some unexpected ...
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