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Showing 1 - 10 of 185 results for "US Bank"

Mercer Super recruits growth lead

ELIZABETH FRY  |  TUESDAY, 2 APR 2024
A senior J.P. Morgan sales executive and relationship manager has joined Mercer Super Trust as its growth lead. In the new role, Stuart Raynes will support the super fund's growing corporate super and clients business. "Stuart's appointment ...

ASIC fines fintech for misrepresenting crypto product

CASSANDRA BALDINI  |  WEDNESDAY, 27 SEP 2023
Local fintech Bobbob has paid $53,280 to resolve infringement notices issued in response to misleading claims it made about a crypto-asset linked investment product. Over an eight-month period, a product known as the Savings Product was offered, attracting ...

FinClear buys cash investment platform

JAMIE WILLIAMSON  |  TUESDAY, 1 AUG 2023
Adding to its growing suite of services, FinClear acquired Transact1, a cash investment solution used by both wholesale and institutional investors. FinClear said it is capitalising on growing demand for cash investment products, saying Transact1 positions ...

ASIC cancels FTX Australia's licence

CASSANDRA BALDINI  |  WEDNESDAY, 19 JUL 2023
ASIC has cancelled the Australian financial services licence of embattled crypto company FTX. The regulator explained that until 12 July 2024 the company may provide limited financial services that relate to the termination of existing derivatives with ...

US recession possible, but recovery would be strong: Capital Group

CHLOE WALKER  |  THURSDAY, 22 JUN 2023
Despite an eventful first half of the year, the US economy has been surprisingly resilient, according to Capital Group economist Robert Lind. Addressing the audience at Capital Group's global mid-year investor outlook presentation, Lind said this is ...

UBS completes landmark Credit Suisse acquisition

ANDREW MCKEAN  |  TUESDAY, 13 JUN 2023
Wealth management powerhouse UBS has completed its acquisition of Credit Suisse, marking the end of the largest banking deal since the 2008 Global Financial Crisis. UBS acquired the crisis-stricken Credit Suisse for US$3.2 billion, with support from ...

US default risk: Are credit default swaps signalling trouble?

ANDREW MCKEAN  |  WEDNESDAY, 17 MAY 2023
A Western Asset product specialist says rising credit default swap (CDS) spreads have sparked concerns. However, he downplayed the risk of a US default, calling it a "very low probability event". Robert Abad recalled the sole instance of a "technical" ...

JPMorgan acquires First Republic Bank

CASSANDRA BALDINI  |  TUESDAY, 2 MAY 2023
... have full access to all their deposits, the FDIC said. The failure of First Republic, previously ranked the 14th largest US bank, is the second largest bank failure in the nation's history. Its demise marks the third bank collapse this year and the ...

JPMorgan among banks to bid in First Republic sale

CASSANDRA BALDINI  |  MONDAY, 1 MAY 2023
... the Fed, yet core issues were not resolved, and stronger oversight was not put in place. As it works hard to stop the US bank run contagion, it explained a focus going forward will be tougher regulation. "Our first area of focus will be to improve the ...

$100bn withdrawal triggers First Republic stock plunge

ANDREW MCKEAN  |  WEDNESDAY, 26 APR 2023
... expenses and short-term borrowings." Banking sector turmoil began with the collapse of Silicon Valley Bank, the largest US bank failure since Washington Mutual in 2008, and then continued with the failure of New York Signature Bank. Previously, JBWere ...
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