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12 May 2023 • By Charbel Kadib • 1 min read

US banks face new multibillion-dollar hit to bottom line

Banks benefiting from uninsured deposits could bear the burden of a new regulatory levy, set to deliver a two-year blow to earnings. The Federal ...

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Airwallex swoops in as Amex bows out of Australian FX market

The fintech is looking to capitalise on a void in the foreign exchange services market off the back of American Express’ decision to cease operations ...

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Share market gains push Aussie ETFs to record FUM

The local ETF industry has had yet another record-setting month. The funds under management (FUM) of Australia’s ETF industry rose 2.4 per cent or ...

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US inflation still ‘hot’ but rate pause imminent

Cost pressures intensified over the past month in the United States, according to the latest data, but this won’t dissuade the Fed from halting its ...

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‘Give me a banking crisis’: CEO loves market chaos

EXCLUSIVE The American CEO of an ASX-listed global equities fund says the Federal Reserve has created a banking crisis that is far from over

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Share buybacks surge to record $1.31tn

Global share buybacks have jumped to a new record high, almost matching dividend levels in 2022. According to the Janus Henderson Global Dividend ...

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NAB ‘worried’, fears more rate hikes

The major bank is expecting a sharper economic slowdown than projected in the government’s latest budget, but this may not stop the Reserve Bank from ...

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‘More pain to come’ for REITs, warns CIO

EXCLUSIVE One of Australia’s most experienced investment managers believes the challenges in the commercial property market are yet to be fully priced ...

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Fed data flags ‘toxic’ deterioration in lending conditions

Tighter lending standards and a “dry up” in credit demand characterise the Federal Reserve’s latest bank lending analysis, suggesting “recessionary ...

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Datt Capital to target alpha with small cap launch

Boutique equity investment manager Datt Capital has announced plans to introduce a small cap fund. Datt Capital said that the market is well placed ...

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