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Top related persons:
Macquarie - 2 Sameer Manekar - 2 Janane - 2 Loren Elliott - 1 Marnie Baker - 1 news.com.au - 1 Baker - 1 Elon Musk - 1
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Adelaide Bank - 3 Macquarie - 2 Westpac Banking Corp - 2 ANZ Group Holdings - 2 CBA - 2 NAB - 2 Bank of Queensland - 2 Thomson - 2

Search resuls for: "Adelaide Bank"


3 mentions found


☆ Not much exciting about Aussie banks as high costs pressure earnings - Macquarie
  + stars: | 2023-09-22 | by ( ) www.reuters.com   time to read: +2 min
Australia's "Big Four" banks - among the top seven listed companies in the country - control 75% of the country's A$2 trillion mortgage market. That euphoria is now largely over as high living costs impact borrowers' capacity to repay loans. Macquarie, an investment bank with a small retail banking operation, said banks' cost bases are likely to remain under pressure as more than 70% of their expenses related to personnel. Macquarie added that it expects banks' expenses to grow by around 1% to 7% in fiscal 2023 through to fiscal 2025, with third-biggest lender Westpac Banking Corp (WBC.AX) seen being impacted more than its peers. The regional banks will remain disadvantaged in the current environment as they will have to continue to invest to keep up, Macquarie said, estimating up to 4% higher expenses than consensus.
Persons: Macquarie, Sameer Manekar, Janane Organizations: Macquarie, Westpac Banking Corp, ANZ Group Holdings, CBA, NAB, Adelaide Bank, Bank of Queensland, Thomson Locations: Bendigo, Bengaluru
☆ Not much exciting about Aussie banks as high costs pressure earnings, Macquarie says
  + stars: | 2023-09-22 | by ( ) www.reuters.com   time to read: +2 min
Australia's "Big Four" banks - among the top seven listed companies in the country - control 75% of the country's A$2 trillion mortgage market. That euphoria is now largely over as high living costs impact borrowers' capacity to repay loans. Macquarie, an investment bank with a small retail banking operation, said banks' cost bases are likely to remain under pressure as more than 70% of their expenses related to personnel. Macquarie added that it expects banks' expenses to grow by around 1% to 7% in fiscal 2023 through to fiscal 2025, with third-biggest lender Westpac Banking Corp (WBC.AX) seen being impacted more than its peers. The regional banks will remain disadvantaged in the current environment as they will have to continue to invest to keep up, Macquarie said, estimating up to 4% higher expenses than consensus.
Persons: Loren Elliott, Macquarie, Sameer Manekar, Janane Organizations: Central Business, REUTERS, Macquarie, Westpac Banking Corp, ANZ Group Holdings, CBA, NAB, Adelaide Bank, Bank of Queensland, Thomson Locations: Sydney, Australia, Bendigo, Bengaluru
☆ The CEO of a bank in Australia is getting slammed for ordering staff back to the office not for productivity — but for 'mental health'
  + stars: | 2023-08-24 | by ( Huileng Tan | ) www.businessinsider.com   time to read: +3 min
A regional bank CEO in Australia has ordered employees to return to the office more often. She said the return-to-office is for the employees' own "mental health" rather than for productivity. This is about our own mental health, this is about the fact that we are a relationship bank, and we talk about our relationships with our customers and communities," she said. Dimon even said employees can go work elsewhere if they don't like long commutes into the office. AdvertisementAdvertisementEven Goldman Sachs wants staffers to return to the office five days a week, upping the crackdown on working from home.
Persons: Marnie Baker, news.com.au, Baker, Elon Musk, Jamie Dimon, Marc Andreessen, Dimon, Musk, Goldman Sachs Organizations: Service, Adelaide Bank, SpaceX, JPMorgan, CNBC Locations: Australia, Wall, Silicon, Bendigo
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