. He formerly worked at Murray Goulburn as head of strategy and investor relations, and at Citi and Deutsche Bank, and was charged with overseeing BoA’s Melbourne-based bankers last year.
BoA named 87 new managing directors from its corporate and investment banking unit globally last week.co-edits Street Talk, specialising in private equity, investment banking, M&A and equity capital markets. He has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.
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US Federal Reserve Bank to make first decision for interest rates for 2023The US Federal Reserve Bank will make its first decision on interest rates for 2023 after a 32-year high for inflation. “The Fed makes its first decision for 2023,” says Sky News Business Editor Ross Greenwood. “Australia’s Reserve Bank will make its first decision next week, of course, after that inflation rate last week. “All expectations are that the Reserve Bank here will continue to raise interest rates. “In the United States, the real speculation now is that after having had a series of half per cent rate rises, they’ll temper these back down to a quarter of a per cent rate rises but will continue to raise rates.” Is this before or after they give Ukraine more of American tax payer dollars?
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Deutsche Bank says cash rate will hit 4.1pcDeutsche Bank’s Philip O’Donaghoe said with inflation stronger than expected, the Reserve Bank needed to go harder, predicting a peak cash rate of 4.1 per cent. Lol. Well if it gets to 4.1% then hard landing here we come, unless significant migration mitigates the slow down in the economy It's going higher than 4.1 otherwise wages gotta rise at rates higher than inflation. So this bloke wants to inflict interest rate pain on those that aren’t causing inflation. Wasn’t Deutsche fined $9.5 billion for its role in the GFC?
Source: FinancialReview - 🏆 2. / 90 Read more »
Deutsche Bank predicts four more interest rate risesDeutsche Bank Australia is predicting the Reserve Bank will raise interest rates four more times between now and August. The bank's Chief Economist Phil O'Donaghoe is forecasting a quarter of a per cent rate rises in February, March, May and August, which would take the official cash rate to 4.1 per cent. He is also predicting the unemployment rate to rise from 3.5 to 4.5 per cent by this time next year, which would see 100,000 workers out of a job. Sky News needs more Rowan Dean on weeknights. Bring him back.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
A mysterious Adderall shortage reveals how America fails ADHD patientsPatients are struggling to obtain essential medications after an early-pandemic healthcare transformation
Source: GuardianAus - 🏆 1. / 98 Read more »
Top bankers in Asia see pay cuts of 50pc after drought in dealsManaging directors at Goldman Sachs, Morgan Stanley and Bank of America have seen their total compensation drop by 40 per cent to 50 per cent.
Source: FinancialReview - 🏆 2. / 90 Read more »
‘We will figure out how to fire you’: how corporate America is hitting back against unionsEmployers are using heavy-handed tactics to prevent workers from organizing, and US labor union density is falling as a result Yeah well the unions swing back and forth between communism and non existence . If you make it impossible to fire people irrespective of their performance, you just increase unemployment, because the risk of a hiring mistake is too great. Freedom... but not THAT much freedom. You can wiggle under the thumb, but don't try to escape it...
Source: GuardianAus - 🏆 1. / 98 Read more »