Triple the number of high-income earners will be hit by the former Coalition government’s 2017 tax increase on superannuation, Labor says.AUD +0.6% to 66.97 US centsTesla -2.2% Apple -0.6% Amazon -1.1% First Republic -32.8%Brent crude -2.7% to $US72.69 a barrel10-year yield: US 3.43% Australia 3.39% Germany 2.10%The key market event this week will be the Federal Reserve’s two-day policy gathering starting on March 21 .
“But the financial turmoil probably takes a 50-basis point rate hike – which was broadly expected until recently – off the table. Not only would the steeper increase induce more financial instability, but recent economic data indicate that the rate hiking campaign over the past year may be biting deeper than expected a few weeks ago.”
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Potentia happy to wait at Tyro Payments while markets wobbleRuns on banks, markets in turmoil, financial system strained - good luck valuing an Australian payments company! ask peter twot… oh that’s right… his show got shit canned!!!
Source: FinancialReview - 🏆 2. / 90 Read more »
It's unclear if central banks can contain the international banking crisis, analysts warnAnalysts say the worldwide banking system is facing a crisis of confidence, with the international banking sector entering an uncertain period in the coming days. Confidence is what it's all about... Buy gold or silver.😉👍 . . That's what WAR is for. . .
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Regulatory protection for depositors at banks ‘necessary’ after Silicon Valley Bank runUniversity of Sydney Head of Business and Finance Prof. Eliza Wu says regulatory protection for depositors at banks is “necessary” as the traditional banking model indicates bank “runs” are likely to occur. “Regulatory protection is necessary because – the vulnerability with the traditional banking model with the maturity transformation they are engaged in with their unique role in our financial system is that there are likely to be runs,” Ms Wu told Sky News host Ross Greenwood. “Trust evaporates very quickly within financial systems and we’ve seen that happen over and over again – throughout history. “So then it’s important to have this base level of protection in place to ensure depositors feel sufficiently safe with parking their funds with banks so they are able to engage in this important function – throughout the economy.” is there not a $250k guarantee on deposits already or was that taken away? Bank runs!! 🤣 The banks have closed half the banks and ATMs. I guess we will have to transfer funds to Bitcoin BitcoinCash through internet banking!
Source: SkyNewsAust - 🏆 7. / 78 Read more »