mnl168 vip Pressure is mounting on Australia's largest bank to scrap account changes that charge some customers to access their own cash. Login or signup to continue reading Blasted as greedy and out of touch, Commonwealth Bank will shift all customers with a "Complete Access" account to a "Smart Access" account, which includes an "assisted withdrawal fee". The $3 fee hits customers when they take cash out from bank branches, post offices or over the phone, but it does not include withdrawals from ATMs. Age, service and disability pensioners, customers aged under 18 and people with disabilities that require them to use branches will have the fee waived. But that has not stopped a pile-on from prominent politicians, who have urged the bank to reconsider the decision. "People understand there's some charges relating to banking transactions, but this seems pretty extraordinary to have a charge of this size for a simple transaction of going into a bank and withdrawing your own money," Finance Minister Katy Gallagher told Nine's Today program on Wednesday. Fellow Labor minister Clare O'Neil said the move was a "kick in the guts". "Everyone's had a bit of a tough year on the cost-of-living front ... come on guys, it's Christmas, we don't need this right now," she told Seven's Sunrise. The bank said its fees on the Smart Access account, its main transaction account, had not changed and it continued to offer withdrawal fee waivers for eligible customers. But Liberal senator Jane Hume said customers would vote with their feet and close their accounts - including herself. "I have a Commonwealth Bank account I've had since I was at university, I will be shutting it because of this decision," she said. "I don't know whether it's a Complete Access account or not (but) it's a bad decision and I will be shutting my account." Independent MP Monique Ryan said the move showed cash was under threat in Australia. The government recently announced proposed mandate for businesses like supermarkets, pharmacies and petrol stations that sell essential items to accept cash payments. About 94 per cent of businesses accept cash, but this is down from 99 per cent before the COVID-19 pandemic. Australian Associated Press DAILY Today's top stories curated by our news team. Also includes evening update. WEEKDAYS Grab a quick bite of today's latest news from around the region and the nation. WEEKLY The latest news, results & expert analysis. WEEKDAYS Catch up on the news of the day and unwind with great reading for your evening. WEEKLY Get the editor's insights: what's happening & why it matters. WEEKLY Love footy? We've got all the action covered. WEEKLY Every Saturday and Tuesday, explore destinations deals, tips & travel writing to transport you around the globe. WEEKLY Get the latest property and development news here. WEEKLY Going out or staying in? Find out what's on. WEEKDAYS Sharp. Close to the ground. Digging deep. Your weekday morning newsletter on national affairs, politics and more. WEEKLY Follow the Newcastle Knights in the NRL? Don't miss your weekly Knights update. TWICE WEEKLY Your essential national news digest: all the big issues on Wednesday and great reading every Saturday. WEEKLY Get news, reviews and expert insights every Thursday from CarExpert, ACM's exclusive motoring partner. TWICE WEEKLY Get real, Australia! Let the ACM network's editors and journalists bring you news and views from all over. AS IT HAPPENS Be the first to know when news breaks. DAILY Your digital replica of Today's Paper. Ready to read from 5am! DAILY Test your skills with interactive crosswords, sudoku & trivia. Fresh daily!Director General of Health Sues SNPF & the Samoa Observer

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TORONTO — Canada's main stock index lost nearly 250 points Thursday, led by weakness in energy and base metals, while U.S. markets also fell. The S&P/TSX composite index closed down 246.99 points at 25,410.71. In New York, the Dow Jones industrial average was down 234.44 points at 43,914.12. The S&P 500 index was down 32.94 points at 6,051.25, while the Nasdaq composite was down 132.05 points at 19,902.84. “I think the markets had some time to now digest where rates could be going into the near term,” said Adelaide Chiu, portfolio manager, vice-president and head of responsible investing at NEI Investments. On Wednesday, the Bank of Canada announced an outsized half-percentage point interest rate cut and signalled it would slow the pace of cuts going forward. “With the policy rate now substantially lower, we anticipate a more gradual approach to monetary policy if the economy evolves broadly as expected," said Bank of Canada governor Tiff Macklem. And in the U.S., the monthly report on consumer inflation came in largely as expected, helping set the stage for a quarter-point cut by the U.S. Federal Reserve next week. Globally, interest rate cuts are moderating as inflation reaches targets, Chiu said. On Thursday, the European Central Bank cut rates by a quarter of a percentage point while the Swiss National Bank cut by half a percentage point. A year ago, market watchers couldn’t have predicted just how much equities would rise in 2024, said Chiu. “Earnings growth itself has been quite modest, but the market has done very well,” she said. “It’s really a movement of the interest rates that has really impacted valuations for a lot of these companies in the market.” Now, the news is largely focused on the incoming U.S. president and whether his threatened tariffs will come to pass, Chiu said. The Canadian dollar traded for 70.48 cents US compared with 70.65 cents US on Wednesday. The January crude oil contract was down 27 cents at US$70.02 per barrel and the January natural gas contract was up eight cents at US$3.46 per mmBTU. The February gold contract was down US$47.30 at US$2,709.40 an ounce and the March copper contract was down a penny at US$4.20 a pound. -- With files from The Associated Press This report by The Canadian Press was first published Dec. 12, 2024. Companies in this story: (TSX:GSPTSE, TSX:CADUSD) Rosa Saba, The Canadian PressCostco Wholesale Corporation Reports First Quarter Fiscal Year 2025 Operating Results

Principal Financial Group Inc. raised its stake in shares of The Baldwin Insurance Group, Inc. ( NASDAQ:BRP – Free Report ) by 40.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 73,232 shares of the company’s stock after acquiring an additional 21,174 shares during the quarter. Principal Financial Group Inc. owned approximately 0.06% of The Baldwin Insurance Group worth $2,392,000 at the end of the most recent quarter. Other hedge funds also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC bought a new stake in shares of The Baldwin Insurance Group during the 1st quarter valued at about $207,000. Confluence Investment Management LLC raised its position in shares of The Baldwin Insurance Group by 178.6% during the 2nd quarter. Confluence Investment Management LLC now owns 345,789 shares of the company’s stock worth $12,265,000 after purchasing an additional 221,668 shares during the period. Moody National Bank Trust Division lifted its holdings in shares of The Baldwin Insurance Group by 6.3% in the 2nd quarter. Moody National Bank Trust Division now owns 7,420 shares of the company’s stock worth $263,000 after purchasing an additional 440 shares during the last quarter. Diversified Trust Co lifted its holdings in shares of The Baldwin Insurance Group by 11.2% in the 2nd quarter. Diversified Trust Co now owns 37,800 shares of the company’s stock worth $1,341,000 after purchasing an additional 3,800 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in The Baldwin Insurance Group during the 2nd quarter valued at approximately $5,177,000. 70.42% of the stock is owned by institutional investors and hedge funds. The Baldwin Insurance Group Stock Performance BRP stock opened at $47.83 on Friday. The stock’s fifty day moving average is $48.77 and its two-hundred day moving average is $41.95. The stock has a market capitalization of $5.62 billion, a price-to-earnings ratio of -51.99, a PEG ratio of 0.91 and a beta of 1.54. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.90 and a current ratio of 0.90. The Baldwin Insurance Group, Inc. has a 1 year low of $17.33 and a 1 year high of $33.03. About The Baldwin Insurance Group BRP Group, Inc operates as an independent insurance distribution firm that delivers insurance and risk management solutions in the United States. It operates through three segments: Insurance Advisory Solutions; Underwriting, Capacity & Technology Solutions; and Mainstreet Insurance Solutions. The Insurance Advisory Solutions segment provides commercial risk management, employee benefits, and private risk management solutions for businesses and high-net-worth individuals, as well as their families. Further Reading Five stocks we like better than The Baldwin Insurance Group What Is WallStreetBets and What Stocks Are They Targeting? Tesla Investors Continue to Profit From the Trump Trade CD Calculator: Certificate of Deposit Calculator MicroStrategy’s Stock Dip vs. Coinbase’s Potential Rally Profitably Trade Stocks at 52-Week Highs Netflix Ventures Into Live Sports, Driving Stock Momentum Want to see what other hedge funds are holding BRP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Baldwin Insurance Group, Inc. ( NASDAQ:BRP – Free Report ). Receive News & Ratings for The Baldwin Insurance Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Baldwin Insurance Group and related companies with MarketBeat.com's FREE daily email newsletter .

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