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Showing 21 - 30 of 2413 results for "Loan"

Interest rates drive adviser conversations in 2024

KARREN VERGARA  |  THURSDAY, 25 JAN 2024
... survey by finance comparison site Mozo reveals that one in six Australians fork out 40% to 60% of their monthly income on home loan repayments. Nearly 40% of the 2100 mortgage holders surveyed said they struggle to make up the shortfall worth hundreds ...

ME Bank fined $820k for misleading borrowers

CHLOE WALKER  |  MONDAY, 22 JAN 2024
... Public Prosecutions, followed an investigation and referral by ASIC. The regulator found the bank sent 589 letters to home loan customers between 25 May 2018 and 3 September 2018, informing them of incorrect minimum repayment amounts to be paid after ...

Legalsuper investment strategy lead departs

ELIZABETH FRY  |  FRIDAY, 19 JAN 2024
... "refreshing chapter" in her career. Rajomon recently helped fund Brisbane lending fintech WLTH's acquisition of home loan manager Mortgage Mart. Chief executive Glenn Fowles called Trusler a perfect fit for the firm. Fowles said she brings fantastic ...

Finnfund names chief investment officer

CHLOE WALKER  |  WEDNESDAY, 17 JAN 2024
Hanna Loikkanen will become chief investment officer of Finland's state-owned development financier and impact investor. Loikkanen, a seasoned financial services executive with over 30 years of experience, has been on the fund's board since May 2020. ...

Court fines Linchpin, Endeavour directors

KARREN VERGARA  |  THURSDAY, 11 JAN 2024
... Investport Income Opportunity Fund for their personal use. Daly received loans totalling $130,000 while Raftery took a $40,000 loan. The money was also used to make loans to then-subsidiary Beacon Financial Group. All four were banned from providing ...

Investors livid over fresh portfolio valuation: Mayfair 101

JAMIE WILLIAMSON  |  WEDNESDAY, 10 JAN 2024
... bridging lender, Naplend, will likely collect about $23 million in interest, fees and expenses on top of a $14.2 million loan facility from the sale of properties ASIC deemed speculative and high risk. McGrathNicol is estimated to receive about $3.5 ...

ASIC extends intervention orders against predatory lenders

CHLOE WALKER  |  MONDAY, 8 JAN 2024
ASIC has prolonged its product intervention orders for short-term and continuing credit contracts in a bid to protect vulnerable retail investors. The orders, which were first implemented in July 2022, will now be extended until 1 October 2032, or until ...

Court finds Canna Campbell infringed trademark

KARREN VERGARA  |  MONDAY, 8 JAN 2024
Financial adviser and finfluencer Canna Campbell was found guilty of infringing the trademark "Financial Foreplay" in her podcasts. The Federal Circuit and Family Court of Australia determined that the founder of SugarMamma TV and SASS Financial used ...

ASIC takes action on EverBlu, director

KARREN VERGARA  |  MONDAY, 18 DEC 2023
ASIC commenced civil penalty proceedings against Adam Blumenthal, the director of investment bank EverBlu Capital, for alleged market rigging and failing in his duties as a director to manage conflicts of interest. The case will also look at Blumenthal's ...

AustralianSuper supersizes Churchill Asset Management mandate

ANDREW MCKEAN  |  WEDNESDAY, 13 DEC 2023
... history, and we are pleased to provide AustralianSuper differentiated access to our directly originated, proprietary senior loan assets." AustralianSuper, which manages over A$7 billion in private credit globally, hopes to triple its exposure to the ...