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Showing 71 - 80 of 2413 results for "Loan"

Advisers lacking PII sidestep AFCA rulings

KARREN VERGARA  |  FRIDAY, 28 JUL 2023
... months. Complaints involving financial difficulty rose by 9% year on year to 4849. These shot up 31% in the June quarter. Home loan complaints rose 10% annually but grew 19% quarter on quarter. Credit card complaints rose 15% year on year and more than ...

KKR real estate arm reports $30m loss

CASSANDRA BALDINI  |  TUESDAY, 25 JUL 2023
... on the corporate revolving credit agreement. It funded $177.2 million for loans closed in previous quarters and received loan repayments of $339.3 million, making the current loan portfolio $7.8 billion. The share price of KREF at last night's close ...

Further tightening of monetary policy may be required: RBA

CASSANDRA BALDINI  |  TUESDAY, 18 JUL 2023
The Reserve Bank of Australia (RBA) said the decision to maintain the cash rate at 4.1% was finely balanced with a consideration to hike another 25 basis points. In the July 4 minutes, released this morning, the RBA explained inflation in Australia ...

iPartners launches property credit fund

KARREN VERGARA  |  THURSDAY, 6 JUL 2023
The alternatives fund manager has launched a strategy to wholesale investors that targets secured real estate loans located in Australia and New Zealand. iPartners' Property Credit Fund is capped at a $50 million raise before first close, with iPartners ...

Bentham opens fund to retail investors

CHLOE WALKER  |  TUESDAY, 4 JUL 2023
The Bentham Global Opportunities Fund is now available to retail investors for a minimum of $10,000. Launched over six years ago, the fund invests in a multi-sector global portfolio of credit securities, including global high-yield bonds, global syndicated ...

TelstraSuper introduces new option, drops premiums

JAMIE WILLIAMSON  |  MONDAY, 26 JUN 2023
TelstraSuper is making changes to its investment menu, while also decreasing income protection premiums for members. The $25 billion corporate fund is introducing a new option for accumulation and TTR members from next month, the Moderate investment ...

Macquarie shifts toward AI-first banking

CASSANDRA BALDINI  |  WEDNESDAY, 21 JUN 2023
... categorisation technology and cashflow prediction features. Transfer prediction, process automation and further enhancements of loan application and payment fraud detection will also be available. "Macquarie will also work with Google Cloud to embed ...

Epsilon launches second Australian fund

CASSANDRA BALDINI  |  THURSDAY, 15 JUN 2023
... launched its second corporate direct lending fund with the backing of a multi-family office. The Epsilon Direct Lending Senior Loan Fund leans into growing investor demand for Australian conservative private credit strategies. "That can deliver consistent ...

Former Big Un executive smacked with insider trading charge

ANDREW MCKEAN  |  WEDNESDAY, 14 JUN 2023
Andrew Corner, the former chief financial officer of defunct Australian tech company Big Un, has been charged with insider trading. In 2018, Big Un experienced a spectacular surge before allegations surfaced that it was paying commissions to a financial ...

Suncorp wage scandal comes to a head

ANDREW MCKEAN  |  FRIDAY, 9 JUN 2023
Suncorp has signed an Enforceable Undertaking with the Fair Work Ombudsman and reimbursed its staff with a back-payment of $32 million, inclusive of interest and superannuation. Suncorp underpaid nearly 16,000 employees between May 2014 and March 2022. ...