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Showing 1 - 10 of 932 results for "Financial Institutions"

Macquarie Bank to pay $10m for unauthorised fee transactions

ELIZA BAVIN  |  MONDAY, 22 APR 2024
... fraud controls were increasingly important and the case against Macquarie has sent an important message to financial institutions and other financial service licensees that they must have appropriate controls in place. "While Macquarie implemented effective ...

The Aussie wealthtech firms that are 'most innovative'

ANDREW MCKEAN  |  TUESDAY, 16 APR 2024
... supportive view regarding digital advice in meeting government objectives. Internationally, it has five major financial institutions as clients in UK / Europe with customer reach of 200 million people. "Ignition's mission is to work with financial institutions ...

Citi Australia managing director takes on expanded remit

ANDREW MCKEAN  |  FRIDAY, 12 APR 2024
... Citi Australia has expanded the remit of managing director Nicki Ashton, appointing her as the head of financial institutions sales and solutions (FISS). In her new role, Ashton will provide strategic oversight of Citi's engagement and support for institutional ...

IMF flags concerns over 'risky' private credit market

ELIZA BAVIN  |  TUESDAY, 9 APR 2024
... assets and committed capital globally last year. The private credit market, which specialises in non-bank financial institutions such as investment funds lending to corporate borrowers, is now nearing market share equal to that of syndicated loans and ...

Threats outside the Australian financial system build: RBA

ANDREW MCKEAN  |  TUESDAY, 26 MAR 2024
... to the financial pressures experienced by domestic borrowers, and if this strains the balance sheets of financial institutions, it could limit access to credit in the Australian economy. Among the global risks, a further decline in the Chinese property ...

Half of super funds to close in coming decade: Mercer

JAMIE WILLIAMSON  |  FRIDAY, 15 MAR 2024
... sector has a few large participants and a handful of smaller, competitively differentiated banks and other financial institutions, such as building societies and credit unions, that have maintained long-term market position," Mercer principal and report ...

Sexism in the City: UK financial sector slammed

JAMIE WILLIAMSON  |  WEDNESDAY, 13 MAR 2024
... highlighted the gender bonus gap is much greater than the pay gap; in 2022-23 the gap in bonuses paid by some financial institutions was as large as 67.5%. It also said sexual harassment and bullying remains rampant, describing the lack of change as ...

Bitcoin hits fresh high as investors await halving event

ELIZA BAVIN  |  WEDNESDAY, 13 MAR 2024
... asset's inception. The latest price boost was underscored by an increased acceptance of Bitcoin by mainstream financial institutions with the UK's Financial Conduct Authority (FCA) approving crypto ETNs this week and spot Bitcoin ETFs being approved ...

Brite Advisors to be wound up

CHLOE WALKER  |  WEDNESDAY, 7 FEB 2024
The Federal Court has ordered Brite Advisors (Brite) to be wound up on just and equitable grounds following an application by ASIC. At a hearing yesterday, the Court appointed Linda Smith and Robert Kirman of McGrath Nicol as liquidators to Brite and ...

Greg Combet to succeed Peter Costello as Future Fund chair

ANDREW MCKEAN  |  MONDAY, 29 JAN 2024
... strong track record of appointing women to senior roles in Australia's most important economic and financial institutions," Chalmers said. Chalmers added that he and minister for finance Katy Gallagher dedicated considerable time, thought, and consultation ...
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