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Showing 1001 - 1010 of 13906 results for "State"

State Street receives Shariah-compliant certificate

MATTHEW WAI  |  FRIDAY, 16 AUG 2024
State Street Corporation now offers Shariah-compliant global custody and fund administration services. The announcement follows the company attaining a Shariah-compliant certificate from Amanie Advisors, a Shariah advisory firm. The Islamic finance ...

SEC seeks to shut down $450m Ponzi scheme

JAMIE WILLIAMSON  |  THURSDAY, 15 AUG 2024
The US regulator has filed charges over a $453 million Ponzi scheme that saw more than 2000 investors' retirement savings spent on luxury yachts, private jets and more. The Securities and Exchange Commission (SEC) obtained a preliminary injunction ...

Super performance test needs personal rate of return: Adviser

KARREN VERGARA  |  THURSDAY, 15 AUG 2024
APRA's annual superannuation performance test fails to consider results where it truly matters - at the member level - and ends up missing the mark on ensuring positive member outcomes, according to a financial advice expert advocating for better ...

What does the RBNZ rate cut mean to Australia?

MATTHEW WAI  |  THURSDAY, 15 AUG 2024
On Wednesday, the Reserve Bank of New Zealand (RBNZ) trimmed its interest rate by 25 basis points to 5.25% after holding a decades-high rate of 5.50% since May 2023. The central bank pointed to inflation converging to its target range as the core reason ...

ASX sued by ASIC for alleged misleading statements

ELIZA BAVIN  |  WEDNESDAY, 14 AUG 2024
... truth about how the project was tracking and whether it would be completed on time," Longo said. "We allege that the true state of affairs as at 10 February 2022 was that the project was not 'progressing well', contrary to ASX's announcement. "The delay ...

Future Group joins campaign to ban gambling ads

MICHELLE BALTAZAR  |  WEDNESDAY, 14 AUG 2024
... the same period a year ago due to weaker market conditions. However, there's a concerted effort from former heads of state, backbenchers and the Greens for a complete ban. Australians lose $25 billion each year to gambling, the highest per capita ...

State Street names president of investment services

ELIZA BAVIN  |  WEDNESDAY, 14 AUG 2024
State Street has announced Joerg Ambrosius, executive vice president and chief commercial officer, has been appointed president of Investment Services, State Street's largest business. Ambrosius brings more than 30 years of financial services experience ...

Custody assets exceed $5tn milestone

JAMIE WILLIAMSON  |  TUESDAY, 13 AUG 2024
... Morgan has retained its top spot on the rankings, growing its total assets under custody by 11% to $1.2 trillion. Meantime, State Street has climbed to second place with $834 billion, surpassing Citigroup's $818.95; they saw growth of 10.9% and 2.7% ...

Australia's safety nets 'stretched too thin': CALI

MATTHEW WAI  |  MONDAY, 12 AUG 2024
... higher living costs and increasing mental health issues, making reliable financial safety nets more important. The inaugural State of Australia's Safety Net report investigates the link between life insurance and the personal and financial wellbeing ...

Financial services experiencing 'workforce transformation'

ELIZA BAVIN  |  MONDAY, 12 AUG 2024
... with a focus on the opportunities they bring and the challenges they faced during COVID. "The industry's workforce is in a state of transformation as millennials continue to climb the ranks, stepping into leadership roles at greater rates, bringing with ...