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Showing 91 - 100 of 503 results for "ARC"

Bernie Madoff dies in prison

ELIZABETH MCARTHUR  |  THURSDAY, 15 APR 2021
The architect of the largest Ponzi scheme in US history has died in prison aged 82. Bernie Madoff had been serving his sentence at FMC Butner, an administrative security federal medical centre for male offenders located in North Carolina, at the time ...

State Street tech to back crypto trading platform

JAMIE WILLIAMSON  |  FRIDAY, 9 APR 2021
The asset manager is partnering with a start-up to build a new platform for institutional investors to trade digital currencies. State Street's Currenex business is working with Puremarkets and will provide the trading infrastructure for its Pure ...

Credit Suisse confirms multibillion-dollar loss

JAMIE WILLIAMSON  |  WEDNESDAY, 7 APR 2021
Credit Suisse has announced the departure of several senior staff members while confirming a $6.13 billion loss, reportedly linked to the collapse of family office Archegos Capital. Credit Suisse said it expects to incur a pre-tax Q1 loss of $1.25 billion ...

Super assets hit record high

KARREN VERGARA  |  WEDNESDAY, 3 MAR 2021
... accounts are a drag on the system. Australians can be reassured that the Morrison government is determined to continue our arc of reform ensuring the superannuation system is working harder for all Australians," Hume said. Despite the fact that about ...

CFOs gain clout in ESG metrics

KANIKA SOOD  |  THURSDAY, 25 FEB 2021
Many companies are housing the ultimate responsibility for ESG with their chief financial officers, says a new report from Accenture. Accenture interviewed about 1517 finance leaders including chief financial officers from around the globe for the seventh ...

CountPlus profit down 53%

ANNABELLE DICKSON  |  TUESDAY, 23 FEB 2021
The ASX-listed advice and accounting group posted a significant drop in net profit from $11.9 million to $5.5 million in its half-year results. Released today, the results also show adjusted net profit attributable to shareholders jumped 65% to $4.1 ...

BNY to launch crypto admin platform

KARREN VERGARA  |  FRIDAY, 12 FEB 2021
BNY Mellon will establish a new asset servicing unit that will cater to the growing demand for digital assets such as cryptocurrency. The digital assets unit, which will be led by Mike Demissie as head of advanced solutions, is currently developing ...

Northern Trust boosts whole office strategy

ANNABELLE DICKSON  |  TUESDAY, 9 FEB 2021
Northern Trust has partnered with a multi-asset class investment management platform to streamline its front-to-back office operations offering for asset managers. The alliance will integrate IHS Markit's thinkFolio with Northern Trust's middle office ...

Centrepoint to roll out advice tech

ANNABELLE DICKSON  |  MONDAY, 8 FEB 2021
Centrepoint Alliance has formed an agreement with UK-based financial advice technology provider Intelliflo to distribute the service across the Australian market. The ASX-listed advice group's adviser network will be some of the first in Australia to ...

Iron Man launches VC funds

KARREN VERGARA  |  TUESDAY, 2 FEB 2021
Actor Robert Downey Jr has launched two venture capital funds that invest in technological solutions that tackle environmental challenges. FootPrint Coalition Ventures comprises two funds - an early-stage Series A and late-stage Series B - led by Downey ...