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Showing 1211 - 1220 of 4167 results for "Action"

Kin Group bids to takeover McPherson's

ELIZABETH MCARTHUR  |  FRIDAY, 26 MAR 2021
... Group is the family office established by Raphael and Fiona Geminder. McPherson's recommended shareholders take no action on the offer. "The board of MCP considers this offer to be utterly opportunistic and profoundly undervalues MCP. The board recommends ...

Westpac considering NZ demerger

ANNABELLE DICKSON  |  THURSDAY, 25 MAR 2021
Westpac has revealed it is in the early stages of reviewing the feasibility of its 160-year-old New Zealand division as capital requirements ramp up. Westpac noted the NZ business continues to perform well but the regulatory requirements in New Zealand ...

ASIC okay with virtual AGMs

KANIKA SOOD  |  WEDNESDAY, 24 MAR 2021
The corporate regulator will take a "no action" position on companies holding their annual general meetings via videoconferencing as the COVID protections lapse. ASIC's no action position will: support the holding of meetings using appropriate technology ...

Mayfair found to have misled

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 MAR 2021
ASIC's court action against Mayfair 101 has been successful, with the Federal Court finding its advertisements for debenture products were misleading. The court found Mayfair Wealth Partners trading as Mayfair Platinum, Online Investments trading as ...

RBNZ puts Westpac on notice

ANNABELLE DICKSON  |  WEDNESDAY, 24 MAR 2021
... and board members and incorporate outcomes into remuneration decisions. In addition, the prudential regulator launched action against the bank over material breaches of liquidity standards relating to incorrect treatment of specific funding and loan ...

Chief economist update: Powell said, Yellen said

BENJAMIN ONG  |  WEDNESDAY, 24 MAR 2021
... is much improved. While the economic fallout has been real and widespread, the worst was avoided by swift and vigorous action-from Congress and the Federal Reserve, from across government and cities and towns, and from individuals, communities, and the ...

ASIC praises super trustees

ELIZA BAVIN  |  TUESDAY, 23 MAR 2021
... surveillance for intra-fund advice covered 27 trustees, with 11 indicating they intended to rely on ASIC's temporary no-action position. It said the surveillance found that actual instances of advice provided under the no-action position were very limited. ...

AFCA left toothless on Mayfair complaints

ELIZABETH MCARTHUR  |  MONDAY, 22 MAR 2021
... court proceedings, ASIC suggested this model was not far from a Ponzi scheme. ASIC could not comment on this issue as its action against Mayfair is ongoing. Consumer Action Law Centre chief executive Gerard Brody said AFCA could still hear some complaints ...

ANZ, CBA settle class action

ANNABELLE DICKSON  |  MONDAY, 22 MAR 2021
ANZ and Commonwealth Bank (CBA) have both reached an agreement to settle a class action in the US related to the trading of bank bill swap (BBSW) products in 2016. The class action commenced in 2016 in the United States District Court for the Southern ...

Chief economist update: The do-nothing Fed

BENJAMIN ONG  |  THURSDAY, 18 MAR 2021
Ho-hum. So much for speculations over the Fed's thoughts and actions, Powell and Co. did what financial markets expected - nothing - at their 16-17 March FOMC meeting. "The Committee decided to keep the target range for the federal funds rate at ...