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Showing 1231 - 1240 of 17952 results for "Bank"

Caddick SMSF clients should recoup all funds: Lawyer

KARREN VERGARA  |  FRIDAY, 15 DEC 2023
... them." Many of Caddick's clients, which included non-SMSF clients, were given fake CommSec statements with Commonwealth Bank logos showing the shares she claimed to have invested in on their behalf. "Those documents have been shown by the receivers ...

Global fund managers welcome chief executives

CHLOE WALKER  |  FRIDAY, 15 DEC 2023
Edward M. "Ted" Maloney is set to become chief executive of MFS Investment Management (MFS), while Philippe Setbon has been appointed as chief executive of Natixis Investment Managers (Natixis). Maloney will succeed MFS's current chief executive Michael ...

NAB, Jarden to launch NZ wealth business

CHLOE WALKER  |  THURSDAY, 14 DEC 2023
National Australia Bank (NAB) and Jarden Wealth (Jarden) will combine their New Zealand wealth advice and asset management businesses into a newly formed entity, FirstCape. The new advice and asset management firm, based in New Zealand, will be formed ...

Government reports improved fiscal outlook

ANDREW MCKEAN  |  WEDNESDAY, 13 DEC 2023
The federal government has released its 2023-24 Mid-Year Economic and Fiscal Outlook (MYEFO), revealing a deficit reduction of $1.1 billion, an improvement of $12.8 billion from earlier projections. Since the last election, the government has identified ...

Mild recession in 2024, higher interest rates: Vanguard

KARREN VERGARA  |  WEDNESDAY, 13 DEC 2023
Vanguard predicts that developed countries will grapple with "mild recessions" in 2024 as they manage a "higher-for-longer" interest rate environment. The global fund manager warned in its A return to sound money report that interest rates will remain ...

Agricultural sector in for a mixed 2024: Outlook

JAMIE WILLIAMSON  |  WEDNESDAY, 13 DEC 2023
... fruitful. Trade conditions have improved throughout the second half of this year, and this is expected to continue in 2024, Rural Bank's Australian agriculture outlook 2024 said, with the markets positive further tariffs and trade bans on beef, wine ...

UK to overhaul advice affordability, access

KARREN VERGARA  |  TUESDAY, 12 DEC 2023
... 'advice gap' is excluding people with modest investments, who are looking for support that doesn't break the bank," he said. "This just isn't good enough - we have long needed a middle ground that is affordable and accessible. The policy ...

Local housing market to reach inflection point: Research

CHLOE WALKER  |  TUESDAY, 12 DEC 2023
... limitations in the residential construction industry are starting to ease up, profit margins continue to remain low. The bank believes that increasing the housing supply next year will be challenging. Additionally, the growth of housing values is expected ...

Dexus finds next chief executive

CHLOE WALKER  |  MONDAY, 11 DEC 2023
... Australia and abroad. Before joining Dexus in 2012, he served as head of strategy and corporate transactions at the Commonwealth Bank. Steinberg, who also joined Dexus in 2012, will continue as chief executive until Du Vernet's start date to ensure a ...

ANZ fined $900k over shares disclosure failure

CHLOE WALKER  |  MONDAY, 11 DEC 2023
... wasn't material, but Federal Court Justice Moshinsky rejected this, stating that the underwriters, being Citi, Deutsche Bank, and JPMorgan, would absorb the shortfall. Justice Moshinsky said that if the information had been disclosed by ANZ, persons ...