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Showing 1281 - 1290 of 6863 results for "CRED"

Issuers must lift DDO game: ASIC

CASSANDRA BALDINI  |  THURSDAY, 4 MAY 2023
The regulator issued a warning to investment product issuers after a review found woeful compliance in meeting the design and distribution obligations (DDO). Since last July, ASIC has placed interim stop orders on 26 investment products from 18 issuers ...

Jones calls for taxonomy to clarify greenwashing

RACHEL ALEMBAKIS  |  WEDNESDAY, 3 MAY 2023
Assistant treasurer and minister for financial services Stephen Jones said that without a sustainable finance taxonomy, regulators will only be able to catch the "most egregious" examples of greenwashing in Australia. Speaking at the Australian Council ...

MA Financial acquires US credit manager

CHLOE WALKER  |  TUESDAY, 2 MAY 2023
The listed fund manager is entering the US credit market through a buyout of New York asset manager Blue Elephant Capital Management (Blue Elephant). MA Financial is paying about $7.5 million for Blue Elephant, which was founded in 2013 and manages ...

JPMorgan acquires First Republic Bank

CASSANDRA BALDINI  |  TUESDAY, 2 MAY 2023
The embattled bank was closed by US regulators and sold to JPMorgan Chase, which will assume all its deposits and most of its assets. Californian authorities, alongside the Federal Deposit Insurance Corporation (FDIC), closed the doors to First Republic ...

Wingate launches third credit fund

KARREN VERGARA  |  MONDAY, 1 MAY 2023
The alternatives fund manager has launched its third credit fund to wholesale investors that invests in corporate debt opportunities in Australia and New Zealand. Wingate Corporate Credit Fund 3 (WCCF3) targets net pre-tax returns of over 10% per annum. ...

ASIC updates breach reporting guidelines

KARREN VERGARA  |  FRIDAY, 28 APR 2023
ASIC has updated breach reporting procedures in the hope that it can help reduce regulatory burdens for financial advisers. The corporate watchdog detailed several changes to Regulatory Guide 78 Breach reporting by AFS licensees and credit licensees ...

Citi names local chief executive

CHLOE WALKER  |  THURSDAY, 27 APR 2023
Citi has promoted interim country officer Mark Woodruff to the role of chief executive, Australia and head of Citi's Australia and New Zealand cluster. Woodruff, who has been with the bank for 20 years, has also previously served as head of markets ...

Morningstar downgrades PIMCO, Vanguard funds

JAMIE WILLIAMSON  |  THURSDAY, 27 APR 2023
Morningstar has downgraded four fixed income products following its annual fund manager review. As part of the 2022/23 review, Morningstar completed qualitative assessments of 72 fixed income strategies. As a result, four products were downgraded and ...

US platform bids for Yieldbroker

JAMIE WILLIAMSON  |  THURSDAY, 27 APR 2023
Local bond and derivatives trading platform Yieldbroker, which is 43% owned by the ASX, is in talks with a US counterpart over a potential sale. New York-based Tradeweb Markets is in advanced discussions to by Yieldbroker under an all-cash deal valued ...

Eildon rebuffs takeover bid

KARREN VERGARA  |  WEDNESDAY, 26 APR 2023
Eildon Capital this morning has rejected the "opportunistic" takeover bid by Samuel Terry Asset Management. ASX-listed Eildon (EDC) said Samuel Terry Asset Management's offer of 93 cents per share represented a 20.5% discount to its net asset value ...