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Showing 1341 - 1350 of 6147 results for "Money"

Westpac profits down on AUSTRAC fine

ANNABELLE DICKSON  |  MONDAY, 2 NOV 2020
... "disappointing" full year result with statutory profit down a staggering 66% as a result of the ongoing pandemic and its anti-money laundering fine. Statutory profit decreased $4.94 billion to$2.29 billion while cash earnings tumbled 62% to $2.6 billion ...

Insight Investment Australia grows team

ELIZABETH MCARTHUR  |  MONDAY, 2 NOV 2020
... Capital. Prior to his time at Principal, Ereira was manager, treasury sales for SMBC in Australia and had a role as dealer, money market and FX sales for Korea Exchange Bank based in London. "Ben is a great fit for our organisation. He has a strong track ...

Westpac settles two class actions

KARREN VERGARA  |  FRIDAY, 30 OCT 2020
Westpac has agreed to settle two separate class actions relating to anti-money laundering breaches and rate rigging initiated in the US for undisclosed amounts. The bank settled the action filed by Rosen Law Firm relating to its failure to monitor financial ...

ANZ sees profits plummet, plans to exit thermal coal

ANNABELLE DICKSON  |  THURSDAY, 29 OCT 2020
... bank was the impairment charge. "But the real COVID impact, if you will, was really restricted to the massive amount of money we've put aside to protect the bank from the potential for any future credit losses that may come if people really did get ...

ASFA proposes MySuper test

KARREN VERGARA  |  WEDNESDAY, 28 OCT 2020
... retirement compared with being in a higher performing fund," he said. Frydenberg estimates that about $100 billion of members' money is left in underperforming super products. ASFA chief executive Martin Fahy said Australia does not suffer from a shortage ...

ANZ flags earnings hit

ANNABELLE DICKSON  |  WEDNESDAY, 28 OCT 2020
... losses ahead of their full year results. Westpac flagged $1.2 billion of costs with $415 million after tax going towards anti-money laundering and counter-terrorism financing failures it owes in penalties and AUSTRAC's legal costs It also wrote down ...

Federal Court freezes investment scam, winds up SMSF operator

ANNABELLE DICKSON  |  TUESDAY, 27 OCT 2020
... its representatives held an AFSL and it was associated with ASIC and APRA when it did not. ASIC further alleges investor money has been dissipated. It is also alleged that Beresford established another business and website in September 2020 called Asset ...

Carlyle buys into Calastone, ups Link bid

KARREN VERGARA  |  TUESDAY, 27 OCT 2020
... drive yet more efficiency. At the same time, we have continued to expand internationally and created new opportunities in Money Market funds," he said. On October 23, the group and Pacific Equity Partners upped its bid price to acquire Link to $5.40 ...

Super fund execs accused of quasi-insider trading

ELIZABETH MCARTHUR  |  MONDAY, 26 OCT 2020
... Economics, Wilson suggested that some people working at super funds - perhaps privy to market sensitive information - moved money between options to benefit from the highs and lows of the ASX and the revaluation of unlisted assets. "Earlier this year ...

Westpac hit with $1.2bn of losses

KARREN VERGARA  |  MONDAY, 26 OCT 2020
... finance business and software write downs totalled $568 million after tax. Westpac increased its liabilities related to anti-money laundering and counter-terrorism financing failures it owes in penalties and AUSTRAC's legal costs from $404 million to ...