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Showing 1351 - 1360 of 6020 results for "Credit"

ASIC launches remediation review

KARREN VERGARA  |  WEDNESDAY, 17 NOV 2021
... dispute resolutions, and the Design and Distribution Obligations. The proposed measures will expand to financial services and credit licensees, and retirement service providers. "The draft guidance is comprehensive and makes allowance for licensees to ...

Link allows BCM due diligence

ANNABELLE DICKSON  |  WEDNESDAY, 17 NOV 2021
... Pepper European Servicing with exclusive due diligence information following the takeover offer for Link's Banking and Credit Management (BCM) business. The PES syndicate has been given exclusive due diligence in relation to BCM on an exclusive basis ...

ASIC files contempt application against Mawhinney

ELIZABETH MCARTHUR  |  TUESDAY, 16 NOV 2021
... interests of our investors." The statement from Mayfair 101 said funds were being sourced from private lenders to extend credit to the group to facilitate the recapitalisation. It also said there were plans to launch its business model "outside the Australian ...

Pallas launches debt facility

KARREN VERGARA  |  TUESDAY, 16 NOV 2021
Pallas Capital launched a new trust that provides loans to the commercial real estate sector. Backed by Pallas and Credit Suisse, the Pallas Funding Trust lends between $1 million and $10 million to medium-sized commercial real estate borrowers. The ...

NZ Super Fund names head of portfolio investments

ANNABELLE DICKSON  |  TUESDAY, 16 NOV 2021
... portfolio investments role. Pablo Sosa will be responsible for leading the portfolio investments team and driving the tactical credit opportunities mandate. Sosa joined the NZ Super Fund in 2008 as a performance analyst and management accountant and ...

Portfolio holdings disclosure a failure: Morningstar

ELIZABETH MCARTHUR  |  MONDAY, 15 NOV 2021
... so opaque it makes the disclosures meaningless as simply listing the issuer of a bond tells investors nothing about its credit quality and interest-rate risk. Super funds investing in external bond funds will only have to disclose the name of the fund ...

Metrics Credit Partners acquires

ELIZABETH MCARTHUR  |  FRIDAY, 12 NOV 2021
Metrics Credit Partners has acquired a small and medium-sized enterprise business lending specialist. Metrics has acquired SME lender Bigstone Finance. Metrics managing partner Andrew Lockhart said the addition of the Bigstone team to the funding capability ...

European syndicate bids for Link subsidiary

KARREN VERGARA  |  FRIDAY, 12 NOV 2021
A syndicate led by a global financial services firm is offering to buy Link Group's banking and credit management arm for $87 million. Pepper European Servicing (not part of ASX-listed Pepper Money) and a group of firms offered €55m ($86.5m) for ...

NAB posts bumper profit

ANNABELLE DICKSON  |  TUESDAY, 9 NOV 2021
... and Institutional Banking recorded a 14.8% drop in cash earnings to $1.2 billion due to lower market income and higher credit impairment charges. "Our results this year demonstrate we have navigated a challenging environment while delivering better experiences ...

Mirae Asset Global Investments adds to team

ANNABELLE DICKSON  |  MONDAY, 8 NOV 2021
The $284 billion South Korean asset manager has made two appointments as it grows its local presence. Olya Zenchenko joins Mirae Asset as marketing manager and Rose Nguyen as an alternative fund analyst. Zenchenko was previously digital marketing manager ...