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Showing 121 - 130 of 1877 results for "Lendi"

Westpac profits drop as it prepares for leadership change

ELIZA BAVIN  |  MONDAY, 4 NOV 2024
Westpac posted a 3% fall in net profit to $7 billion, while unveiling a final dividend of 76 cents for the half and a $1 billion increase to the existing share buyback programme. "Our disciplined performance in FY24 has set Westpac up for growth and ...

Non-bank lender sued for dodging Credit Code

JAMIE WILLIAMSON  |  THURSDAY, 31 OCT 2024
The corporate regulator is suing Oak Capital, alleging it deliberately circumvented the National Credit Code by writing loans to companies it knew were for individuals before repossessing their homes when they couldn't repay. Oak Capital is a private ...

Barings brings first Australian private credit fund to life

JAMIE WILLIAMSON  |  THURSDAY, 31 OCT 2024
An unnamed global investor is seeding Barings' first Australian private credit vehicle, committing more than $230 million. Barings has launched two APAC credit funds, including the Barings Australian Private Credit Fund. The fund is for institutional ...

Citi Australia snags J.P. Morgan executive

MATTHEW WAI  |  WEDNESDAY, 23 OCT 2024
Citi Australia has appointed Elizabeth McAlpine as chief risk officer and head of corporate credit risk. McAlpine has over two decades of experience in risk management and corporate banking. She enjoyed a 20-year stint at J.P. Morgan, where she was ...

Dinimus appoints new head of distribution

ANDREW MCKEAN  |  TUESDAY, 22 OCT 2024
Private credit fund manager Dinimus has filled its newly created head of distribution role. The firm, which is focused on corporate lending in Australia and New Zealand, has hired Nigel Credlin, who most recently served as a partner and wealth advisory ...

ECB drops interest rates to 3.25%

KARREN VERGARA  |  FRIDAY, 18 OCT 2024
The European Central Bank (ECB) has lowered interest rates for the third time this year by 25 basis points to 3.25%. The decision affects three key areas: the deposit facility, main refinancing operations, and marginal lending facility, which will decrease ...

AustralianSuper expands US footprint, names executives

KARREN VERGARA  |  FRIDAY, 4 OCT 2024
Among the flurry of senior appointments, AustralianSuper named the lead for its Americas unit who is joined by a new head of fund services hailing from BlackRock. The $342 billion super fund promoted Mikaël Limpalaër as the head of Americas, having ...

AMP Advice expands network

MATTHEW WAI  |  THURSDAY, 3 OCT 2024
The advising-arm of AMP continues to expand its network after reporting revenue growth in 1H24. Its advice revenue and revenue per practice have increased 16% and 11.6% respectively on the last quarter, AMP said. In addition, AMP said Melbourne-based ...

Citigroup, Apollo partner in private credit push

KARREN VERGARA  |  MONDAY, 30 SEP 2024
Citigroup and Apollo Global Management have partnered to create a US$25 billion private credit, direct lending program. The program, which aims to finance debt opportunities over the next several years for private equity and corporate clients, will ...

Calls for independent oversight on mortgage stress

ELIZA BAVIN  |  MONDAY, 23 SEP 2024
In August, Finder's Consumer Sentiment Tracker recorded the highest level of mortgage stress since it first began tracking in early 2019. More than two in five (42%) homeowners struggled to pay their home loan in August with an estimated 1.4 million ...