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Showing 1391 - 1400 of 6020 results for "Credit"

Criminal charges filed against CBA

ELIZABETH MCARTHUR  |  FRIDAY, 17 SEP 2021
ASIC has brought 30 criminal charges against Commonwealth Bank for mis-selling consumer credit insurance, with the bank to plead guilty. The charges relate to CBA's promotion and sale of CreditCard Plus and Loan Protection policies as an add-on insurance ...

ASIC provides licensing update

ELIZABETH MCARTHUR  |  THURSDAY, 16 SEP 2021
ASIC has released its annual report on the number of Australian financial services licences (AFSLs) and Australian credit licences (ACLs) applied for and approved - revealing an increase in applications. The regulator revealed that between July 2020 ...

BNP Paribas takes stake in asset manager

ANNABELLE DICKSON  |  THURSDAY, 16 SEP 2021
BNP Paribas Asset Management is set to acquire a majority stake in Dynamic Credit Group Dynamic Credit Group is an Amsterdam-based asset manager and specialist lender with â,¬9 billion of assets under management. Dynamic Credit's AUM is primarily ...

ME Bank faces criminal charges

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 SEP 2021
... ME Bank for alleged contraventions of the Australian Securities and Investments Commission Act 2001 (Cth) and National Credit Code. The alleged contraventions concern home loan customer communications over a two year period ending September 2018. These ...

Sunsuper, QSuper finalise executive team

ELIZABETH MCARTHUR  |  FRIDAY, 10 SEP 2021
... has been appointed chief financial officer, and Helen Jackson has been appointed chief people officer. Rose joins from Credit Suisse Australia, where he was managing director of the financial institutions group. He has experience in leadership positions ...

Pallas Capital raises $194m

KANIKA SOOD  |  THURSDAY, 9 SEP 2021
... seeking newer avenues to divert existing investment funds and surplus income. A fixed income asset such as real estate credit is extremely attractive because it offers investors stable and consistent returns," Pallas Capital executive director Mark Spring ...

Apollo expands in Australia, acquires fund manager stake

KARREN VERGARA  |  THURSDAY, 9 SEP 2021
... of choice for investors and borrowers alike. "Together we see significant opportunity ahead as the non-bank real estate credit market continues to grow in the region," he said. Apollo has about $472 billion assets under management. It recently partnered ...

Breach reporting guidance released

KARREN VERGARA  |  WEDNESDAY, 8 SEP 2021
... licensees must report breaches that they discover after 1 October 2021, even if the breach occurred before that date. However, credit licensees do not have to report breaches that occurred before this date even when identified after 1 October 2021. As ...

Monark Property Partners launches fund

ANNABELLE DICKSON  |  TUESDAY, 7 SEP 2021
The Liberman-family backed firm launched the Monark Prime Credit Fund earlier this month as an open-ended fund investing in senior debt only loans secured against property. The fund has a maximum weight average loan to value ratio of 65% over the portfolio ...

YFYS spurs half to change asset mix

KARREN VERGARA  |  THURSDAY, 2 SEP 2021
... premium, Mead said most will argue that it is on the "expensive side of fair if not outright expensive." History suggests that credit risk premium is valued as fair to slightly expensive, he said. While bond yields might be low, Mead reminded investors ...