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Showing 1461 - 1470 of 4124 results for "Nov"

Adviser cops 262 month jail sentence

JAMIE WILLIAMSON  |  FRIDAY, 6 SEP 2019
A financial adviser in the US will spend the next 22 years in prison after he defrauded his own family out of millions. Treyton Lee Thomas has been sentenced to 262 months in prison for wire fraud and 60 months for tax evasion to run concurrently, as ...

Suncorp pays $1.4m remediation bill

JAMIE WILLIAMSON  |  TUESDAY, 3 SEP 2019
Suncorp Life and Superannuation has remediated more than 4000 Guardian Advice clients for poor financial advice. ASIC today confirmed Suncorp has completed the remediation program for more than 4000 GuardianFP clients, paying out a total of $1.431 million. ...

Chief economist update: Super Mario's last hurrah

BENJAMIN ONG  |  TUESDAY, 3 SEP 2019
"A significant degree of monetary stimulus continues to be necessary to ensure that financial conditions remain very favourable and support the euro area expansion, the ongoing build-up of domestic price pressures, and, thus, headline inflation developments ...

Perpetual in acquisition mode

KANIKA SOOD  |  FRIDAY, 23 AUG 2019
Perpetual is willing to break away from its value investing heritage as it looks for new investment managers to add to its lineup. Perpetual Investments, which brings almost half of the company's operating profits, reported a 29% slump in its profits ...

Japanese insurer gets Treasury tick to up Challenger stake

KANIKA SOOD  |  MONDAY, 19 AUG 2019
A Japanese insurer that owns about 16% of Challenger has received the green light from the Treasury to increase its stake in the company. In March, MS&AD announced its intention to take its stake in Challenger over 15% and seek board representation. ...

RWC expands global equities team

KRISTI CHENG  |  WEDNESDAY, 14 AUG 2019
London-based RWC Partners has expanded its Global Horizon team with the appointment of two new analysts. Benjamin Hall and Nathaniel Clark are RWC's newest additions to its $2.2bn Global Horizon strategy, focusing on investing in a portfolio of global ...

Clime Capital settles class action

KARREN VERGARA  |  MONDAY, 12 AUG 2019
Clime Capital has settled a Federal Court class action in principle for an agreed sum of $8.3 million. Backed by IMF Bentham, Clime told shareholders it was pleased the in-principle settlement has been reached with UGL, a firm that provides engineering ...

Super fund invests in disability housing

KARREN VERGARA  |  THURSDAY, 8 AUG 2019
A $1.6 billion superannuation fund has pledged $40 million to a specialist disability housing provider via its impact investing subsidiary. The superannuation fund's investment management arm Brightlight has made a cornerstone investment in DPN ...

Chief economist update: RBA heading to zero

BENJAMIN ONG  |  WEDNESDAY, 7 AUG 2019
Trump's latest tat (branding Beijing a currency manipulator) for China's tit (allowing the yuan to fall below the psychological threshold of CNY7.0/US$1) highlights just how determined the US president is to win the trade war. Yes Virginia ...

Document leak puts NAB under the pump

HARRISON WORLEY  |  FRIDAY, 2 AUG 2019
An internal whistleblower has pushed NAB back into the spotlight, leaking documents revealing the extent of the embattled bank's risk management difficulties. As reported by The Sydney Morning Herald, minutes from a June 2018 meeting between NAB ...