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Showing 1531 - 1540 of 17952 results for "Bank"

Sony to list financial services business

KARREN VERGARA  |  WEDNESDAY, 24 MAY 2023
Sony is set to partially spin-off its financial services arm, a diversified unit operating in life insurance, banking and venture capital. Sony Financial Group Inc (SFGI), which operates in life and non-life insurance, banking, nursing care and venture ...

Macquarie terminates alternatives fund

CASSANDRA BALDINI  |  WEDNESDAY, 24 MAY 2023
... distribute your share of the net proceeds of the termination, after deducting any liabilities of the fund, to your nominated bank account as soon as reasonably practicable." Regarding tax consequences, Macquarie said whether investors redeem prior to ...

Consulting triopoly dominates NFP super

JAMIE WILLIAMSON  |  WEDNESDAY, 24 MAY 2023
... ESSSuper. It also counts AustralianSuper as a client. WTW rounds out the triopoly with the likes of Aware Super and Commonwealth Bank Super. However, WTW's market share has shrunk considerably, and it will likely continue to do so if Commonwealth ...

Farewell Michael Harrison

JAMIE WILLIAMSON  |  MONDAY, 22 MAY 2023
... on Sunday morning, aged 78. Harrison enjoyed a varied and colourful career. He established Australia's first private bank, consulted to the likes of AMP, Citibank and the Australian Competition and Consumer Commission, sat on the board of the Australian ...

APRA finalises rules for financial crisis readiness

ANDREW MCKEAN  |  FRIDAY, 19 MAY 2023
... we've just seen internationally, sometimes crises occur and we need to be prepared," Lonsdale said. "In the unlikely event a bank, insurer or superannuation fund got into difficulty, it would need to ensure it could recover or exit from the market in ...

BlackRock orders staff four days in office

KARREN VERGARA  |  FRIDAY, 19 MAY 2023
The global fund manager is mandating all employees to return to the office for four days from September this year. BlackRock Australia confirmed reports that the new policy affects all 19,000 staff members living in more than 30 countries. BlackRock ...

Young, millionaire investors challenge stereotypes: Data

CASSANDRA BALDINI  |  THURSDAY, 18 MAY 2023
... investing in US stocks. "Five of their top six stocks are US Apple, at number one and following that is Alphabet, Microsoft, Bank of America, Citigroup and splitting them is Westpac at number three," it said. Across the entire Gen X cohort, Apple, at ...

EG expands into private debt market

CHLOE WALKER  |  THURSDAY, 18 MAY 2023
EG Funds and Msquared Capital have joined forces to offer investors the opportunity to diversify into the private debt market to service capital products for property sites across the country. Initially, the joint venture will engage wholesale investors ...

Insignia bolsters executive leadership team

ANDREW MCKEAN  |  THURSDAY, 18 MAY 2023
... Renato Mota. Saxena joins with 20 years' experience in financial services, where he spent the last decade at the Commonwealth Bank of Australia. Prior to Insignia, he was executive general manager for operational risk for the bank's business support ...

Fitch gives Labor budget AAA rating

CASSANDRA BALDINI  |  WEDNESDAY, 17 MAY 2023
... strong labour market and buoyant commodity prices, combined with spending restraint." Fitch also weighed in on the Reserve Bank of Australia's (RBA) decision and said it believed the tightening cycle is at the end. "We believe that the RBA has reached ...