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Showing 141 - 150 of 586 results for "Lenders"

Banks urged to step up

ELIZABETH MCARTHUR  |  FRIDAY, 22 MAY 2020
... an event such as this." The RBA governor said a reduction in a capital buffer ratios would be entirely appropriate as lenders "support customers" during the COVID-19 downturn. "It's important that lenders continue to support the flow of capital to the ...

ASIC secures $160m in remediation over junk credit insurance

ALLY SELBY  |  THURSDAY, 14 MAY 2020
... announced it has secured $160 million in remediation for consumers sold junk credit insurance from 11 major banks and lenders between 2011 and 2018. These include offerings from ANZ, Australian Central Credit Union, Bank of Queensland, Bendigo and Adelaide ...

Madison sale slated for May completion

KANIKA SOOD  |  WEDNESDAY, 29 APR 2020
... sold Diversa and CCSL Trustees business to Sargon Capital for $43 million and was owed $31 million when Sargon's Chinese lenders sent administrators to the company looking to recover their debts. Sargon Capital has since been put into liquidation. OVH ...

Please be aware of the nearest exit

ELIZA BAVIN  |  THURSDAY, 23 APR 2020
... according to Gammel. He said a single document can be used to explain the business' position to the ATO, banks and other lenders, landlords, key suppliers and investors, ensuring consistency of approach. "The ATO is willing to accommodate reasonable ...

Business unusual: COVID-19 threats facing real estate

ALLY SELBY  |  THURSDAY, 2 APR 2020
... many. On a macro level there are the logistical challenges of completing due diligence, tenants are pausing leases and lenders can't underwrite loans without accessing the property." Despite this, Kellenberger is positive that "things can turn out ...

Will COVID-19 infect mortgages and RMBS?

ELIZABETH MCARTHUR  |  FRIDAY, 27 MAR 2020
... close relationship with US President Donald Trump - warned that banks, publicly-traded mortgage REITs and other non-bank lenders could find themselves in a precarious situation. He added that the action of these institutions i n the coming weeks and ...

AFCA updates approach amid COVID-19 crisis

ALLY SELBY  |  THURSDAY, 26 MAR 2020
... issues resolved as quickly as possible," AFCA said. "AFCA will take into account the circumstances and context in which lenders and other financial firms are currently operating when considering complaints. "AFCA understands that firms may be putting ...

The impact of COVID-19 on emerging markets

ALLY SELBY  |  TUESDAY, 24 MAR 2020
... Global Emerging Markets Fund lead portfolio manager, Rishi Patel. "Emerging markets are borrowers and developed markets are lenders; whenever events like these happen money flows back home and that has a disproportionate impact on emerging markets," ...

Macquarie shares halve in COVID-19 sell-off

ALLY SELBY  |  FRIDAY, 20 MAR 2020
... quite some time," he said. "Throw on top of this a likely fall in house prices, an increase in defaults or arrears from lenders as unemployment jumps - and the banks are bearing the brunt of a lot of the problems hurled up by COVID-19." Conway also believes ...

Afterpay coughs up $1.5m over US loans

ALLY SELBY  |  TUESDAY, 17 MAR 2020
... pay more than US$300,000 in penalties and refunds. "In both cases, the DBO concluded purported credit sales made by the lenders' merchant partners were not bona fide but, rather, were structured to evade otherwise applicable consumer protections," the ...