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Showing 151 - 160 of 1561 results for "loans"

Low-margin clients hurt practice valuations

KARREN VERGARA  |  THURSDAY, 14 MAR 2024
... said. "That said, while the industry has usually had favourable financing terms, including 10-year principal and interest loans, if this does not continue, we may see an associated decrease in valuations in line with shorter loan period amortisation ...

Pallas Capital, Ares launch $500m lending fund

CHLOE WALKER  |  THURSDAY, 29 FEB 2024
... further expand Pallas' presence in the local commercial real estate (CRE) debt market by lending money on pre-development loans, residual stock loans, and investment property loans. It will target medium-sized CRE loan types of borrowers and expects ...

ATO cracks down on illegal early SMSF access

KARREN VERGARA  |  WEDNESDAY, 21 FEB 2024
... conference that across these years about $635 million of superannuation savings left the system illegally via SMSFs. "Prohibited loans are another way that trustees inappropriately provide financial benefits to many parties in the 2020 and 2021 years. ...

Macquarie profits tumble; long-serving executive exits

ANDREW MCKEAN  |  TUESDAY, 13 FEB 2024
... funds on platform grew 6% to $132.8 billion. The business banking loan portfolio grew 6% to $15.5 billion, while the car loans portfolio shrank 8% to $4.8 billion. Commodities and Global Markets (CGM) experienced a decline in contributions, primarily ...

ME Bank fined $820k for misleading borrowers

CHLOE WALKER  |  MONDAY, 22 JAN 2024
ME Bank has been fined by the Federal Court after it was found to have provided inaccurate information about its home loans to customers. The matter, prosecuted by the Commonwealth Director of Public Prosecutions, followed an investigation and referral ...

Finnfund names chief investment officer

CHLOE WALKER  |  WEDNESDAY, 17 JAN 2024
... million. It aims to provide businesses operating in Africa, Asia and Latin America with risk capital, long-term investment loans, and mezzanine financing. At the end of 2022, Finnfund's investments, commitments, and investment decisions totalled about ...

Court fines Linchpin, Endeavour directors

KARREN VERGARA  |  THURSDAY, 11 JAN 2024
... obligations in their roles as directors between 2015 and 2018. This included failing to obtain member approval for related-party loans, and exercise care and diligence. In 2019, the registered scheme operated by Endeavour and the unregistered scheme ...

ASIC extends intervention orders against predatory lenders

CHLOE WALKER  |  MONDAY, 8 JAN 2024
... continuing credit contracts were originally aimed at vulnerable retail clients who were facing financial difficulties and needed loans for basic living expenses. Many of these clients had already been declined for regulated credit. These products charged ...

Court finds Canna Campbell infringed trademark

KARREN VERGARA  |  MONDAY, 8 JAN 2024
... (which included the podcast) to benefit from commercial agreements with Klarna, ING Bank, Toyota, Officeworks, Athena Home Loans and other third parties." "It defies logic that Ms Campbell testified under oath that she did not know she was infringing. ...

ASIC takes action on EverBlu, director

KARREN VERGARA  |  MONDAY, 18 DEC 2023
... disqualify Blumenthal from managing corporations for five years and impose a pecuniary penalty. ASIC alleged that he facilitated loans from his private company Anglo Menda to lend funds to EverBlu clients, in breach of EverBlu's personal dealing ...