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Showing 1691 - 1700 of 6022 results for "Credit"

No such thing as a free lunch: Lowe

ELIZA BAVIN  |  WEDNESDAY, 22 JUL 2020
... interest rates come with costs too. They can cause stresses in the financial system that are unhelpful for the supply of credit. They can also encourage people to save more, rather than spend more, so they can be counter-productive from that perspective ...

Ombudsman demands changes for small business insolvencies

ANNABELLE DICKSON  |  TUESDAY, 21 JUL 2020
The Australian Small Business and Family Enterprise Ombudsman Kate Carnell is calling for a number of measures to be put in place to protect small businesses from a 'tsunami' of insolvencies. In the latest Insolvency Practices Inquiry report ...

Opportunities in EM debt rebound: Eaton Vance

ALLY SELBY  |  TUESDAY, 21 JUL 2020
... debt indexes experienced significant gains during the quarter, it said, with FX, local rates, and sovereign and corporate credit spreads rallying. Local-currency sovereign debt lifted 9.8% during the quarter, while external sovereign debt pushed 12.3% ...

Government expands SME Guarantee Scheme

ANNABELLE DICKSON  |  MONDAY, 20 JUL 2020
... to helping businesses stay afloat during the crisis to now also enabling them to access more affordable and longer term credit so that they can invest for their future. Commonwealth Bank chief executive Matt Comyn agrees and welcomes the extension. "Today's ...

Former investment adviser charged with $85m fraud

ELIZA BAVIN  |  MONDAY, 20 JUL 2020
... the clients fake loan documentation to substantiate the non-existent loans, including fake promissory notes and a forged credit agreement. "As alleged, Hu's deception caused substantial losses to a retail mutual fund, and other funds IIG advised," ...

360 Capital eyes LIC

KANIKA SOOD  |  FRIDAY, 17 JUL 2020
... with the existing management on concluding a proposal to benefit all stakeholders." 360 Capital this year wanted to list a credit fund, focused on invest in middle market private credit opportunities in Australia and New Zealand. However, it hit the ...

Banks brace for major loan losses

ALLY SELBY  |  WEDNESDAY, 15 JUL 2020
... Crisis. Citigroup saw its net income dive 73% from the previous period, driven by a substantially higher allowance for credit loss reserves (US$26.4 billion, compared to US$12.5 billion at June 2019), while JP Morgan Chase reported a $10.5 billion loan ...

Kapstream restructures investment team

KANIKA SOOD  |  WEDNESDAY, 15 JUL 2020
Kapstream Capital has made its head of credit redundant as it aims for a flatter team structure, while also hiring a new credit-focussed portfolio manager. Raymond Lee, who spent nearly a decade at Kapstream and previously managed money for Lachlan ...

AMP hit with credit downgrade

ELIZABETH MCARTHUR  |  TUESDAY, 14 JUL 2020
Standard & Poor's has downgraded AMP Limited's credit rating from BBB+ to BBB, with all AMP Group entities on CreditWatch with negative implications. The rating assigned to AMP Bank remains unchanged by S&P at BBB+. The change to the credit rating is ...

Woman jailed in $105m tax scam

ELIZA BAVIN  |  MONDAY, 13 JUL 2020
A fourth person has been sentenced to four years imprisonment for their role in a syndicate that allegedly defrauded the Commonwealth of over $105 million. Devyn Hammond was sentenced in the Supreme Court of NSW to four years jail for her role in a ...