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Showing 161 - 170 of 359 results for "Credit card"

SMSFs stung by $1M property Ponzi scheme

LAURA MILLAN  |  FRIDAY, 18 JUL 2014
Barry John Patrick, a 71-year-old man from Victoria, has been charged for illegally obtaining more than $1 million from self-managed super fund (SMSF) investors to fund property development. Patrick obtained the money from 14 investors between 2007 ...

Market wrap AM

AAP  |  MONDAY, 14 JUL 2014
... points at 5,466. In local economic news on Monday, the Australian Bureau of Statistics will release lending finance and credit card data for May. Shareholders in department store chain David Jones will also meet in Sydney to vote on a proposed $2.2 billion ...

Poll shows low esteem for financial advisers

JAMES FERNYHOUGH  |  MONDAY, 5 MAY 2014
... their younger self, 57% said they would "start saving earlier". One in four said they would advise against getting a credit card. REST chief executive Damian Hill said the poll showed that Australians are not getting the right financial advice early ...

Investec launches banking products for advisers

LAURA MILLAN  |  MONDAY, 18 NOV 2013
Investec Australia is tapping into the financial planning sector with the launch of a personal banking offering for advisers. The bank already works with about 250 independent advice firms and manages approximately $750 million of client funds, but ...

NAB embroiled in £1.3 billion UK bank scandal

JAMES FERNYHOUGH  |  FRIDAY, 23 AUG 2013
... Bank is one of 13 UK banks that will have to pay back customers after they mis-sold protection for identity theft and credit card fraud. The Financial Conduct Authority (FCA) yesterday announced that insurer Card Protection Plan Limited (CPP) and 13 ...

Former Macquarie director resurfaces at Citi

MARK SMITH  |  MONDAY, 24 JUN 2013
... invaluable to us as we grow our business," head of Citi's consumer bank in Australia Julian Potter said. "While our credit card offering has been very successful in acquiring substantial market share, we are increasingly focused on deepening our customer ...

Securities dealer scales back after ASIC review

LAURA MILLAN  |  THURSDAY, 4 APR 2013
... invested and failing to invest $200,000 he received from a client and using it for his own advantage including paying credit card debts and purchasing personal assets.

Cypriot banks to re-open sans banking

BENJAMIN ONG  |  THURSDAY, 28 MAR 2013
... withdrawals over a,-300 per account per day. No cashing of cheques. No time deposit redemptions before maturity. No credit card use over a,-5,000 per person per month outside Cyprus. No cash of over a,-3,000 per person per trip outside Cyprus. No sending ...

Magellan wins $3bn milestone mandate

LAURA MILLAN  |  TUESDAY, 12 MAR 2013
Magellan Asset Management has secured a $3 billion mandate from UK investor St. James Place - just one of the fund manager's record wins in the past 12 months. The mandate has boosted Magellan's total FUM, which now stands at $10.4 billion, Frank Casarotti ...

Virgin Money Australia names MD

MARK SMITH  |  THURSDAY, 28 FEB 2013
... The appointment follows a period of significant growth across all of the Australian arm's investments, insurance and credit card products. Under Curneen's leadership, Virgin Money has achieved a 40 per cent increase in earnings thanks, in part, to the ...