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Showing 1801 - 1810 of 5917 results for "March 2011"

Japanese insurer gets Treasury tick to up Challenger stake

KANIKA SOOD  |  MONDAY, 19 AUG 2019
A Japanese insurer that owns about 16% of Challenger has received the green light from the Treasury to increase its stake in the company. In March, MS&AD announced its intention to take its stake in Challenger over 15% and seek board representation. ...

Chief economist update: US recession a sure thing

BENJAMIN ONG  |  MONDAY, 19 AUG 2019
The United States will be in recession a year or so from now. There I called it! But at the same time, I'm hoping that I'm wrong. US recession fears - resulting from the negative spread between the yield on 10-year and two-year US Treasuries ...

State Street ETF in franking credit kerfuffle

KANIKA SOOD  |  THURSDAY, 15 AUG 2019
Investors and financial advisers were left confused when the almost $4 billion SPDR S&P/ASX 200 Fund (ASX: STW) failed to pay out any franking credits with June's year-end distribution for the first time in its 18-year-long history. State Street paid ...

Court dismisses Westpac lending practice case

KARREN VERGARA  |  THURSDAY, 15 AUG 2019
The Federal Court has dismissed ASIC's case against Westpac, alleging it breached responsible lending practices for home loans. ASIC alleged that between December 2011 and March 2015, the bank failed to properly assess whether borrowers could meet repayment ...

BlackRock appoints Melbourne head

KANIKA SOOD  |  WEDNESDAY, 14 AUG 2019
The US $6.8 trillion global investment giant has appointed a head of Melbourne in a newly-created role following strong demand for its strategies from local investors. David Porter will move from London where he is the managing director, head of UK ...

Chief economist update: Global easing

BENJAMIN ONG  |  TUESDAY, 13 AUG 2019
In his outing before the Australian House of Representatives Standing Committee on Economics on August 9, Reserve Bank of Australia (RBA) governor Philip Lowe practically gave his nod of approval in Financial Standard 's clear as the crystal ball's ...

Super trustees to formulate whistleblower policies

KARREN VERGARA  |  MONDAY, 12 AUG 2019
The corporate regulator is expecting superannuation trustees to have whistleblower policies in place 1 January 2020. ASIC is broadening the whistleblower regime introduced on 1 July 2019 in an effort to reform to the corporate sector. It is proposing ...

Renewed calls for risk-adjusted returns

KARREN VERGARA  |  MONDAY, 12 AUG 2019
The endemic use of headline returns to pit a superannuation fund's performance against another has renewed calls for a fairer, like-for-like comparison that focuses on risk as the key metric. The propensity for research houses, the media - and even ...

Chief economist update: The UK is not OK

BENJAMIN ONG  |  MONDAY, 12 AUG 2019
When it met on August 1, the Bank of England (BOE) rightly anticipated slower GDP growth in the second quarter, saying: "After growing by 0.5% in 2019 Q1, GDP is expected to have been flat in Q2... reflecting both the impact of intensifying Brexit-related ...

Westpac fined over reporting failure

ELIZABETH MCARTHUR  |  THURSDAY, 8 AUG 2019
APRA has handed Westpac the maximum financial penalty it can for failing to meet reporting obligations. Westpac and its subsidiaries St George Finance Holdings and Capital Finance Australia will pay more than $1.5 million after breaching requirements ...