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Showing 171 - 180 of 433 results for %22class action%22

Chief economist update: Australian Renaissance

BENJAMIN ONG  |  MONDAY, 15 JUN 2020
... businesses will face liquidity concerns, which could easily transform into questions about solvency. Dangers of un-coordinated action by creditors could lead to fire sales of liquidated assets, provoking a further negative macroeconomic shock." There's ...

APRA quashes super liquidity concerns

HARRISON WORLEY  |  THURSDAY, 28 MAY 2020
... of those discussions has varied," Rowell said. "Some have highlighted more potential impacts and the need to take more action to ensure they had liquidity available. "But none that we would classify as having raised concerns from a prudential perspective." ...

Government offers guidance provision relief

HARRISON WORLEY  |  TUESDAY, 26 MAY 2020
... uncertainty around companies' future prospects as a result of the crisis also exposes companies to the threat of opportunistic class actions for allegedly falling foul of their continuous disclosure obligations if their forecasts are found to be inaccurate," ...

IOOF settles class action

JAMIE WILLIAMSON  |  MONDAY, 25 MAY 2020
... it on the back of the Royal Commission. The wealth group announced to the ASX this morning it has settled in the class action brought by Quinn Emanuel Urqhart & Sullivan in April 2019. The class action alleged IOOF engaged in misleading or deceptive ...

Litigation funders will need AFSLs

ELIZABETH MCARTHUR  |  FRIDAY, 22 MAY 2020
... of litigation funding in Australia, Omni Bridgeway is a supporter of additional regulation that would improve the class action system," the company said. The litigation funder said it supported a licensing regime that would include capital adequacy requirements ...

BlackRock turns optimistic on credit

KANIKA SOOD  |  TUESDAY, 28 APR 2020
... government bonds and cash) except credit, which it upgraded in April. "We are mostly sticking to benchmark holdings on an asset class level; prefer credit over equities; and favor rebalancing into the risk asset decline," it said in a research note led ...

Court confirms Storm Financial founders breached duties

JAMIE WILLIAMSON  |  FRIDAY, 27 MAR 2020
... million in compensation from Commonwealth Bank, $82.5 million in compensation from Macquarie Bank as part of a related class action, and $17 million in compensation from Bank of Queensland for those clients who borrowed through the bank to invest. They ...

No time to look back

ELIZA BAVIN  |  FRIDAY, 27 MAR 2020
... exact moment a world war starts, but once it is declared the markets also react with volatility," he said. "Every asset class, across the board is reacting to the upcoming slowdown as a result of this 'social distancing'; the market is trying ...

The impact of COVID-19 on emerging markets

ALLY SELBY  |  TUESDAY, 24 MAR 2020
... said. "But a massive dislocation in the short term in emerging markets will lead to a lot of attractiveness in the asset class. "Once we stabilise, money will come back into emerging markets." Sarah Shaw, global portfolio manager and chief investment ...

US senators in alleged COVID-19 insider trading

JAMIE WILLIAMSON  |  MONDAY, 23 MAR 2020
A US senator who is married to the chair of the New York Stock Exchange is being accused of insider trading, having offloaded millions in stocks following private briefings on the likely impact of COVID-19 in late January. She is one of several senators ...