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Showing 1891 - 1900 of 6025 results for "Credit"

Ponzi scheme rakes in almost $1.5bn

HARRISON WORLEY  |  TUESDAY, 28 JAN 2020
A California-based couple has been charged by the US Securities and Exchange Commission for allegedly running a Ponzi scheme worth just under $1.5 billion (USD$1billion). The SEC has charged Jeffery and Paulette Carpoff with violating antifraud provisions ...

TCorp hires former Cbus head

ELIZABETH MCARTHUR  |  TUESDAY, 28 JAN 2020
... industry fund, Callebaut was director of transport and infrastructure at KPMG. Earlier in her career, Callebaut worked at Credit Suisse and N.M Rothschild & Sons. "Diana is a high calibre investment specialist whose skills span senior business, people ...

Fraudulent adviser cops ban, jail time

ELIZABETH MCARTHUR  |  FRIDAY, 24 JAN 2020
... financial advice. ASIC said that following his conviction it sought to permanently remove Ellis from the financial advice and credit industry. Ellis already copped a six year ban from the regulator in 2013. An ASIC investigation found Ellis sent 10 letters ...

Aussie IPOs outperform benchmark

ALLY SELBY  |  FRIDAY, 24 JAN 2020
... financial services listings for the year included MCP Income Opportunities Trust, Pengana Private Equity Trust, Perpetual Credit Income Trust, Powerwrap, Teaminvest Private Group, Prospa Group, Regal Investment Fund, QuickFee, Sezzle, Partners Group ...

Boutique shuts doors

KANIKA SOOD  |  FRIDAY, 24 JAN 2020
... them through the change." Campbell was a managing director and portfolio manager for Avoca. Prior to UBS, he worked for Credit Suisse First Boston. Bendeich was the chief investment officer and portfolio manager of the boutique. He worked at Colonial ...

More staff embroiled in Macquarie investigation

HARRISON WORLEY  |  FRIDAY, 24 JAN 2020
German authorities have expanded their investigation into a 2011 lending transaction, doubling the number of Macquarie staff considered suspects since late 2018. In an update to the ASX on Thursday evening, Macquarie said it was cooperating with an ...

Former Wells Fargo chief banned for life

ALLY SELBY  |  FRIDAY, 24 JAN 2020
... over their role in the bank's "systematic sales practice misconduct", which saw employees open millions of fake bank and credit card accounts to meet sales targets. The OCC has settled with the bank's former chief administrative officer and director ...

CIMIC in $1.8b writedown

ELIZA BAVIN  |  FRIDAY, 24 JAN 2020
The country's largest construction company has reported a loss of $1.8 billion, blaming tough market conditions in the Middle East. CIMIC announced the writedown in a submission on the ASX saying the decision to exit the Middle East market came after ...

New chief at HSBC Australia

ELIZABETH MCARTHUR  |  THURSDAY, 23 JAN 2020
... Europe. He was president and chief executive of HSBC Japan between 2012 and 2016. After that, he was head of wholesale credit and market risk for Asia-Pacific and head of remediation officer for Asia-Pacific. HSBC said it is commencing a three-year plan ...

Aussie stocks burnt in blaze

ALLY SELBY  |  THURSDAY, 23 JAN 2020
... largely out of the Federal Government's control. S&P have confirmed they are unlikely to downgrade Australia's credit rating from bushfire-related spending," UBS said. UBS also argued the bushfire crisis has increased the likelihood of a further ...