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Showing 1 - 10 of 87 results for "Settlement of"

IAG settles $2.8bn lawsuit with Credit Suisse

ELIZA BAVIN  |  FRIDAY, 25 SEP 2026
... settlement are confidential, but Credit Suisse was suing IAG for around $2.8 billion, plus interest. IAG said that the settlement of the Credit Suisse Proceedings would not have a material impact on its financial position or FY27 financial results, based ...

MA Financial launches $500m fund

MATTHEW WAI  |  FRIDAY, 18 SEP 2026
... Biggins noted the transaction has lifted its retail real estate assets value to almost $5 billion. "Following the settlement of these recently exchanged assets, MA Financial will have almost $5 billion of retail real estate assets in its funds, having ...

Pengana-WAM feud over PIA comes to an end

KARREN VERGARA  |  FRIDAY, 18 SEP 2026
... Management's (WAM) Geoff Wilson and his allies will exit the board of Pengana International Equities (PIA) following the settlement of the Pengana Capital Group-initiated lawsuit that failed to stop a highly contested buyback. The listed investment trust ...

ASX profits slump as ASIC inquiry costs bite

ELIZA BAVIN  |  THURSDAY, 13 AUG 2026
... period to $557 million, including $51.1 million associated with the penalty and legal costs associated with the settlement of ASIC legal proceedings. Other drivers of total expenses included the design and ongoing implementation of the Accelerate program ...

Centrepoint completes $3m client book acquisition

VINNY VUCAGO  |  THURSDAY, 2 JUL 2026
... Pinnacle Wealth further expanding its salaried financial advice business. The ASX-listed advice group confirmed final settlement of the transaction occurred July 1, following agreements announced earlier this year. The acquisitions were completed through ...

Deutsche Bank names head of platform sales in Australia

ELIZA BAVIN  |  TUESDAY, 26 MAY 2026
... and rates. Deutsche Bank said clearing is a critical part of financial market infrastructure, enabling the secure settlement of derivatives transactions and supporting clients in managing counterparty risk. Hair will be based in Sydney and report to ...

AMP profits fall as Alexis George prepares to step down

ELIZA BAVIN  |  THURSDAY, 12 FEB 2026
AMP's statutory net profit took a hit as a result of the settlement of legacy class actions and its continuing business simplification process, coming in at $133 million, down from $150 million in FY24. However, underlying net profit after tax (NPAT) ...

Sequoia expects earnings hit from Shield, First Guardian

KARREN VERGARA  |  TUESDAY, 16 DEC 2025
... at the EBITDA (operating profit level)," Sequoia said. The ASX-listed firm also announced that it reached a final settlement of $980,000 with a receiver in relation to an advice matter affecting the now-defunct Libertas Financial Planning. Sequoia acquired ...

CalSTRS secures US$190m settlement against Meta

JAMIE WILLIAMSON  |  TUESDAY, 25 NOV 2025
... directors pay US$190 million directly back to the company to the benefit of shareholders. It marks the second-largest settlement of a derivative action in the Delaware Court of Chancery's history in a case of this nature, the pension fund said. As part ...

Colonial First State, AIA agree $140m class action settlement

JAMIE WILLIAMSON  |  WEDNESDAY, 5 NOV 2025
... Super and Commonwealth Essential Super. Today, Shine Lawyers announced the parties have reached an in-principle settlement of $140 million, with the formal settlement deed still pending. The settlement is without admission of liability, it noted. In ...
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