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Showing 2221 - 2230 of 10710 results for "May 19"

ASIC bans adviser over $5m fraud

ELIZABETH MCARTHUR  |  TUESDAY, 8 JUN 2021
ASIC has permanently banned former Sentinel Wealth financial adviser Gavin Fineff, after he was charged with misappropriating between $3.3 and $5 million of client money. On May 7, Fineff was arrested and charged by New South Wales Police with 18 offences ...

Chief economist update: The devil's in the headline US payrolls number details

BENJAMIN ONG  |  TUESDAY, 8 JUN 2021
The US dollar weakened, so too did the yield on 10-year US Treasuries while the equity market's benchmark indices closed on the up and up as inflation expectations in Uncle Sam's county eased, calming concerns that the US Federal Reserve would ...

Concern for consumers ahead of YFYS

ELIZABETH MCARTHUR  |  MONDAY, 7 JUN 2021
After the Your Future, Your Super reforms were passed in the House of Representatives lawyers have expressed concern consumers may not understand the impact of the changes. Law firm Slater and Gordon warned that Australians could end up with less insurance ...

IFM Investors named in class action

ELIZABETH MCARTHUR  |  MONDAY, 7 JUN 2021
IFM Investors has been named in a class action regarding the Colonial Pipeline, which the industry fund investment house acquired in 2007 as part of a consortium. The class action was filed in the United States District Court in the Northern District ...

AUSTRAC investigates NAB, JBWere

KARREN VERGARA  |  MONDAY, 7 JUN 2021
National Australia Bank and its subsidiaries, including JBWere, are allegedly failing their anti-money laundering and counter-terrorism financing obligations, according to AUSTRAC. The financial intelligence agency is investigating NAB's "potential ...

Chief economist update: Home sweet home

BENJAMIN ONG  |  MONDAY, 7 JUN 2021
... CoreLogic's home value index shows that the "five city capital aggregate" index increased by another 2.3% in the month of May (from April's 1.8%) to be 9.1% higher from a year earlier. Not only that: "CoreLogic's research director Tim Lawless ...

LIBOR phased out by year end

ELIZABETH MCARTHUR  |  FRIDAY, 4 JUN 2021
Australian regulators expect institutions to cease the use of LIBOR in new contracts before the end of 2021. ASIC, APRA and the Reserve Bank of Australia have reiterated the importance of ensuring a timely transition away from the London Interbank Offered ...

QIC managing director exits

KANIKA SOOD  |  FRIDAY, 4 JUN 2021
QIC's managing director of business development has left. Chris O'Connor spent about six years at QIC, where he was responsible for investor and asset consultant relations. His last day was May 21. "Chris was a valued member of the QIC team, and we ...

Chief economist update: A delicate balancing act

BENJAMIN ONG  |  FRIDAY, 4 JUN 2021
... increases the oil supply. The Baker and Hughes rotary oil rig count has reached a 13-month high of 359 rigs as at the end of May - up by 30.5% so far this year and by a whopping 109% since it dropped to a 15-year low of 172 rigs in August 2020.

ASIC increases short selling surveillance

KARREN VERGARA  |  THURSDAY, 3 JUN 2021
ASIC is putting short sellers on notice, warning them that any information released on a target company must be accurate and objective. The corporate watchdog outlined several areas that it will keep an eye on in the newly released Information Sheet ...