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Showing 2261 - 2270 of 7027 results for "Corporate"

VGI Partners readies $1bn Asian fund

KANIKA SOOD  |  MONDAY, 5 AUG 2019
... Partners executive chair Robert Luciano said VG8 will only invest countries with a robust and reliable legal system, strong corporate governance and developed capital markets. "In practice this means that, for several years at least, the VG8 portfolio ...

ASIC reveals advice remediation progress

HARRISON WORLEY  |  THURSDAY, 1 AUG 2019
... NAB and Westpac have paid a total of $119.7 million [see figure 1] in remediation for poor financial advice since the corporate regulator began reviewing how the institutions identified and dealt with non-compliant advice between 1 January 2009 and 30 ...

Boutique manager hires investment banking expert

KARREN VERGARA  |  THURSDAY, 1 AUG 2019
... roles within leveraged finance and investment banking at Goldman Sachs for 11 years. He was also a manager at NAB within corporate banking, and leveraged and acquisition finance. MCP also announced three other hires in a bid to expand. Jake Muspratt ...

ASIC warns trustees on employer inducements

KARREN VERGARA  |  THURSDAY, 1 AUG 2019
Corporate regulator ASIC is reinforcing the illegality of superannuation funds inducing employers and the serious consequences that come with breaching the new law. ASIC released Infosheet 241 on Wednesday, reminding trustees that influencing employers ...

Ban unsolicited life insurance sales: Poll

KARREN VERGARA  |  MONDAY, 29 JUL 2019
An overwhelming number of Financial Standard readers have backed corporate regulator ASIC's move to ban the unsolicited sales of life insurance. Ninety-four percent of participants, who voted in a spot poll conducted last week, said life insurance ...

Credit Suisse names chief executive

KRISTI CHENG  |  MONDAY, 29 JUL 2019
Credit Suisse hired Deutsche Bank's former head of corporate finance, Asia Pacific to lead its Australian operations as chief executive. Effective October, Richard Gibb will lead the Swiss investment bank's Australian franchise across investment banking ...

Macquarie asset management business down

ELIZABETH MCARTHUR  |  FRIDAY, 26 JUL 2019
... down mainly due to the timing of performance fees and higher operating expenses following recent platform acquisitions; corporate and asset finance (CAF) was down due to reduced loan volumes and realisations in CAF principal finance; and banking and ...

ASIC clamps down on opaque active ETFs

KANIKA SOOD  |  THURSDAY, 25 JUL 2019
The corporate regulator is set to ask ASX and Chi-X to stop admitting new active ETFs that use internal market making as it mulls a review, Financial Standard can reveal. ASIC has asked all market operators to not launch any new active ETFs with internal ...

ASIC sues ANZ over unlawful fees

KANIKA SOOD  |  THURSDAY, 25 JUL 2019
The corporate regulator is suing ANZ, alleging the bank unlawfully charged customers certain periodic fees exceeding $50 million. ASIC estimates the total gross loss to customers is in excess of $50 million for 1.3 million occasions of unlawfully charged ...

Shorting doesn't have to be risky: Solaris

ELIZABETH MCARTHUR  |  THURSDAY, 25 JUL 2019
... this kind of shorting that tends to get press attention. "The activist shorts up in my neck of the woods in Brisbane - Corporate Travel, Blue Sky and Glaucus - get a lot of attention. That technique can be really effective but it's much higher risk," ...