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Showing 2361 - 2370 of 3078 results for "Corporation"

ASIC bans Macquarie rumourmonger

MEDIA RELEASE  |  TUESDAY, 24 MAR 2009
The Australian Investments and Securities Commission (ASIC) has banned Richard Macphillamy from providing financial services for 18 months after he spread false rumours about Macquarie Group and one of firm's products. The regulator banned Macphillamy ...

Treasure for trash

BENJAMIN ONG  |  TUESDAY, 24 MAR 2009
... dollar, the US Federal Reserve would provide them with bargain loans to buy these toxins and the Federal Debt Insurance Corporation would provide debt guarantees. This is a very delectable trifecta of flavours if I ever saw one. How could investors lose? ...

Storm subsidiary in liquidation

MEDIA RELEASE  |  FRIDAY, 20 MAR 2009
Geelong-based Victorian Families Retirement Investment Group has been placed in "provisional liquidation" after its parent company Storm Financial called in the receivers. The group was placed into provisional liquidation by the Federal Court in Brisbane ...

Pay to perform

MICHELLE BALTAZAR  |  THURSDAY, 19 MAR 2009
The Federal Government is granting super funds and fund managers more powers to reject or approve executive remuneration schemes, marking the end of an era blotted by outrageous 'golden handshakes' and excessive bonuses. Under legislative reforms announced ...

Restrict 'adviser' term: AFA

MICHAEL HOBBS  |  THURSDAY, 19 MAR 2009
The Association of Financial Advisers (AFA) has called upon Treasury to restrict the term 'adviser' to those that are regulated by the Australian Securities and Investments Commission (ASIC) and comply with the Corporations Act. "The problem at the ...

Market Wrap - Midday

AAP  |  WEDNESDAY, 18 MAR 2009
... on Wednesday that the company would absorb its separately managed specialist asset finance business Esanda Finance Corporation Ltd into the bank. The local market received a positive lead from Wall Street, which as shares rallied on an upbeat report ...

Seize the pay

MICHELLE BALTAZAR  |  TUESDAY, 17 MAR 2009
The days when executives get rewards-for-failure could soon be over if legislators back radical remuneration reforms proposed by a governance expert, which includes capping 'golden parachutes' and issuing share options that can only be cashed out after ...

Ex-director banned for 25 years

MEDIA RELEASE  |  MONDAY, 16 MAR 2009
Edwin Goulding, former director of the Sydney Investment House Group (SIH Group), was banned by the Supreme Court of New South Wales from managing corporations for 25 years. Following an investigation and proceedings commenced by the Australian Securities ...

HSBC Premier business up 76 pc

COMPANY RELEASE  |  FRIDAY, 6 MAR 2009
... dragged the FTSE down when it revealed a US$15 billion loss from its sub-prime exposure. Its US division, HSBC Finance Corporation (HFC) is reportedly being wound down with 6,100 jobs cut, according to the UK's Guardian newspaper.

ASIC keeps short selling ban

MICHAEL HOBBS  |  THURSDAY, 5 MAR 2009
The Australian Securities and Investments Commission (ASIC) is keeping the ban on covered short selling of financial securities until the end of May. According to ASIC, the regulator weighed up the continued volatility in global financial markets and ...