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Showing 221 - 230 of 1881 results for "Lending"

MA Financial strengthens lending business

CHLOE WALKER  |  MONDAY, 28 AUG 2023
... here to stay." Of the $3.3 billion of credit MA manages, it has $20 million in consumer unsecured credit, or personal lending. Wyke said MA doesn't take mezzanine financing positions in either real estate construction or real estate, rather, opts ...

Westpac reports $1.8bn net profit, rise in stressed assets

ANDREW MCKEAN  |  MONDAY, 21 AUG 2023
... Additionally, the bank experienced a $6.4 billion increase in loans, predominately driven by owner-occupied mortgages and business lending. Common equity tier one capital (CET1), the foremost indicator of bank strength, stood at 11.9%, exceeding the ...

Crypto lender sentenced for false licence

CHLOE WALKER  |  FRIDAY, 18 AUG 2023
Melbourne-based cryptocurrency lender Helio Lending (Helio) has been sentenced to a non-conviction bond for falsely claiming that it held an Australian credit licence (ACL) when it did not. In 2019, Helio falsely represented on its website that it held ...

Australian Ethical unveils new moderate fund

CHLOE WALKER  |  FRIDAY, 11 AUG 2023
... diversification in its moderate portfolio, Woods said. In particular, the fund believes there are attractive opportunities lending into renewable infrastructure and microfinance. "Renewable infrastructure is a high impact space and there seem to be great ...

Private credit to play critical role in the economy: MA Financial

CHLOE WALKER  |  TUESDAY, 8 AUG 2023
... lenders to finance the growing demand for real estate credit is part of a long-term structural shift in Australia's lending market, MA Financial managing director real estate credit Cathy Houston says. Talking to Financial Standard, Houston said ...

Mortgage holders, retailers relax after rate pause

KARREN VERGARA  |  WEDNESDAY, 2 AUG 2023
... with its latest decision. The soaring interest rate climate is a cash bonanza for the banks, which have increased their lending rates astronomically despite the RBA's pauses. A stable cash rate in July didn't stop the nation's biggest lenders from lifting ...

New CFS platform at the cutting Edge: Quirk

CHLOE WALKER  |  TUESDAY, 1 AUG 2023
... cohorts in the high-net-worth space. "We expect with the delivery of international equities, foreign exchange, margin lending and unique wholesale options, Edge will be able to tap into other parts of the market," Quirk said. Another key aspect of Edge ...

Federal Reserve plans upping capital requirements

CASSANDRA BALDINI  |  TUESDAY, 11 JUL 2023
... significant stress in the banking system, stemmed only by invocation of the systemic risk exception and creation of an emergency lending facility," he said. Barr explained any proposed changes to better align capital requirements with risk-taking would ...

AZ NGA welcomes head of M&A

CASSANDRA BALDINI  |  MONDAY, 10 JUL 2023
... complex problems and delivering outcomes. "His background and broad financial services experience, which spans advice, lending, broking and wealth management, also positions him strongly to offer support to our collective of accounting and advisory firms," ...

ASIC deepens investigation into Magnolia founder

KARREN VERGARA  |  FRIDAY, 30 JUN 2023
... 2022 and May. The preliminary investigation into the failure of the Magnolia Group indicates that it operated a private lending business sourcing capital from private investors and that approximately $40 million in investor losses are presently unaccounted ...