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Showing 2441 - 2450 of 2989 results for "ARRA"

AIG secures extra A$54bn in liquidity

ALEX DUNNIN  |  FRIDAY, 10 OCT 2008
The future of AIG Life Australia might be assured, but the US government has been forced to extend the lifeline extended to AIG in the US by another A$54 billion. The new arrangement is being structured through a securities lending agreement where the ...

When five become one: AUI

RUTH LIEW  |  THURSDAY, 9 OCT 2008
The $6.2 billion Australian Unity Investments is looking to morph five of its retail property syndicates and trusts into a hybrid $400 million mega fund. The fund manager is currently seeking investor approval to convert its five offerings into a single ...

Fed to bail-out corporate paper

BENJAMIN ONG  |  WEDNESDAY, 8 OCT 2008
The Fed is extending the bail-out from banks to company corporate paper debt with its announcement last night to create a Commercial Paper Funding Facility (CPFF). Under the arrangement, the Fed will begin repurchasing three-month unsecured commercial ...

AIG not impacted by bail-out failure

ALEX DUNNIN  |  TUESDAY, 30 SEP 2008
This morning's bail-out failure does not impact AIG, whose funding has already been approved and put in place. Congress this morning rejected the bail-out legislation 228 votes to 205 after two-thirds of Republican legislators dismissed the bill's pre-conditions ...

Fortis bank $19.5bn bail-out 'stabilises' FIA

MICHELLE BALTAZAR  |  MONDAY, 29 SEP 2008
The part nationalisation of European banking giant Fortis will not affect the operations of its local subsidiary, Fortis Investments Australia, nor put FIA's $6 billion in funds at risk, said FIA's chief executive Ian Manton-Hall. The fate of Fortis ...

Aussies fear online fin services

RUTH LIEW  |  MONDAY, 29 SEP 2008
Care to seek online financial advise or arrange a credit card via the Internet? No thanks, says nearly 4.2 million Australians. New research from Datamonitor show that Australian consumers are divided regarding online financial services. Around 27 per ...

SWIFT fast tracks insurers

MICHELLE BALTAZAR  |  THURSDAY, 25 SEP 2008
Messaging platform giant SWIFT has inked a deal with some of the largest insurers and reinsurers in the world that will enable insurers, brokers and reinsurers move from paper-based admin processing to an automated format using a standardised industry ...

Dec 2007 redux

BENJAMIN ONG  |  FRIDAY, 19 SEP 2008
The world's major central banks have launched a joint effort to address the on-going liquidity crisis and stabilise financial markets. This failed in December 2007 when the economic and financial backdrop were much better, will it succeed this time? ...

AIG Australia insulated from US woes

ALEX DUNNIN  |  WEDNESDAY, 17 SEP 2008
While the US Fed has offered to provide AIG Life $100 billion in liquidity funding, AIG's Australian customers are well insulated from any fall-out. "Acting to avert a possible financial crisis worldwide, the Federal Reserve reversed course on Tuesday ...

Vanguard saves $5m in trading costs

MICHELLE BALTAZAR  |  FRIDAY, 12 SEP 2008
True to the adage 'timing is everything', index manager Vanguard saved investors over $5 million in reduced transactions costs this year through 'crossing savings'. A 'crossing' or a 'special spread' saving occurs when Vanguard fund uses the cash invested ...