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Showing 2611 - 2620 of 7106 results for "June 2023"

ING ramps up wholesale lending business

KANIKA SOOD  |  TUESDAY, 27 MAR 2018
ING Australia increased its wholesale lending by 24% over the previous year, the bank's 2017 results show. Clients of ING's wholesale banking loans include the Sydney Metro Northwest, New Royal Adelaide Hospital, and Queensland's Clare Solar Farm. "We ...

Aurora repays stolen $1 million

ALEX BURKE  |  TUESDAY, 27 MAR 2018
Aurora Funds Management has repaid the $1 million misappropriated from its Buy-Write Income Trust (AUP). The money, which Aurora traced to SIV Asset Management (SAM), formerly known as Aurora Funds Limited, was fully repaid into AUP. In addition, Aurora ...

CPA Australia names new chief executive

JAMIE WILLIAMSON  |  MONDAY, 26 MAR 2018
CPA Australia appointed its new chief executive, succeeding Alex Malley's interim replacement and who will now leave the association. Andrew Hunter will commence leadership of CPA Australia on April 3, joining from Export Finance and Insurance Corporation ...

Chief economist update: It's not just the trade war

BENJAMIN ONG  |  MONDAY, 26 MAR 2018
Trade war and an escalation of it was what every other financial market report pointed to as ground zero for the renewed equity market slump. Most equity markets from New York to Rio and old London town have now turned red this year to date, one would ...

ASIC closes doors on Storm charges with two fines

ALEX BURKE  |  FRIDAY, 23 MAR 2018
Nearly a decade after ASIC began its investigation into Storm Financial, two directors have been fined $70,000 each for breach of duties. Emmanuel and Julie Cassimatis were previously disqualified from managing corporations for seven years. When they ...

Chief economist update: The trend is not our friend

BENJAMIN ONG  |  FRIDAY, 23 MAR 2018
Looking at the Australian Bureau of Statistics' (ABS) latest update on the country's labour market, one couldn't help but exclaim that it was a wonderful set of (seasonally adjusted) numbers. The economy added another 17,500 jobs in February following ...

Former Provident Capital MD still banned but allowed procedural fairness

DARREN SNYDER  |  THURSDAY, 22 MAR 2018
The Federal Court has upheld ASIC's five-year disqualification of the former managing director at Provident Capital but found the Administrative Appeals Tribunal denied the MD procedural fairness in its hearing. ASIC explained that on 20 February 2015 ...

Pengana drives WHSP finance portfolio up 43pct

ALEX BURKE  |  THURSDAY, 22 MAR 2018
The performance of Pengana Capital Group, which was created following the Hunter Hall merger last year, drove Washington H. Soul Pattinson's 1H18 portfolio up 43.3%. Pengana delivered a $1.9 million contribution to WHSP's net profit during the period. ...

Chief economist update: Home cooling

BENJAMIN ONG  |  WEDNESDAY, 21 MAR 2018
The Australian Bureau of Statistics (ABS) released figures showing that the annual growth rate in Australian residential property prices continued to ease in the December 2017 quarter. The "weighted average of eight capital cities" residential property ...

Zurich hires risk strategy specialist, retains OnePath brand

KARREN VERGARA  |  TUESDAY, 20 MAR 2018
Zurich confirmed it will keep the OnePath brand following its acquisition of the life insurance business from ANZ, and it will operate alongside Zurich's own life insurance brand. The life insurer has also appointed a risk strategy specialist. Life ...