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Showing 281 - 290 of 816 results for "Settlement"

Westpac settles two class actions

KARREN VERGARA  |  FRIDAY, 30 OCT 2020
... bank, former chief executive Brian Hartzer and current chief executive Peter King as defendants. Westpac described the settlement amount as "not material" and "resolves all claims against the defendants without any admission of liability." Separately ...

Carlyle buys into Calastone, ups Link bid

KARREN VERGARA  |  TUESDAY, 27 OCT 2020
... reflect the significant value of PEXA, which has boomed since the onset of the pandemic. PEXA is a digital property settlement solution co-owned by Link, Commonwealth Bank and Lightyear Investments. Link is in the process of reviewing the revised pro ...

Link rejects takeover offer

ELIZA BAVIN  |  FRIDAY, 23 OCT 2020
Link Group has concluded the takeover proposal led by Pacific Equity Partners and Carlyle Group materially undervalues the business. The consortium, led by the two private equity firms was offering $5.20 per share via a scheme of arrangement. Link said ...

Westpac puts Australia on bad banking leaderboard

ELIZA BAVIN  |  WEDNESDAY, 14 OCT 2020
... the nation's anti-money laundering laws. Goldman Sachs was number one, having paid US$3.97 billion in relation to settlement charges in Malaysia against the Wall Street bank for its role in helping to raise hundreds of millions for a sovereign wealth ...

DTCC launches advisory service

KARREN VERGARA  |  FRIDAY, 9 OCT 2020
... the post-trade process. The group provides back-office services from initial onboarding through trading, clearance, settlement, asset servicing, data management and trade reporting. DTCC in Australia provides trade reporting services via its legal entity ...

Brisbane Mater acquired for $122.5m

ELIZA BAVIN  |  FRIDAY, 9 OCT 2020
... new and well capitalised healthcare tenant to CQE's portfolio. The building is currently under construction with settlement to occur following practical completion, expected to be in the June 2021 quarter. Charter Hall Group chief executive David ...

AMP, former employee settle

KANIKA SOOD  |  WEDNESDAY, 7 OCT 2020
... dispute resolution and regulatory engagement, Larissa Baker Cook, are pleased to announce that they have reached a settlement of proceedings brought by Ms Baker Cook in the Federal Court of Australia in October last year and which were scheduled for ...

RBA, ASIC provide CHESS guidance

ALLY SELBY  |  FRIDAY, 2 OCT 2020
ASIC and the Reserve Bank of Australia have outlined their expectations for the replacement of ASX's clearing and settlement system CHESS, as it shifts towards more contemporary and flexible software. The importance of replacing the system in a timely ...

Manipulative trading at J.P. Morgan costs it over $1bn

ALLY SELBY  |  WEDNESDAY, 30 SEP 2020
... recognised by the DOJ, including enhancements to compliance policies, surveillance systems and training programs." The settlement will see J.P. Morgan Chase & Co, and its subsidiaries J.P. Morgan Chase Bank and J.P. Morgan Securities, enter into a deferred ...

ASX director retires

ALLY SELBY  |  WEDNESDAY, 30 SEP 2020
... confirmed that Warne will remain the chair of Austraclear and a director of ASX Clear (Futures), the ASX clearing and settlement licensees for Australia's derivatives, OTC and debt markets. He will also remain a director of the exchange's intermediate ...