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Showing 11 - 20 of 1738 results for %22Ant Financial%22

Platinum bleeds $1.4bn in outflows

KARREN VERGARA  |  WEDNESDAY, 27 MAR 2024
... some $96 million. Such savings will likely materialise in the June quarter and "generate a material impact" on the 2024 financial year profit as the bulk of savings will progressively be realised in FY2025. "Savings will encompass both people and non-people ...

US Federal Reserve eyes multiple interest rate cuts this year

ELIZA BAVIN  |  THURSDAY, 21 MAR 2024
... begin to slow quantitative tightening fairly soon." Shah said the past few months had been particularly volatile, with financial markets expecting the Fed to cut policy rates at least six times this year. "The hot January and February inflation and jobs ...

Financial services class actions surge

JAMIE WILLIAMSON  |  WEDNESDAY, 20 MAR 2024
Following a brief reprieve, the number of class actions targeting the financial services sector escalated significantly in 2023. According to a report from Allens, the banking and financial services sector was the second biggest target for class actions ...

Iress sells mortgages arm to Bain Capital

ANDREW MCKEAN  |  FRIDAY, 15 MAR 2024
Iress will sell its UK mortgages business to Bain Capital for $164.3 million before costs. The financial software firm said the sale is a big step in its ongoing transformation strategy to sell-off non-core assets. The net proceeds from the sale will ...

Hostplus rejects anti-competitive behaviour claims

KARREN VERGARA  |  TUESDAY, 12 MAR 2024
... fighting to deliver exactly this, especially when I see anti-competitive behaviour." Hostplus said in a statement to Financial Standard that it "has not advocated for a ban on workforce management platforms and any suggestion otherwise is false". However ...

InvestSMART launches investing platform

ANDREW MCKEAN  |  THURSDAY, 7 MAR 2024
... clients access to professionally managed investment portfolio without the relatively high cost of obtaining personal financial advice; and our partners can concentrate on what they are good at without the time and cost of setting up their own managed ...

Islamic Bank hands back licence

JAMIE WILLIAMSON  |  THURSDAY, 7 MAR 2024
The banking startup, owned in part by Hejaz Financial Services, surrendered its restricted licence to APRA last week. Since July 2022, Islamic Bank held a licence to operate a restricted authorised deposit-taking institution (RADI). This "allows an ...

ASIC cracks down on scammers

CHLOE WALKER  |  MONDAY, 4 MAR 2024
... member services, such as how they handle death benefits claims," Longo said. "We will continue to work to ensure the financial system works for all Australians." At the same time, the National Anti-Scam Centre has issued a warning to consumers about ...

Blackwattle Partners launches global fund

CHLOE WALKER  |  MONDAY, 4 MAR 2024
... Sunny Bangia. The Blackwattle Global Quality Fund will be managed by Bangia, who brings over 18 years of experience in financial services. Bangia spent eight years at Antipodes Partners, before leaving in June 2023. He then had a very short-lived tenure ...

Iress sells platforms business

KARREN VERGARA  |  MONDAY, 26 FEB 2024
... agreeing to pay $1 million in cash and an additional $20 million over 18 months if certain milestones are met. IOPB offers financial products and services that include superannuation, non-superannuation, and custody and administration. Last October ...