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Showing 301 - 310 of 17089 results for "Billion"

CBA updates on class actions, governance review

ELIZA BAVIN  |  WEDNESDAY, 11 FEB 2026
Commonwealth Bank of Australia (CBA) released its half year results today, seeing profits rise to $5.4 billion. As part of is H1 report, the major bank gave an update on its ongoing superannuation and advice-related class actions. CBA said it still ...

FIIG Securities fined $2.5m for lengthy cyber failures

JAMIE WILLIAMSON  |  TUESDAY, 10 FEB 2026
... total, about 385GB of confidential data was stolen and some 18,000 clients were put at risk. At the time, FIIG had about $3 billion in client assets under management. FIIG admitted it failed to comply with its obligations and that its security measures ...

Treasury to reform managed investment scheme governance

KARREN VERGARA  |  TUESDAY, 10 FEB 2026
... with the law. However, in light of the Shield and First Guardian failures, whereby some 11,000 people invested over $1 billion, Treasury said the alleged practices by employees "highlighted the need for further action to protect consumers in the superannuation ...

Macquarie sees 'substantially' higher profits

ELIZA BAVIN  |  TUESDAY, 10 FEB 2026
... contributions were "substantially up" in the third quarter, with global assets under management (AUM) reaching $736.1 billion. MAM said the increase was primarily driven by gains on the sale of its divestment of the North American and European public ...

UN pension fund confirms leadership

JAMIE WILLIAMSON  |  MONDAY, 9 FEB 2026
... said. van der Zeen succeeds Pedro Antonio Guazo Alonso. As at the end of 2025, the fund's assets were valued at US$107.1 billion. On December 30, the United Nations General Assembly requested the pension board conduct a holistic review of the scheme. ...

Mulino acknowledges some regulation 'not thought through'

ELIZA BAVIN  |  MONDAY, 9 FEB 2026
... complexity of Australia's regulatory framework. The rising regulatory burden is estimated to have added at least $5.5 billion in business-related compliance costs over the last five financial years, the report found. Regulatory reform stands as one of ...

Challenger-led consortium bids for Pepper Money

KARREN VERGARA  |  MONDAY, 9 FEB 2026
... consortium that is attempting to acquire ASX-listed Pepper Money, in a deal that values the non-bank lender at about $1.16 billion. Pepper Group ANZ HoldCo and Challenger confirmed media speculation that they are engaging in such discussions. The consortium ...

Debby Blakey steps down as HESTA chief

ELIZA BAVIN  |  MONDAY, 9 FEB 2026
... the second half of this year. The HESTA board said she will leave an enduring legacy, having guided the fund beyond $100 billion during more than a decade of leadership. Blakey has been with the fund for more than 17 years, including 11 years as chief ...

Government to ask super funds to invest in defence infrastructure

JAMIE WILLIAMSON  |  FRIDAY, 6 FEB 2026
... findings, the government will look to divest some 60 properties and historic defence sites, with the aim of raising about $3 billion. The audit found the sites, which include islands in Sydney Harbour and Victoria Barracks in Sydney, Melbourne and Brisbane ...

KKR to acquire Arctos Partners

ANGELIQUE MINAS  |  FRIDAY, 6 FEB 2026
... professional sports franchises, and a provider of asset management solutions for sponsors. The transaction is valued at US$1.4 billion. An additional US$550 million in future equity is also tied to KKR's share price and business-specific performance ...