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Showing 301 - 310 of 2171 results for "Mortgage"

Funds valued illiquid asset correctly: ASIC

KARREN VERGARA  |  WEDNESDAY, 11 AUG 2021
... billion in assets under management, of which included $21 billion in illiquid assets, looked at direct real property, mortgage, infrastructure, private equity, private debt and hedge funds. Early last year, super funds and other asset managers copped ...

NAB to buy Citigroup's Australian consumer banking business

KANIKA SOOD  |  TUESDAY, 10 AUG 2021
NAB's purchase of Citigroup's local consumer business includes Citi's roughly 4000 wealth clients. NAB will pay Citigroup cash for the net assets and a premium of $250 million. Citigroup's consumer banking business includes lending assets of $12.2 billion ...

Alceon launches retail fund

ANNABELLE DICKSON  |  TUESDAY, 10 AUG 2021
After seeing the take up of alternative strategies by institutional and family office investors, Alceon Group has established a retail debt income fund secured by real estate. The Alceon Debt Income Fund is targeting a total annualised return of 5-7% ...

Westpac sells life insurance unit

KARREN VERGARA  |  MONDAY, 9 AUG 2021
... customers with their life insurance needs by partnering with TAL." In the last year, Westpac has also ditched its lenders mortgage insurance, Westpac Pacific, auto finance and New Zealand life insurance businesses, and separated its general insurance ...

BNK partners with Goldman Sachs

KANIKA SOOD  |  WEDNESDAY, 4 AUG 2021
... mortgages with Goldman Sachs. The two have signed a binding definitive agreement for an uncommitted $500 million residential mortgage warehouse funded by Goldman Sachs. BNK will act as the originator, servicer and trust manager for the program. Goldman ...

AMP hires in support of advisers, brokers

ELIZABETH MCARTHUR  |  TUESDAY, 3 AUG 2021
... GE Money. Herbert starts in the role today and will be based in Brisbane. Herbert will be focused on driving continued mortgage growth, strengthening AMP Bank's service offering for brokers and advisers, and ensuring it continues to be easy to do business ...

Advisers overlook home equity release strategies

KARREN VERGARA  |  THURSDAY, 22 JUL 2021
Financial advisers are shunning home equity release or reverse mortgage strategies that could potentially benefit retiree clients, according to new research. Regtech Fourth Line and retiree financial services provider Pension Boost looked at the Statement ...

ASIC prepares licensees for reference checks

KARREN VERGARA  |  WEDNESDAY, 21 JUL 2021
... information sharing for financial advisers similar to the way the Australian Banking Association conducts reference checking. Mortgage brokers are also subject to the same new regulation. The Financial Planning Association of Australia believes reference ...

Sydney world's strongest luxury real estate market

ELIZABETH MCARTHUR  |  WEDNESDAY, 21 JUL 2021
... incomes via furlough schemes meaning there have been few forced property sales. Banks in key developed markets offered mortgage holidays to customers reducing repossessions and foreclosures," she said. "Households accrued a total of over US$5 trillion ...

Be ready for negative rates: APRA to ADIs

JAMIE WILLIAMSON  |  MONDAY, 12 JUL 2021
Despite the Reserve Bank of Australia being confident it's unlikely interest rates will enter negative territory, APRA is consulting on ADI's preparedness for such an event. Saying the regulator's standpoint does not preclude the possibility of zero ...