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Showing 311 - 320 of 2964 results for "America"

US Federal Reserve hikes interest rates

ANDREW MCKEAN  |  THURSDAY, 4 MAY 2023
In a widely anticipated move, the US Federal Reserve has raised interest rates by 25 basis points, elevating the target range to 5% - 5.25%, marking the highest level in 16 years. The central bank's decision comes as part of its ongoing commitment ...

Global alternatives manager lands down under

ELIZABETH FRY  |  FRIDAY, 24 MAR 2023
A US$74 billion alternatives asset manager has opened a local office and hired a head of Australia and New Zealand from HSBC. GCM Grosvenor has established an office in Sydney and appointed Andy Lukas to lead the firm's push into the region. The ...

UBS throws $4.8bn lifeline to Credit Suisse

CASSANDRA BALDINI  |  MONDAY, 20 MAR 2023
UBS has agreed to acquire the embattled Credit Suisse for $4.8 billion. As part of the deal, the Swiss National Bank (SNB) will provide an additional $160 billion (CHF 100 billion)) in liquidity assistance to support the merge. UBS plans to appoint ...

ASX shifts slightly on Credit Suisse, First Republic

CASSANDRA BALDINI  |  FRIDAY, 17 MAR 2023
... shares," he said. "Then the US opened." Over on Wall Street, First Republic Bank received a $30 billion backing from Bank of America, Citigroup, JPMorgan Chase, Wells Fargo, Goldman Sachs, Morgan Stanley, Bank of New York Mellon, PNC Bank, State Street ...

Aware Super restructures investment team

ELIZABETH FRY  |  FRIDAY, 17 MAR 2023
... property strategy locally and globally. His main focus is on direct operating platform investments in Australia, North America, Asia, Continental Europe and the UK. He is also a director on the board of Oak Tree Group in Brisbane, City ID in Amsterdam ...

Equity Trustees wins Northleaf Capital mandate

ANDREW MCKEAN  |  THURSDAY, 16 MAR 2023
... senior secured direct lending to private-equity backed firms and asset-based speciality finance investments across North America, Europe, and Australia. Equity Trustees' latest mandate follows its appointment as trustee for ClearLife Capital's ...

Canadian VC fund invests in Aussie fintech

CHLOE WALKER  |  THURSDAY, 16 MAR 2023
... existing investors and will support the agri-fintech in scaling globally, including the opportunity to expand into North America. "Through our investment we expect DAS will bring meaningful positive change to agriculture and its supporting financial ...

HSBC bails out Silicon Valley Bank UK

CASSANDRA BALDINI  |  TUESDAY, 14 MAR 2023
HSBC has leapt to the rescue and purchased the embattled Silicon Valley Bank's (SVB) UK arm for a total sum of £1. The banking giant yesterday announced its UK ring-fenced subsidiary, HSBC UK Bank, would make the purchase, which excluded the assets ...

Airlie founder to step down, successor named

KARREN VERGARA  |  TUESDAY, 7 MAR 2023
The founder of Airlie Funds Management will retire in mid-2023 after spending more than 30 years in the industry. John Sevior established Airlie in 2012 after working 17 years at Perpetual Investments, serving as its head of equities, and overseeing ...

Capital markets spearhead next recession: CIO

KARREN VERGARA  |  FRIDAY, 3 MAR 2023
... the most expensive in the world. As a contrarian investor, Bhansali prefers to invest in companies in Europe and Latin America. In terms of industries, healthcare and consumer staples tend to be recession-proof and offer good dividends, she said. "Defence ...