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Showing 341 - 350 of 2616 results for "Loan"

Mutuals' assets increase, profits declines: KPMG

CASSANDRA BALDINI  |  FRIDAY, 25 NOV 2022
... provisions built up in prior years during Covid. "In comparison, 2022 saw a minor release of provisioning over the collective loan book" KPMG said. "Instead, the increase in income from asset growth was offset by a declining net interest margin (NIM) ...

Barings establishes APAC real estate debt operations

JAMIE WILLIAMSON  |  THURSDAY, 24 NOV 2022
... $162.5 million to fund the construction of two purpose-built student accommodation projects in Sydney and a $40.3 million loan for a build-to-rent project in Brisbane. It has also realised its NZ$130 million loan to listed developer Winton for a construction ...

AFCA secures $900m in compensation

CASSANDRA BALDINI  |  MONDAY, 21 NOV 2022
Australians have taken home almost $900 million in compensation and refunds since the ombudsman service opened its doors in November 2018. The Australian Financial Complaints Authority (AFCA) said it's also handled more than 300,000 disputes, an ...

Evidence of poor LRBA advice: Report

ANDREW MCKEAN  |  THURSDAY, 17 NOV 2022
... of lenders to a particular asset in the event of a default, in practice they can affect assets beyond those subject to the loan. "If the leveraged asset does not produce sufficient returns to service the loan, trustees are more likely to sell other assets ...

Former van Eyk Research chief sentenced

JAMIE WILLIAMSON  |  WEDNESDAY, 16 NOV 2022
Mark Thomas, the former chief executive of failed research house van Eyk, was sentenced this week after pleading guilty to breaching directors' duties earlier this year. Thomas has been sentenced to 15 months, to be served by way of an intensive correction ...

Magellan seeks $1m increase to director fees

ANDREW MCKEAN  |  TUESDAY, 15 NOV 2022
... addition, the explanatory notes stated directors on the board historically participated in a Share Purchasing Plan (SPP) loan program to create alignment with shareholders in lieu of market levels of fixed director fees. However, with the SPP suspended ...

ANZ to pay $42m in insurance lawsuit

CASSANDRA BALDINI  |  MONDAY, 14 NOV 2022
ANZ has agreed to pay $42 million to settle a class action regarding consumer credit insurance (CCI) products. Commonwealth Bank has also reached a settlement for a similar matter. Slater and Gordon filed the class action against ANZ, OnePath Life ...

Consultation opens on NHIF remit expansion

ANDREW MCKEAN  |  WEDNESDAY, 9 NOV 2022
... projects, or potential projects that could be suitable for funding under the NHIF. "The NHIF provides grant, concessional loan, and investment financing. Widening the remit of the NHIF in this way will provide additional flexibility for that financing ...

Rest extends custody mandate with State Street

CASSANDRA BALDINI  |  TUESDAY, 8 NOV 2022
... and custody services, accounting, unit pricing, performance, and analytics. As well as, tax and regulatory reporting, and loan servicing. State Street has served as the fund's custodian since 2011. In February last year, the relationship was expanded ...

ANZ told to pay $25m for 20-year failure

JAMIE WILLIAMSON  |  THURSDAY, 27 OCT 2022
ANZ has been ordered to pay a $25 million penalty for failing to provide banking customers with promised benefits for about two decades. The Breakfree package was introduced in 2003 and was offered with several ANZ products including home loans, credit ...