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Showing 3681 - 3690 of 17956 results for "Bank"

Ellerston, Morphic look to oust Perpetual

KANIKA SOOD  |  WEDNESDAY, 18 MAR 2020
Ellerston Capital wants to take over as the responsible entity of a $75 million fund managed by Morphic Asset Management, saying it can offer investors a better deal on the fees. The Morphic Global Opportunities Fund invests in global equities and is ...

Chi-X continues TraCR roll out

HARRISON WORLEY  |  WEDNESDAY, 18 MAR 2020
... addition of Alphabet presents a huge opportunity," Jokovic said. TraCRs are issued by Deutsche Access Investments, and Deutsche Bank head of depositary receipts Australia and New Zealand Chris Bagley said the firm was encouraged by the increasing demand ...

Moody's downgrades AMP

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 MAR 2020
International ratings agency Moody's has downgraded AMP Group, AMP Bank and AMP Life. AMP Group, AMP Bank and AMP Life were all downgraded from A2 to A3 and remains under review for downgrade. AMP Life's insurance financial strength rating was ...

World rolls out stimulus

ELIZA BAVIN  |  WEDNESDAY, 18 MAR 2020
... market has yet to view the combined action from central banks as effective, here is hope on the horizon. "Coordinated central bank actions have not been considered effective by the market. Whilst coordination by the G7 led by Emmanuel Macron, and G20 ...

Investment manager criminally charged

ELIZA BAVIN  |  WEDNESDAY, 18 MAR 2020
... Australia (SGSA) is facing criminal charges in Sydney on two counts of failing to pay client money into segregated authorised bank accounts and two counts of two counts of failing to comply with requirements relating to a client money bank account. ASIC ...

Financial Executive Women adds to leadership team

ELIZA BAVIN  |  WEDNESDAY, 18 MAR 2020
... executive director. Alex Tullio has been appointed to the position having held a number of senior leadership roles at Bendigo Bank, IOOF and Citi. In addition, Tullio has worked at the chief executive of Trampoline, a HR tech company, and is the owner ...

ASIC drags CFS to court over MySuper

ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
... of the ASIC Act in relation to the communications. The amount of the penalty will be determined by the court. Commonwealth Bank said in a statement it had been informed by CFS that a civil penalty claim has been brought by ASIC. "The claim alleges certain ...

UK asset manager acquires stake in retirement funder

ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
... B fundraising will be used to meet those objectives with the funds raised allocated to grow Household Capital's team. ME Bank was one of Household Capital's initial investors, holding an equity stake and providing the initial debt facility.

Wall Street tumbles, ASX holds ground

ELIZA BAVIN  |  TUESDAY, 17 MAR 2020
Wall Street has been taking a battering since the coronavirus outbreak left the shores of China, with the S&P 500 falling another 12% overnight. A sharp cut in interest rates, stricter quarantine enforcements around the globe and a change of tone from ...

Philippines halts all trading

ELIZA BAVIN  |  TUESDAY, 17 MAR 2020
The Philippines Stock Exchange (PSE) has announced it will halt trade until further notice, making it the first nation to close markets. The PSE made the announcement to the stock market, saying the decision is to ensure the safety of employees and ...