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Showing 351 - 360 of 17936 results for "Bank"

Inflation rises 3% in August

ELIZA BAVIN  |  WEDNESDAY, 24 SEP 2025
... Bassanese said the uptick in inflation "effectively kills" the last fleeting chance of an interest rate cut from the Reserve Bank of Australia (RBA) next week. "Given the recent weakening in employment growth, there was some chance the RBA could have ...

GIM director slapped with travel restraints

KARREN VERGARA  |  WEDNESDAY, 24 SEP 2025
... losses related to GIM since the start of 2024. One investor lost $750,000, while another lost $200,000 in life savings. "Bank records from GIM investors show they paid large sums, sometimes hundreds of thousands of dollars each, to company bank accounts ...

Former Income Asset Management staffer embezzles $1.5m

KARREN VERGARA  |  TUESDAY, 23 SEP 2025
A former Income Asset Management (IAM) employee has funnelled $1.5 million from the company using a bank account used by a "minority sub-custodian". IAM said it suspected fraudulent transfers made from a bank account maintained by its previous sub-custodian ...

Unprecedented US M&As a boon for Australia: BGA

KARREN VERGARA  |  MONDAY, 22 SEP 2025
... known as CI Financial and is poised to boast US$430 billion in AUM. "A few weeks ago, it became the world's largest non-bank wealth manager with the acquisition of two of the largest wealth platforms over in the UK and Europe," she said. "That's ...

Australian economy in 'very good place': RBA

ELIZA BAVIN  |  MONDAY, 22 SEP 2025
Reserve Bank of Australia (RBA) governor Michele Bullock has told a parliamentary inquiry the Australian economy is in a good position, with inflation within the board's target range of between 2-3%. Bullock said the central bank is pleased to see inflation ...

MHC Digital partners to launch stablecoin platform

MATTHEW WAI  |  MONDAY, 22 SEP 2025
... Through the platform, it will issue its stablecoin at 1:1 against Australian dollars held in trust with a big-four Australian bank. It comes as ASIC recently announced an exemption to allow secondary distribution of AUDM, a stablecoin issued by Catena ...

LGT Crestone unveils rebrand

ELIZA BAVIN  |  MONDAY, 22 SEP 2025
... client access to private markets and sustainable investment solutions. This includes the June 2025 acquisition of Commonwealth Bank's high-net-worth advice business, which added $5 billion in assets.

ASIC issues interim stop orders to La Trobe Financial

JAMIE WILLIAMSON  |  FRIDAY, 19 SEP 2025
... the exception of small cash and term deposit holdings held to meet cash requirements," ASIC said. "These products are not bank deposits. The rates of return are not guaranteed and are determined by future revenue of the pool of assets that comprise the ...

Acadian hires local institutional distribution lead

MATTHEW WAI  |  FRIDAY, 19 SEP 2025
Acadian Asset Management has appointed a Sydney-based executive to strengthen its relationship with institutional investors across Australia and New Zealand. Matthew McLenaghan has been appointed senior vice president, business development, institutional ...

ASIC chair calls it quits

KARREN VERGARA  |  FRIDAY, 19 SEP 2025
... Karen Chester. He was appointed to lead ASIC on 1 June 2021. His experience includes working as general counsel for Deutsche Bank in London and Hong Kong for 17 years, and a senior adviser at Herbert Smith Freehills. Longo served as the national director ...