Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 361 - 370 of 1916 results for "Lendi"

Westpac profit jumps 138%

KARREN VERGARA  |  MONDAY, 1 NOV 2021
Westpac reported a whopping 138% jump in statutory profit to $5.5 billion in its full-year September 2021 results. The bank attributed the earnings jump to a combination of turning around impairment charges and growing its mortgages, institutional and ...

Lending curbs to impact housing market

ELIZABETH MCARTHUR  |  THURSDAY, 30 SEP 2021
The Reserve Bank of Australia has suggested it may shift policy to cool the property market in 2022, likely to result in homebuyers being able to borrow less. BuyersBuyers co-founder Pete Wargent said that this time around the rules will mostly impact ...

InvestSMART launches installment investment product

KANIKA SOOD  |  MONDAY, 13 SEP 2021
The robo-adviser's new investment product allows lower-balance investors to invest $10,000 now in ETF portfolios with a $4000 initial investment, with the rest split into monthly installments. InvestSMART's fundlater loans the investor the remaining ...

Pinnacle acquires third-party distributor

KANIKA SOOD  |  THURSDAY, 9 SEP 2021
Pinnacle Investment Management Group is acquiring 100% of a third-party distributor working with boutique fund managers. Winston Capital Partners gives Pinnacle on-the-ground representation for the first time in Western Australia, the firm said. Upon ...

Apollo expands in Australia, acquires fund manager stake

KARREN VERGARA  |  THURSDAY, 9 SEP 2021
Apollo Global Management announced it will take a 50% stake in an Australian commercial real estate fund manager. New York Stock Exchange-listed Apollo will become part owner of Melbourne-based MaxCap Group but did not disclose how much it paid for ...

NAB partners with life insurance, advice provider

ANNABELLE DICKSON  |  FRIDAY, 3 SEP 2021
The big four bank announced its partnership with Australia's largest medical defence organisation to extend its business finance solutions to doctors and healthcare professionals. NAB's Medfin Finance team signed a 10-year strategic partnership agreement ...

Moelis Australia reports record results

KANIKA SOOD  |  WEDNESDAY, 18 AUG 2021
Moelis Australia, which recently rebranded to MA Financial Group, reported a 61% increase in its statutory EPS as asset management, corporate advisory and lending performed strongly. For the six months ending June, underlying earnings per share were ...

Profit boost for CBA, ups remediation bill

KARREN VERGARA  |  WEDNESDAY, 11 AUG 2021
Despite reporting a $1.4 billion profit boost, Commonwealth Bank's legacy financial advice business and legal troubles continue to eat away at the bottom line. In releasing its FY21 results this morning, CBA's provisional remediation bill owed ...

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 ...

Booming market for financial services jobs

ELIZABETH MCARTHUR  |  TUESDAY, 10 AUG 2021
According to Kaizen Recruitment, which specialises in financial services, lockdowns have not cooled a hot job market for finance professionals. The recruitment firm said positive momentum from the first quarter of 2021 only accelerated into the second ...