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Showing 371 - 380 of 2616 results for "Loan"

Adviser banned over early release scheme

JAMIE WILLIAMSON  |  WEDNESDAY, 3 AUG 2022
... newly established SMSFs to invest in a company he is a director of and then releasing the money to them in the form of a loan. Antonio Simeone is said to have recommended clients roll their superannuation our of their APRA-regulated funds and into an ...

ASIC issues first DDO stop orders

JAMIE WILLIAMSON  |  THURSDAY, 28 JUL 2022
... product would not have been consistent with their needs and objectives. The sole underlying asset of the PPM Unit class is a loan to a company related to RES for development of a sandstone quarry; PPM stands for Pleasure Point Mine. ASIC described it ...

MSC Trustees appointed by Alceon

CHLOE WALKER  |  TUESDAY, 26 JUL 2022
... mortgages held over Australian property. The loans finance a mix of real estate development, construction, and ownership, with a loan to value maximum cap of 65%. Commenting on the mandate, MSC Group managing director Matthew Fletcher said the firm is ...

Treasurer announces RBA review

ANDREW MCKEAN  |  WEDNESDAY, 20 JUL 2022
... over recent years has benefited borrows with existing mortgages. Further, the number of new borrowers that borrowed at high loan-to-valuation ratio above 90 has declined markedly. While acknowledging that some indebted households would be more vulnerable ...

ANZ, Suncorp deal cops industry backlash

CASSANDRA BALDINI  |  TUESDAY, 19 JUL 2022
ANZ's proposed takeover of Suncorp's banking division has generated varying industry speculation. The Australian Competition and Consumer Commission (ACCC) has raised concerns around the deal and announced plans to commence a review of the acquisition ...

Celsius latest casualty in crypto crash

CASSANDRA BALDINI  |  FRIDAY, 15 JUL 2022
... collapse isn't the first this month; Voyager Digital announced it filed for bankruptcy off the back of a $650 million loan defaulted by Three Arrows Capital, a crypto hedge fund that was ordered to liquidate on June 27. The recent chaos just further ...

Crypto lures executives despite ongoing uncertainty

CASSANDRA BALDINI  |  THURSDAY, 14 JUL 2022
... continues, highlighting digital lender Voyagers bankruptcy backlash. "Voyager filed for bankruptcy on the back of a $650M loan defaulted by Three Arrows Capital, a crypto hedge fund that was ordered to liquidate on June 27," it stated. And pointed out ...

Payton Capital expands to Sydney

ANDREW MCKEAN  |  WEDNESDAY, 13 JUL 2022
... with organisations including Westpac, HSBC, and Citi. Luke Hills takes on the role of relationship director, responsible for loan origination and business development, deal structuring, credit assessment and asset management. Hill has more than 10 years' ...

Chorus of self-interest in financial advice: SCA

JAMIE WILLIAMSON  |  WEDNESDAY, 6 JUL 2022
... For example, someone retiring with a mortgage might want to know if they should use their super to pay off their remaining loan or keep it invested," he wrote. "Super funds charge fees based on a percentage of your savings, so they stand to make more ...

MSCI launches emissions measuring tool

CASSANDRA BALDINI  |  WEDNESDAY, 6 JUL 2022
MSCI has launched Total Portfolio Footprinting, helping financial institutions measure carbon emissions across lending and investments as part of the transition to a net zero economy. The global tools provider said in a statement "Total Portfolio Footprinting ...