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Showing 381 - 390 of 1873 results for "lending"

CBA feels pressure of low rates, profits down

ANNABELLE DICKSON  |  WEDNESDAY, 11 NOV 2020
... bank noted its net interest margin was lower than its half year results due to reduced earnings on deposits, unfavourable lending margins and higher liquid assets which were partly offset by an improvement in lower wholesale funding costs. Despite this ...

The hits you don't see hurt the most: Aviva

ELIZABETH MCARTHUR  |  MONDAY, 9 NOV 2020
... residential assets," Phoenix Group head of illiquid asset origination Chris Palmer said. "We are doing a lot more residential lending, including more lending to local authorities for social and affordable housing in local boroughs, which form part of ...

ING announces head of wealth, chief executive

ANNABELLE DICKSON  |  FRIDAY, 30 OCT 2020
... Australia's fifth largest main financial institution and launched multiple new retail products and services including personal lending, credit cards and insurance. ING Bank Australia chair John Laker commended Evans on her promotion and her experience ...

ANZ sees profits plummet, plans to exit thermal coal

ANNABELLE DICKSON  |  THURSDAY, 29 OCT 2020
... to normal payments, 20% have requested a further deferral and 1% have restructured the loan. Of its 236,000 commercial lending accounts, 23,000 have deferred business loan repayments and of this, 15,000 accounts have completed the deferral with 1600 ...

Further board changes at Clime

ELIZA BAVIN  |  TUESDAY, 20 OCT 2020
... Citibank. "Mr Beaumont has extensive experience in financial markets, public-private partnerships and consumer fintech lending," the board said. Spork is currently a director of Clime Capital, PM Capital Global Opportunities Fund and PM Asian Opportunities. ...

New property fund launches

ELIZABETH MCARTHUR  |  FRIDAY, 16 OCT 2020
... officer. Former Westpac property valuer Rob Alston has been appointed chief operating officer. "In a complex and conservative lending market, our team's ability to identify and back strong projects is founded on deep sector experience and a track record ...

Funding for housing to decrease

ELIZA BAVIN  |  TUESDAY, 6 OCT 2020
... to increase the supply of affordable housing. The reforms complement the government's announced changes to Australia's lending laws, which will support the flow of credit to housing, reducing the time and cost associated with accessing credit for consumers. ...

Big banks face shareholder action

ANNABELLE DICKSON  |  TUESDAY, 6 OCT 2020
... nearly five years supporting the Paris Agreement, major banks continue to undermine their commitment. "They've continued lending to new fossil fuel projects that are entirely inconsistent with limiting global warming to 1.5C, and banking companies whose ...

Ratings deteriorate at AMP

ALLY SELBY  |  FRIDAY, 2 OCT 2020
... expects earnings will come under pressure in the coming fiscal year as a result of the low interest rate and competitive lending environment. However, it noted that while there is scope for AMP Bank's BCA to rise, it would not impact the bank's long-term ...

Sunsuper adds long/short to Aussie equities

KANIKA SOOD  |  TUESDAY, 29 SEP 2020
... alternatives portfolio. One value add for Sunsuper in implementing the long/short strategy is, it can use its current stock lending program to help the manager that is hired by allowing them to borrow stocks they are looking to short from Sunsuper's ...