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Showing 21 - 30 of 2418 results for "Loan"

Former Blockchain Global director confined to Australia

ANDREW MCKEAN  |  THURSDAY, 29 FEB 2024
... During his tenure, Guo also moved $2.6 million from an account with investor funds, allocating portions to his personal home loan and bank account. Further, ASIC notes that Guo took control of 23.11 bitcoins, valued at roughly $1.8 million and owned ...

Pallas Capital, Ares launch $500m lending fund

CHLOE WALKER  |  THURSDAY, 29 FEB 2024
... lending money on pre-development loans, residual stock loans, and investment property loans. It will target medium-sized CRE loan types of borrowers and expects that most of its loans will be between $2-25 million. Previously, the Sydney-based fund manager ...

ATO cracks down on illegal early SMSF access

KARREN VERGARA  |  WEDNESDAY, 21 FEB 2024
The Australian Taxation Office is cracking down on illegal early access to SMSF money, particularly targeting new entrants to the sector who are the main culprits. New analysis from the tax office released at the SMSF Association National Conference ...

Sydney HNWI drops $24m on EG building

CHLOE WALKER  |  THURSDAY, 15 FEB 2024
... investment opportunities in the private debt market. Specifically, they're looking for high-end residential bridging loan facilities located in Sydney's eastern suburbs and lower north shore, as well as in the inner east of Melbourne. Additionally ...

Macquarie profits tumble; long-serving executive exits

ANDREW MCKEAN  |  TUESDAY, 13 FEB 2024
... totalling $6 billion. Banking and Financial Services (BFS) reported a 3% increase in total deposits to $135.6 billion. The home loan portfolio rose 3% to $117.9 billion, and funds on platform grew 6% to $132.8 billion. The business banking loan portfolio ...

Interest rates drive adviser conversations in 2024

KARREN VERGARA  |  THURSDAY, 25 JAN 2024
... survey by finance comparison site Mozo reveals that one in six Australians fork out 40% to 60% of their monthly income on home loan repayments. Nearly 40% of the 2100 mortgage holders surveyed said they struggle to make up the shortfall worth hundreds ...

ME Bank fined $820k for misleading borrowers

CHLOE WALKER  |  MONDAY, 22 JAN 2024
... Public Prosecutions, followed an investigation and referral by ASIC. The regulator found the bank sent 589 letters to home loan customers between 25 May 2018 and 3 September 2018, informing them of incorrect minimum repayment amounts to be paid after ...

Legalsuper investment strategy lead departs

ELIZABETH FRY  |  FRIDAY, 19 JAN 2024
... "refreshing chapter" in her career. Rajomon recently helped fund Brisbane lending fintech WLTH's acquisition of home loan manager Mortgage Mart. Chief executive Glenn Fowles called Trusler a perfect fit for the firm. Fowles said she brings fantastic ...

Finnfund names chief investment officer

CHLOE WALKER  |  WEDNESDAY, 17 JAN 2024
Hanna Loikkanen will become chief investment officer of Finland's state-owned development financier and impact investor. Loikkanen, a seasoned financial services executive with over 30 years of experience, has been on the fund's board since May 2020. ...

Court fines Linchpin, Endeavour directors

KARREN VERGARA  |  THURSDAY, 11 JAN 2024
... Investport Income Opportunity Fund for their personal use. Daly received loans totalling $130,000 while Raftery took a $40,000 loan. The money was also used to make loans to then-subsidiary Beacon Financial Group. All four were banned from providing ...