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Showing 21 - 30 of 197 results for "Signature"

Private credit boom sweeps Australia

KARREN VERGARA  |  TUESDAY, 10 OCT 2023
... a direct financer to companies in the technology and healthcare industries. The stunning failures of Credit Suisse, Signature Bank, First Republic Bank, and Silicon Valley Bank have left a void in the traditional banking space, with fixed income giant ...

ASIC cracks down on former adviser, comedian

JAMIE WILLIAMSON  |  TUESDAY, 22 AUG 2023
A former financial adviser who doubles as a comedian has had his assets frozen and been barred from leaving the country as the regulator investigates fees charged to client superannuation accounts. Last month, David Mario Valvo of Sydney was ordered ...

ASIC permanently bans former financial adviser

CASSANDRA BALDINI  |  TUESDAY, 27 JUN 2023
Former financial adviser John Wertheimer has been banned by the regulator after he was convicted of using the Netwealth platform to access client accounts and make unauthorised transactions. In May 2020, Wertheimer made 48 unauthorised transactions ...

$100bn withdrawal triggers First Republic stock plunge

ANDREW MCKEAN  |  WEDNESDAY, 26 APR 2023
... Valley Bank, the largest US bank failure since Washington Mutual in 2008, and then continued with the failure of New York Signature Bank. Previously, JBWere chief investment officer Sally Auld pointed out that Silicon Valley Bank had a highly concentrated ...

SVB, Signature Bank securities up for sale

KARREN VERGARA  |  WEDNESDAY, 12 APR 2023
A BlackRock subsidiary has been tasked with disposing the mortgage-backed assets of Silicon Valley Bank and Signature Bank that collectively amount to US$104 billion ($156.2bn). The Federal Deposit Insurance Corporation recently announced that it retained ...

Pension fund ousts chief over US bank losses

JAMIE WILLIAMSON  |  WEDNESDAY, 12 APR 2023
... Alecta was let go by the fund as it looks to recover from large losses resulting from investments in Silicon Valley Bank, Signature Bank and First Republic Bank. Overnight, Magnus Billing was axed as chief executive with immediate effect. He has been ...

No systemic risk with SVB, but issues remain: Experts

CASSANDRA BALDINI  |  WEDNESDAY, 15 MAR 2023
... of December 2022." However, Tennekoon said most banks are unlikely to have significant liquidity risk. "While SVB and Signature were complying with regulatory requirements, the composition of their assets was not in line with industry averages," he explained. ...

US agencies act to prevent crisis

JAMIE WILLIAMSON  |  MONDAY, 13 MAR 2023
... Powell and Federal Deposit Insurance chair Martin Gruenberg announced all insured depositors in Silicon Valley Bank and Signature Bank will be made whole and that the cost of doing so won't be borne by taxpayers. The Fed has created the Bank Term Funding ...

Negative wholesale funds market growth continues

ANDREW MCKEAN  |  WEDNESDAY, 8 FEB 2023
... Netwealth (9.1%) followed. The fastest growing platform in percentage terms was Smartsave Super and Pension, followed by AMP Signature Super and Pension, Superhero Super, and Freedom of Choice Super. The research also noted that Vanguard operated Australia's ...

Adviser sentenced over accessing client accounts

CHLOE WALKER  |  FRIDAY, 3 FEB 2023
Former financial adviser John Wertheimer has been convicted and sentenced for making unauthorised client transactions on the Netwealth platform. Specifically, Wertheimer was convicted on one count of providing a financial service on behalf of a person ...