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

Search Results

Showing 4081 - 4090 of 17956 results for "Bank"

Macquarie unveils green ambitions in New York

HARRISON WORLEY  |  FRIDAY, 27 SEP 2019
... development of new green banks. GIG is already working alongside the UN Green Climate Fund in Mongolia to develop a green bank - the Mongolian Green Finance Corporation - with the government. Additionally, the firm's infrastructure and real assets arm ...

Undisclosed additional lending must stop

KRISTI CHENG  |  THURSDAY, 26 SEP 2019
... Credit Partners managing partner Andrew Lockhart. The practice of giving additional lending without disclosing it to the bank, typically for commercial property related purposes, is an "inappropriate market practice", he said, and poses a real risk to ...

MySuper not the only problem: AIST

HARRISON WORLEY  |  THURSDAY, 26 SEP 2019
... members." "Profit-to-member funds are structured in a way that puts members' interests front and centre," she said. "Unlike bank-owned super funds and other for-profit providers, profit-to-member super funds do not return profits to commercial shareholders ...

Bennelong boutique scores first insto mandate

KANIKA SOOD  |  THURSDAY, 26 SEP 2019
A Bennelong boutique investing in listed real estate has won its first institutional allocation from a specialist insurer. Quay Global Investors won an undisclosed amount from Avant Mutual Group, as the latter switched managers and increased allocation ...

AMP, HESTA, Hostplus lose out in ratings

STAFF WRITER  |  THURSDAY, 26 SEP 2019
The Ethical Advisers' Co-op has re-released its fund ratings in the lead up to Ethical Investment Week, with some surprising results. The co-op rates superannuation and investment funds by asking the individual advisers that make up the group to ...

Chief economist update: Morrison, Frydenberg cannot have their surplus and eat it too

BENJAMIN ONG  |  THURSDAY, 26 SEP 2019
... infrastructure spending, but the way it's going, it's not, Please sir, can I get some more. With the Australian central bank nearly out of ammunition and is virtually "pushing on a string", the government has to step in. But nah! The Morrison ...

Northern Trust to clear high-value payments

KANIKA SOOD  |  WEDNESDAY, 25 SEP 2019
... System (HVCS), which clears big-ticket payments averaging $2.5 million for a total of $100 billion every day. The custody bank will now be able to settle its own high value payment obligations on a real-time gross settlement basis via the Reserve Bank ...

Chief economist update: RBA cuts official cash rate to 0.75%

BENJAMIN ONG  |  WEDNESDAY, 25 SEP 2019
... This will be the headline flashing on your screens at around 230 in the afternoon of Tuesday, October 1, after the Reserve Bank of Australia (RBA) concludes its scheduled board meeting. In his address to the Armidale Business Chamber, RBA governor Philip ...

Cerberus affiliate buys Aussie SME lender

KRISTI CHENG  |  TUESDAY, 24 SEP 2019
... businesses across Australia. It had liabilities worth $292 million at the end of the 2018 financial year, including $60 million in bank loans, $80 million in subordinated notes and $144.2 million securitisation notes.

Morgans snaps up CommSec Advisory business

ELIZA BAVIN  |  TUESDAY, 24 SEP 2019
Morgans has acquired CommSec Advisory for an undisclosed sum, after winning a tender conducted by the Commonwealth Bank of Australia. There are about 18 financial advisers in the team who collectively manage around $4 billion on behalf of clients. Both ...