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Showing 391 - 400 of 2617 results for "Loan"

Reserve Bank fallout after hawkish pivot

ANDREW MCKEAN  |  WEDNESDAY, 4 MAY 2022
... been immediate. A Rate City report has said if the banks pass on this hike in full, the average borrower with a $500,000 loan and 25-year mortgage term would see repayments shoot up by $65 a month. All four major banks have very quickly announced rate ...

Citi welcomes eight new hires

JAMIE WILLIAMSON  |  MONDAY, 2 MAY 2022
... in equities facilitation trading. Also joining in the coming months is Norbert Wong who will take on a client facing stock loan and Delta 1 sales role, Citi said. He is currently vice president - equity finance trader at Credit Suisse. Citi's low touch ...

75% of Aussies don't understand group cover: MLC Life

JAMIE WILLIAMSON  |  THURSDAY, 28 APR 2022
Superannuation funds must do a better job of communicating the value of group insurance, with research revealing just 25% of Australians understand what they're covered for, and many may not be adequately covered following recent reforms. MLC Life Insurance ...

Elon Musk buys Twitter for $61.4bn

ANDREW MCKEAN  |  TUESDAY, 26 APR 2022
... the Twitter board of directors. The innovative business magnate secured US $25.5 billion of fully committed debt and margin loan financing and will provide an approximate US $21 billion equity commitment. However, eToro global markets strategist Ben ...

Six cases brought against Westpac now finalised

JAMIE WILLIAMSON  |  FRIDAY, 22 APR 2022
... disclosed. For this, Westpac was fined $6 million. The other cases related to the on-selling of consumer credit card and flexi-loan debt with incorrect interest rates; charging of fees to deregistered company accounts that still held up to $120 million ...

Contango signs distribution deal, flags rebrand

JAMIE WILLIAMSON  |  THURSDAY, 21 APR 2022
Contango Asset Management has entered into a distribution agreement with a newly launched private credit manager launched by the former chief investment officer of Merricks Capital. It has also signalled its intention to rebrand. Woodbridge Capital ...

UBS Australia could be banned from Papua New Guinea

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 APR 2022
... Commission will shortly deliver its verdict in PNG after examining a 2014 decision by the PNG government to obtain an offshore loan from UBS Australia of US$1.3 billion. The Royal Commission has accused UBS of overcharging PNG. The terms of reference ...

J.P. Morgan's net income falls 42%

ANDREW MCKEAN  |  THURSDAY, 14 APR 2022
... a net credit reserve release of US$5.2 billion in the prior year which indicated an increase in the probability of higher loan losses. Nonetheless, J.P Morgan chief executive Jamie Dimon was pleased with a "healthy" $30 billion of revenue which came ...

Mayfair sues Mission Beach lender

ELIZABETH MCARTHUR  |  THURSDAY, 14 APR 2022
... opportunities. ASIC froze Mayfair's activities on 13 August 2020, Napla appointed receivers to administer the discharge of their loan which was secured by mortgages over 109 individually titled properties in the region. Default interest has been ...

Cryptocurrency lender Helio charged for false credit licence claims

ANDREW MCKEAN  |  FRIDAY, 8 APR 2022
... did not. Helio Lending offered cryptocurrency-backed loans to consumers, using the digital currency as security over the loan. ASIC alleged that around 20 February 2019, Helio falsely represented on its website that it held an ACL. ASIC further alleged ...