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Showing 4091 - 4100 of 6251 results for "December 2002"

Market Wrap - Morning

AAP  |  FRIDAY, 16 SEP 2011
NEW YORK - US stocks got a boost Thursday despite poor domestic economic data after major central banks joined hands to ensure US dollar liquidity to Europe's embattled banks. In positive territory for the fourth day in a row, the Dow Jones Industrial ...

Macq appoints new COIN head

ELISE BURGESS  |  WEDNESDAY, 14 SEP 2011
Kirk Pitman, head of Macquarie's mortgage intermediary investment team, will replace Robert McCabe as Macquarie's head of product and technology for COIN Financial Software, effective October 1. McCabe moves into a new role within the Macquarie Banking ...

APRA drafts new super guidelines

ELISE BURGESS  |  TUESDAY, 13 SEP 2011
APRA's guidance on contribution, benefit accrual and payment standards are facing changes after the regulator released two new draft guidelines on the legislative requirements. The Australian Prudential Regulation Authority (APRA) has released two draft ...

FUM market slides back to $1.4tr

ALEX DUNNIN  |  TUESDAY, 13 SEP 2011
Funds under management overseen by investment managers slid back 1.7% during the June quarter to come to rest at $1.411 trillion, the first negative growth quarter since the same time last year. The slow growth dampened 12 month FUM growth to 5.3% ...

Trio directors accept APRA suspension

ELISE BURGESS  |  FRIDAY, 9 SEP 2011
Trio Capital directors, Rex Phillpott and David Andrews, have conceded to APRA that with the benefit of hindsight they should have acted differently and regret their actions, with the regulator accepting an enforceable undertaking from the pair. The ...

Smaller lenders to take brunt of Basel III reforms

MATT WOODINGTON  |  THURSDAY, 8 SEP 2011
Smaller institutions such as credit unions and building societies are likely to be hardest hit by the Basel III capital reforms, said PwC, following the Australian Prudential Regulation Authority's release of a discussion paper on the subject. APRA ...

AXA winds up billion dollar funds

ELISE BURGESS  |  WEDNESDAY, 7 SEP 2011
AXA Australia is in the process of winding up seven funds, including a $1.06 billion mortgage fund, with a withdrawal offer available on two others. An AXA spokesperson confirmed to Financial Standard yesterday that AXA had completed a review of its ...

BNP Paribas closes in on $130bn AMP/AXA mandate

ELISE BURGESS  |  TUESDAY, 6 SEP 2011
BNP Paribas Securities Services is completing due diligence to secure the entire $130 billion custody mandate from the merged AMP/AXA Asia Pacific Australia and New Zealand. BNP Paribas has managed AMP's custody contract for the last nine years and ...

Market Wrap - Morning

AAP  |  THURSDAY, 1 SEP 2011
The Australian market looks set to open higher after world markets rallied on hopes the US Federal Reserve would respond to mounting signs of weakness in the global economy. At 0750 AEST on Thursday, the September share price index futures contract ...

MyState builds momentum with Rock merger

MATT WOODINGTON  |  WEDNESDAY, 31 AUG 2011
Tasmania's biggest financial services firm MyState has agreed to a merger with Queensland based The Rock Building Society to form a combined business with $1.68 billion in funds under management and advice. MyState, which consists of MyState Financial ...