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Showing 4181 - 4190 of 5511 results for "September 2008"

AIG: 100 per cent GFC proof

BENJAMIN ONG  |  TUESDAY, 17 MAR 2009
'Under these circumstances, it's hard to understand how derivative traders at A.I.G. warranted any bonuses at all, much less US$165 million in extra pay. How do they justify this outrage to the taxpayers who are keeping the company afloat?' US President ...

NAB merges three wealth units

MICHELLE BALTAZAR  |  THURSDAY, 12 MAR 2009
National Australia Bank is combining MLC, nab private wealth and nabInvest under one roof, appointing MLC chief executive Steve Tucker as the new head. In a strategy update to investors today, the bank has announced a restructure of its three previously ...

GESB seeks more unlisted exposure

RUTH LIEW  |  TUESDAY, 10 MAR 2009
West Australian-based Government Employees Superannuation Fund (GESB) is considering increasing its current asset allocation of 5 per cent into unlisted assets after it was hard hit by the downfall of equities markets. GESB, which had $8.4 billion in ...

Three firms wound up by ASIC

COMPANY RELEASE  |  MONDAY, 9 MAR 2009
The Supreme Court of New South Wales has wound up three companies promoted by Online Super Pty Ltd (Online Super) following an application by ASIC. ASIC brought its application following an investigation which raised concerns that Mt Whitsunday Pty ...

Macq makes further cuts

MICHAEL HOBBS  |  FRIDAY, 6 MAR 2009
Macquarie Bank continues to downsize its operations locally and overseas with more than 40 redundancies made in the bank's New York and London offices and at least 20 people cut from its Melbourne and Sydney branches. This week, Macquarie Bank has cut ...

Return of the hedge funds

MICHAEL HOBBS  |  TUESDAY, 3 MAR 2009
Global hedge funds have hit the ground running this year, returning 0.42 per cent in January while the S&P 500 Total Return and MSCI World Equity indices lost more than eight per cent. According to a VanMac report, the Greenwich Global Hedge Fund Index ...

IOOF quadruples platform reach after Skandia buy

MICHELLE BALTAZAR  |  MONDAY, 2 MAR 2009
Financial services group IOOF climbs through the ranks of platforms with the largest share of the non-aligned adviser market when it acquired Skandia Australia and Intech, a move that quadruples its slice of the sub-segment and adds more than $8 billion ...

Drinking is bad

BENJAMIN ONG  |  WEDNESDAY, 18 FEB 2009
What happens in Rome stays in Rome. Or so it should have been were it not for the sudden resignation of Japan's Finance Minister following the meeting of G7 finance ministers and central bankers on Valentine's Day. Japanese Finance Minister Shoichi ...

Asia FMs to wield more power

MICHELLE BALTAZAR  |  THURSDAY, 12 FEB 2009
While US and European fund managers are reeling from the wave of investor redemptions during the credit crisis last year, their Asian counterparts enjoyed net inflows to the tune of US$140 billion. According to a report from US-based researcher Strategic ...

Plusses and minuses

BENJAMIN ONG  |  THURSDAY, 12 FEB 2009
Australia is back in a situation where it is either looking at a half full or a half empty glass. Latest statistics released over the past few days have something for everybody. Glass half-full. Last week, the Australian Bureau of Statistics (ABS) reported ...