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Showing 421 - 430 of 1195 results for "S64 Capital"

AMP Life awards mandate post acquisition

ELIZABETH MCARTHUR  |  WEDNESDAY, 1 JUL 2020
... billion cash and a $500 million equity interest in Resolution Life Australia. AMP expects the net proceeds to increase AMP's capital in excess of target surplus by approximately $1.1 billion. APRA has now registered the new non-operating holding company ...

Capital raisings top $27bn, dividends down $10bn

ELIZA BAVIN  |  TUESDAY, 23 JUN 2020
New research from Ord Minnet reveals capital raisings topped $27 billion as at June 22, while dividends have been slashed by $10 billion. Ord Minnett said among the three categories of capital management initiatives, capital raisings include share placements ...

Banks urged to step up

ELIZABETH MCARTHUR  |  FRIDAY, 22 MAY 2020
Reserve Bank of Australia governor Philip Lowe and APRA chair Wayne Byres have called on the big banks to support the Australian COVID-19 recovery, rather than their shareholders. Speaking during a FINSIA webinar, Lowe said over the past decade APRA ...

Powerwrap inks strategic partnership

HARRISON WORLEY  |  MONDAY, 18 MAY 2020
Powerwrap is now the global administration partner of a New York based alternative investments platform provider. The Australian platform provider has inked a deal to be administration partner of Qualis Capital. The firm is new on the scene, and plans ...

Retirees hurt by APRA dividend pressure

ELIZA BAVIN  |  THURSDAY, 14 MAY 2020
... some investors, including plenty of self-funded retirees, may never get back to where they once were. "While the bank's capital position is unaltered by having a rights issue to effectively fund the dividend, the shareholders are better off because they ...

Macquarie kicks off $400m raise

ALLY SELBY  |  MONDAY, 11 MAY 2020
Macquarie Bank has announced a $400 million capital raise, with the convertible notes set to be quoted on the ASX from Tuesday, May 19. The raise, aimed at both institutional and retail investors and Macquarie shareholders, will be issued at $100 per ...

Macquarie advice shift offers mixed results

HARRISON WORLEY  |  FRIDAY, 8 MAY 2020
Macquarie's advice shift towards high-net-worth clients has both dragged and contributed to the firm's full-year results. Announcing its full-year results to the market today, Macquarie revealed its banking and financial services arm made a ...

Kiwi investment firm nabs Aussie talent

ALLY SELBY  |  FRIDAY, 8 MAY 2020
... such a strong team together to expand the firm's offering in the Australian market. "With Australia and New Zealand's capital markets becoming increasingly synchronised, Jarden has for some time been looking at growth opportunities in the Australian ...

AZ NGA makes 64th acquisition

ELIZABETH MCARTHUR  |  THURSDAY, 30 APR 2020
AZ Next Generation Advisory (AZ NGA) has acquired a material interest in a risk advice business with offices in Sydney and Brisbane. Certe Wealth Protection is a specialist risk insurance advice business that currently employs four advisers and seven ...

ANZ profits halve, dividend deferred

JAMIE WILLIAMSON  |  THURSDAY, 30 APR 2020
ANZ has announced a 51% reduction in profits for 1H20 compared to last year as it defers its interim dividend awaiting greater clarity of the impact COVID-19 will have. The big bank's half-year results show a statutory profit after tax of $1.55 ...