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

Search Results

Showing 431 - 440 of 790 results for "Financing"

Westpac faces class action over life insurance

KARREN VERGARA  |  MONDAY, 16 OCT 2017
... led a class action against the Commonwealth Bank for allegedly breaching anti-money laundering and counter-terrorism financing laws. BT Financial Group said it will defend the legal action in relation to its life insurance products. BT chief executive ...

Proceedings filed against CBA in Federal Court

ALEX BURKE  |  MONDAY, 9 OCT 2017
... Financial Standard, the class action concerns CBA's alleged breaches of anti-money laundering and counter terrorism financing laws, which corresponded with a significant share price drop. In a statement, Maurice Blackburn said the fact proceedings have ...

CBA class action moves forward

KARREN VERGARA  |  TUESDAY, 5 SEP 2017
... class action against the Commonwealth Bank relating to alleged breaches of anti-money laundering and counter terrorism financing laws. The class action will consist of shareholders who purchased shares between 17 August 2015 to 3 August 2017, a statement ...

Hollywood star supports FCA complaints campaign

KARREN VERGARA  |  WEDNESDAY, 30 AUG 2017
... million PPI policies were sold albeit many, according to the FCA, were mis-sold via loans, credit cards, mortgages, car financing and overdrafts. PPI was designed to cover certain repayments in the event of a redundancy, an accident, illness, disability ...

ASIC flags stronger adviser surveillance

KARREN VERGARA  |  WEDNESDAY, 23 AUG 2017
... models. The regulator highlighted the risks resulting from structural changes in the financial system through market-based financing which is driven by growth in superannuation is something it will also closely keep an eye on.

US$4.1 billion infrastructure debt fundraising secured

EMMA RAPAPORT  |  MONDAY, 21 AUG 2017
... Infrastructure companies increasingly view private mezzanine debt as an ideal source of funding for a range of their specialised financing needs," he said. AMP Capital's first infrastructure debt fund was closed to new investment in 2012 after raising ...

Fiducian flags advice acquisitions in report

ALEX BURKE  |  FRIDAY, 18 AUG 2017
... was up 24% to $8.7 million, and net cashflows were up from $5.5 million to $8.6 million. Adjusting for investing and financing activities, though, net cash was down from $9.7 million last year to $9.5 million. Overall, funds under management, advice ...

BlackRock takes majority stake in Australian solar farm

ALEX BURKE  |  FRIDAY, 11 AUG 2017
... expertise in the sector." Edify chief executive John Cole said: "We are excited to have closed a second large-scale solar financing project with the CEFC and consider this transaction to be another significant step forward in mainstreaming solar power ...

CBA contemplates CommInsure sale

ALEX BURKE  |  WEDNESDAY, 9 AUG 2017
... Federal Court proceedings against the bank, alleging that CBA contravened the Anti-Money Laundering and Counter-Terrorism Financing Act 2006. CBA acknowledged these proceedings in its results, with chair Catherine Livingstone saying CBA's board "recognises ...

CBA blames reporting failure on software error

EMMA RAPAPORT  |  MONDAY, 7 AUG 2017
... Federal Court proceedings against the bank, alleging that CBA contravened the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 more than 53,000 times. The allegations include that CBA was late to report IDMs were potentially being used ...