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Showing 431 - 440 of 2671 results for "Purchase"

State Street acquires custodian for $4.7bn

KARREN VERGARA  |  WEDNESDAY, 8 SEP 2021
... business, which also provides accounting and technology services. State Street will fund the $4.74 billion or US$3.5 billion purchase price via a combination of common equity, the suspension of common share repurchases before it resumes in June 2022 ...

New investment model for affordable housing proposed

ELIZABETH MCARTHUR  |  THURSDAY, 2 SEP 2021
... the funding gap was $500 million per annum (excluding return) for a housing project, a super fund could theoretically purchase 50% of that gap for $250 million. The fund would receive refundable tax offsets (RTOs) of 1/10th of the funding gap including ...

Economic recap: Week to August 27

BENJAMIN ONG  |  MONDAY, 30 AUG 2021
All talk and still no taper (yet). Along with the declaration of "mission accomplished" in the planet's war against the COVID-19 pandemic, the Fed's annual Kansas City Fed's Jackson Hole symposium is the most widely anticipated event of ...

Former adviser hit with criminal charges

KARREN VERGARA  |  MONDAY, 30 AUG 2021
... failed to act in the best interests of clients when advising them on establishing a self-managed superannuation fund to purchase properties during his time at Sentinel. ASIC alleges Toledo breached the existing banning order by providing financial advice ...

ClearView offloads advice unit

KARREN VERGARA  |  WEDNESDAY, 25 AUG 2021
... able to appoint one director to the Centrepoint board upon completion, which is anticipated occur around October 31. The purchase will be financed by the issue $12 million in escrowed Centrepoint shares and a cash consideration of $3.2 million. The CFA ...

Investment scams set to double

ANNABELLE DICKSON  |  TUESDAY, 24 AUG 2021
... ACCC said. In addition, imposter bond scams that impersonate legitimate companies and offer victims the opportunity to purchase fake corporate bond are also on the rise. In the first half of this year, there were over 58 reports and losses of more than ...

New equities LIC heads for the ASX

KANIKA SOOD  |  MONDAY, 16 AUG 2021
... Lanyon said it has formally committed to reinvesting 100% of the after-tax value of management and performance fees to purchase shares on the market, if its LIC trades at a discount. "This means that if any month the company trades at a discount to NTA ...

How wealthy families protect assets no matter what

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 AUG 2021
The wealthiest families in the world have mastered the art of asset protection through generations, even in the face of unpredictable and unprecedented events like the current pandemic. This was the consensus during a recent panel discussion on integrated ...

NAB to buy Citigroup's Australian consumer banking business

KANIKA SOOD  |  TUESDAY, 10 AUG 2021
NAB's purchase of Citigroup's local consumer business includes Citi's roughly 4000 wealth clients. NAB will pay Citigroup cash for the net assets and a premium of $250 million. Citigroup's consumer banking business includes lending assets of $12.2 billion ...

Conditional release for former Hillross adviser

ANNABELLE DICKSON  |  TUESDAY, 10 AUG 2021
A former financial adviser has received a conditional release without conviction for a period of two years after pleading guilty to false document charges. Wael Kourieh, who was an authorised representative of Hillross between 2010 and 2016, pleaded ...