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Showing 4551 - 4560 of 6940 results for "% December"

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 ...

Brookes departs as CCSL chief

MATT WOODINGTON  |  WEDNESDAY, 31 AUG 2011
Chief executive officer Nicholas Brookes will leave superannuation trustee business CCSL today, following the company's sale to Diversa Group in April. Brookes founded CCSL in 2006 and has built up a healthy client base of 22 with $1.2 billion of funds ...

CBA in takeover bid for Count Financial

ALISON BEVEGE  |  TUESDAY, 30 AUG 2011
The Commonwealth Bank has announced a $373 million takeover bid for financial planning group Count Financial, which went into a surprise trading halt this morning before the news. Count Financial share volumes surged yesterday on the Australian Securities ...

Australian Capital Reserve directors plead guilty

MATT WOODINGTON  |  TUESDAY, 30 AUG 2011
The former directors of Australian Capital Reserve, the fundraising arm of Estate Property Group, have pleaded guilty to making false or misleading statements to obtain a financial advantage. Samuel Pogson and Murray Lapham each admitted to one charge ...

Count Financial profit surges on windfall float

ALISON BEVEGE  |  MONDAY, 29 AUG 2011
Financial planning group Count Financial reported a profit surge of $51.56 million, a 113% increase on the previous corresponding period, in its annual results today. The announcement was expected after the firm issued earnings guidance earlier this ...

AIA Australia creates Asia role, new CEO

ALISON BEVEGE  |  TUESDAY, 23 AUG 2011
Life insurance group AIA Australia has appointed chief executive Damien Green to a Hong Kong-based role where he will grow AIA Group business across the region. Green has held the reins at AIA Australia since November 2009 and will start the newly created ...