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Showing 441 - 450 of 1881 results for "Lending"

Aussie banks battered by pandemic

ALLY SELBY  |  TUESDAY, 5 MAY 2020
... credit charges related to COVID-19, a sharp reduction in earnings has also come from long-standing headwinds on margins and lending growth, he argued, alongside costs of remediating historical issues and restructuring business models. "As Australia emerges ...

Former Spectrum Wealth, NAB advisers banned

ELIZA BAVIN  |  THURSDAY, 30 APR 2020
... on the financial services conduct of Australia's largest financial institutions with respect to credit and retail lending, financial advice, fees for no service, superannuation trustees, insurance, unfair contract terms, and other licensee obliga ...

CBA sells CommSec Adviser Services

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 APR 2020
... general manager of CommSec Richard Burns said. The AUSIEX divestment excludes the Accelerator Cash Account and investment lending products which are offered under the CBA banking licence, and will continue to be offered by CBA. "We are pleased that AUSIEX ...

Curtains fall for two financial services companies

ALLY SELBY  |  MONDAY, 27 APR 2020
... wound up, with McGrathNicol appointed as the liquidator of both firms. ASIC applied to have both Audrn Group and Optima Lending Solutions wound up earlier this year, with investigations into both companies ongoing. South Australian-based Audrn has previously ...

COVID-19 damage to stretch several quarters: Natixis IM

ALLY SELBY  |  TUESDAY, 14 APR 2020
... business, he said. "In the US, stimulus checks for families may start arriving any day now. However, the small business lending programs have stumbled badly out of the gate," Lafferty said. "Bailouts to large businesses take time to negotiate - time ...

Chief economist update: BOK holds as infections ease

BENJAMIN ONG  |  TUESDAY, 14 APR 2020
... meeting, the BOK cut its base rate by 50 bps to 0.75% -- the first in over a decade - and reduced the Bank Intermediated Lending Support Facility rate by 50 bps to 0.25% to support SMEs affected by the virus, as well as broadening the eligible collateral ...

Charterhill founder incarcerated

ALLY SELBY  |  MONDAY, 6 APR 2020
... managing a corporation for five years. Four of Charterhill's businesses are currently under external control, including Lending Solutions International (liquidators appointed), Nova Real Estate (external administrators appointed), EJ Property Developments ...

Is it time to lean on the Future Fund?

KANIKA SOOD  |  THURSDAY, 2 APR 2020
... raised questions about liquidity concerns for superannuation funds, and some have proposed solutions like the central bank lending to superannuation funds at zero interest rates using their assets as collateral. Grattan Institute program director Brendan ...

Fixed income liquidity squeeze bites

KANIKA SOOD  |  THURSDAY, 2 APR 2020
... near future. "We will see a reinvigoration of the Australian corporate bond market in the coming weeks as banks continue lending, the securities will reprice and facilitate growth and liquidity again," he says. Bringing up the rear, with the worst discounts ...

Bigger balances, bigger blow: Elia

JAMIE WILLIAMSON  |  THURSDAY, 2 APR 2020
... super fund trustees to ensure they prioritise liquidity, undertaking regular stress-testing and reviewing their securities lending processes. APRA also requested super funds model the impact of early release, including the number of members expected ...