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Showing 451 - 460 of 2128 results for "Financial Year"

HSBC bails out Silicon Valley Bank UK

CASSANDRA BALDINI  |  TUESDAY, 14 MAR 2023
... 10 March 2023, SVB UK had loans of around £5.5 billion and deposits of around £6.7 billion, said HSBC. For the financial year ending 31 December 2022, SVB UK recorded a profit before tax of £88 million, while its tangible equity is expected to be ...

TAL offloads dealer group to CountPlus

KARREN VERGARA  |  FRIDAY, 10 MAR 2023
... indemnities appropriate for a business of this nature and size. Affinia generated net revenues of $3.03 million in the financial year ending 31 March 2022. Marcus O'Sullivan, the head of Affinia, will support the transition, while chair Steve Helmich ...

AET divestment drives Insignia profit gain

JAMIE WILLIAMSON  |  THURSDAY, 23 FEB 2023
... franked at 50% and payable on April 3. As for the company's outlook, Mota said: "We have begun the second half of the financial year with strong progress and positive momentum across the business through disciplined execution of our strategic initiatives." ...

Netwealth reports significant growth

ANDREW MCKEAN  |  WEDNESDAY, 15 FEB 2023
... secured several new licensee relationships that will begin transitioning and funding new accounts in the current financial year. The company also said that it maintains net flow guidance for FY23 at approximately $11 billion, subject to timing of transitions ...

Material business risk disclosure needs improvement: ASIC

KARREN VERGARA  |  MONDAY, 13 FEB 2023
ASX-listed companies continue to fall short of disclosing material business risks in their annual reports, according to the corporate regulator. ASIC commissioner Sean Hughes warned company directors to pull up their socks when it comes to improving ...

Pengana offloads Lizard Investors stake

CHLOE WALKER  |  FRIDAY, 10 FEB 2023
... five years." Pengana added that the divestment is expected to be earnings accretive in the second half of the 2023 financial year. "... However, it will result in the firm's reported total funds under management reducing by circa $258 million, which ...

AFA, FPA propose merged entity name

KARREN VERGARA  |  TUESDAY, 7 FEB 2023
... July 2023. A Certified Financial Planner member of the FAA will pay $995 in annual membership fees for the 2023-24 financial year. Rainmaker analysis of ASIC's Financial Adviser Register at the end of 2021 shows that the FPA is the preferred adviser ...

Macquarie profits boosted by commodities

CASSANDRA BALDINI  |  TUESDAY, 7 FEB 2023
... transaction activity is expected to be substantially down on a record FY22, with market conditions weakening in the financial year ending 31 March 2023 (FY23). Investment-related income is expected to be broadly in line with FY22 with increased revenue ...

Generation Development Group inflows decline, FUM increases

ANDREW MCKEAN  |  TUESDAY, 24 JAN 2023
... announced that Generation Life will be issuing a new product disclosure statement (PDS) in the second half of the financial year. The new PDS will offer additional product features to the company's investment bond, expand investment options and tax optimised ...

Praemium takes 53% hit to inflows

CASSANDRA BALDINI  |  MONDAY, 23 JAN 2023
... Separately Managed Accounts (SMA) increased by 11% to $9.0 billion from $8.1 billion. "The December quarter of the 2023 financial year has seen both Powerwrap and Praemium's SMA scheme continue to generate positive net flows," Wamsteker said. "The SMA ...