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Showing 451 - 460 of 2662 results for "SEPA"

UBS completes landmark Credit Suisse acquisition

ANDREW MCKEAN  |  TUESDAY, 13 JUN 2023
Wealth management powerhouse UBS has completed its acquisition of Credit Suisse, marking the end of the largest banking deal since the 2008 Global Financial Crisis. UBS acquired the crisis-stricken Credit Suisse for US$3.2 billion, with support from ...

Director banned for eight years

CHLOE WALKER  |  TUESDAY, 13 JUN 2023
The director of investment manager Foxi Capital has been banned from providing financial services for eight years after it was found he lacked relevant qualifications and experience, and misled investors. Foxi Capital director and Responsible Entity ...

AMP offloads SuperConcepts

JAMIE WILLIAMSON  |  THURSDAY, 8 JUN 2023
An investor group comprising private equity firm Pemba Capital Partners and several advice industry executives is buying the SMSF administration business and its SuperMate solution. AMP is selling SuperConcepts to Pemba Capital Partners, which is co-investing ...

Coinbase sued as US crackdown continues

JAMIE WILLIAMSON  |  WEDNESDAY, 7 JUN 2023
The Securities and Exchange Commission (SEC) filed a suit against Coinbase for, among other things, allowing users to trade unregistered securities. It follows Binance being sued just yesterday. The SEC has accused Coinbase of breaking market rules ...

SEC sues Binance, chief executive

JAMIE WILLIAMSON  |  TUESDAY, 6 JUN 2023
The Securities and Exchange Commission is suing the world's largest crypto exchange and its chief executive Changpeng Zhao for allegedly lying to regulators and mishandling billions of investor dollars. Binance Holdings, BAM Trading Services, BAM Management ...

Adviser registration extended to October

KARREN VERGARA  |  WEDNESDAY, 31 MAY 2023
Advisers now have until October 1 to register on ASIC's Financial Advisers Register, as the regulator extends the deadline. ASIC has pushed pack the slated July 1 registration deadline for several reasons. This will allow time for parliament to ...

Bank of Queensland slapped with EU

CASSANDRA BALDINI  |  WEDNESDAY, 31 MAY 2023
APRA and AUSTRAC have agreed to a court enforceable undertaking (CEU) following weakness in the bank's risk management and money laundering controls. APRA said it's acted following several beaches or its prudential standards and a review that ...

More PwC staff to go, will remain anonymous

CASSANDRA BALDINI  |  TUESDAY, 30 MAY 2023
PwC acting chief executive Kristin Subbins confirmed the embattled firm will stand down more senior staff while tax breach investigations continue, however their names will not be revealed. In an open letter, Stubbins apologised for the firm sharing ...

MySuper inches to $1tn

KARREN VERGARA  |  WEDNESDAY, 24 MAY 2023
MySuper assets have reached a new high of $964.5 billion thanks to the mandatory increase in superannuation contributions and market recovery. The year to March saw MySuper assets grow 5.1% to surpass the previous high reached in December 2021 of $947 ...

ASIC revokes Centurion subsidiary licence, suspends fund manager

ANDREW MCKEAN  |  WEDNESDAY, 24 MAY 2023
ASIC has cancelled the AFSL of Centurion Custodian Funds Management and suspended Huntley Management for non-compliance. The AFS licence of Centurion Custodian Funds Management, a subsidiary of Centurion, has been cancelled effective from January 18. ...