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Showing 461 - 470 of 2705 results for "Agreement"

Pendal, Perpetual amend deal terms

JAMIE WILLIAMSON  |  THURSDAY, 17 NOV 2022
... have agreed to revise the cash and scrip considerations of the deal, with both to be reduced. The two entities said the agreement was reached to further strengthen the balance sheet and enhance the combined group's flexibility. Now, Pendal shareholders ...

Chalmers gives Equity Trustees green light on AET

CHLOE WALKER  |  TUESDAY, 15 NOV 2022
After months of waiting, Equity Trustees has received ministerial approval to officially acquire Insignia Financial's Australian Executor Trustees (AET). Approval by treasurer Jim Chalmers was a condition precedent to completion of the $135 million ...

Stapling's consequences must be addressed: Cbus

ANDREW MCKEAN  |  MONDAY, 14 NOV 2022
... occupations should be excluded from the stapling regime, defaulted into the fund named in their enterprise bargaining agreement or award. On the submission, Cbus chief executive Justin Arter commented: "Because many young people move into new jobs in ...

ANZ to pay $42m in insurance lawsuit

CASSANDRA BALDINI  |  MONDAY, 14 NOV 2022
... some customers who purchased the policies in a bank branch or over the telephone. Slater and Gordon has also reached an agreement with the Commonwealth Bank. Commonwealth Bank will pay $50 million though said it makes no admission of liability and neither ...

Perpetual, Pendal deal on shaky ground

JAMIE WILLIAMSON  |  FRIDAY, 11 NOV 2022
... million break fee is "a small price to pay relative to the potential value destruction from pursuing a non-commercial agreement for Perpetual shareholders."

Rest extends custody mandate with State Street

CASSANDRA BALDINI  |  TUESDAY, 8 NOV 2022
... achieve their best possible retirement outcome. "We are especially pleased to expand and strengthen our longstanding agreement with State Street, who provide us with critical support to our front, middle and back offices, supporting us in the pursuit ...

Westpac updates on strategic priorities

CASSANDRA BALDINI  |  MONDAY, 7 NOV 2022
In releasing its full-year results, Westpac has provided an update as to its simplification efforts. The banking giant said one of its main priorities is the continued simplification of its business. Portfolio simplification relating to the businesses ...

FPA membership declines, deficit materialises

ANDREW MCKEAN  |  THURSDAY, 3 NOV 2022
... areas where the many disparate stakeholders across financial services agree, and to spotlight and amplify these areas of agreement with policy makers and regulators." Further, Abood harboured great concern for the drop in adviser numbers, especially ...

Credit Suisse restructures investment bank

JAMIE WILLIAMSON  |  FRIDAY, 28 OCT 2022
... management lending in emerging markets, and securitised products. This will be led by Louise Kitchen. It has also entered an agreement with a consortium led by Apollo Global Management to transfer a "significant portion" of its Securitised Products Group. ...

Nuveen to acquire Arcmont Asset Management

ANDREW MCKEAN  |  FRIDAY, 28 OCT 2022
... accelerating our growth across the entire private debt market." Regarding the transaction structure, the definitive agreement for Nuveen to acquire a controlling interest in Arcmont includes the minority stake held by Dyal Capital Partners IV. The transaction ...