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Showing 31 - 40 of 1423 results for "loans"

Westpac reports $7.2bn profit

KARREN VERGARA  |  MONDAY, 6 NOV 2023
... jump by 26% to $7.2 billion. The major bank's full-year performance to September reaped from $70 billion worth of home loans that transitioned from fixed to variable rates, forcing many customers to pay double the amount in mortgage repayments. The ...

Alternative assets are the way forward: Forum

CASSANDRA BALDINI  |  THURSDAY, 26 OCT 2023
... we're thinking about is, from an income perspective, property-related assets that have incomes associated with them, bank loans, infrastructure, special opportunities, private debt, and private equity," he explained. Choudhury said abrdn believes ...

Magellan chief executive quits

CASSANDRA BALDINI  |  WEDNESDAY, 25 OCT 2023
... its talent to drive performance. To achieve this, Magellan will address the existing Employee Share Purchase Plan (ESPP) Loans. "We are pleased to today announce that additional retention payments will be made to close out the ESPP Loan balances for ...

CrowdProperty opens to retail investors

CHLOE WALKER  |  MONDAY, 23 OCT 2023
... investors - ranging from individuals, SMSFs, trusts, and companies - can invest comparatively modest sums in multiple project loans with first mortgage security. "Traditionally, you would need hundreds of thousands of dollars to invest in a residential ...

Pepper Money launches SMSF loan offering

CASSANDRA BALDINI  |  MONDAY, 23 OCT 2023
Pepper Money has introduced a new offering, providing loans to self-managed superannuation funds (SMSFs) to purchase or refinance residential and commercial properties. With lending options up to $3 million, the 'super smart' loans are designed for ...

GCI establishes real estate arm

CHLOE WALKER  |  THURSDAY, 19 OCT 2023
... residential, industrial, commercial, and retail property as well as development sites. It currently does not offer construction loans. "Ultimately, our goal is to collaborate with borrowers to ensure a mutually beneficial journey toward success," Stone ...

RBA's multi-channel approach curbs inflation

ANDREW MCKEAN  |  THURSDAY, 12 OCT 2023
... services, this diversion of spending offshore would be helpful." Meanwhile, as interest rates increase, the availability of loans to households and funding for businesses shrinks via the credit channel. These higher rates pose heightened lending risks ...

Private credit boom sweeps Australia

KARREN VERGARA  |  TUESDAY, 10 OCT 2023
... more difficult to approve a loan. Because of that, private lenders are enjoying better returns," she said. For high quality loans, for example, with a loan-to-value ratio of 50% that is covered by collateral, Lai is seeing returns of about 12%, increasing ...

ASIC fines fintech for misrepresenting crypto product

CASSANDRA BALDINI  |  WEDNESDAY, 27 SEP 2023
... loan the crypto-assets to various third party borrowers in return for interest. A portion of the interest earned on those loans was passed on to Bobbob customers. When customers withdrew from the product, their investment (plus interest) was returned ...

NAB to pay $2.1m for knowingly overcharging customers

JAMIE WILLIAMSON  |  FRIDAY, 22 SEP 2023
... customers would be entitled to exemptions from periodic payment fees for certain transactions, such as payments to NAB home loans, NAB personal loans, certain NAB savings accounts and certain NAB service packages. The fees charged were $1.80 or $5.30 ...