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Showing 491 - 500 of 1873 results for "lending"

Northern Trust chair defends Woodford loan

ELIZABETH MCARTHUR, KANIKA SOOD  |  TUESDAY, 17 SEP 2019
... a visit to Sydney last week, O'Grady said Northern Trust did extensive due diligence on Woodford's fund before lending it the money and was comfortable with giving it more flexibility under new circumstances. "We did extensive due diligence ...

Chief economist update: Whatever it takes, however long it takes

BENJAMIN ONG  |  FRIDAY, 13 SEP 2019
... facility by 10 basis points to -0.50%." The interest rate on the main refinancing operations and the rate on the marginal lending facility will remain unchanged at their current levels of 0.00% and 0.25% respectively." But from hereon, instead of expiring ...

Industry super fund headcounts to swell

JAMIE WILLIAMSON  |  FRIDAY, 6 SEP 2019
... professionals are transitioning. They are primarily driven by the relatively poorer culture at the banks and changes in lending conditions." The trend of super funds moving their investment operations in-house has had an impact on fund managers, with ...

BT faces fees for no service class action

ELIZABETH MCARTHUR  |  FRIDAY, 6 SEP 2019
... defending the claims." Westpac is also facing a class action from Maurice Blackburn over allegations it breached responsible lending obligations. The case alleges BT short-changed its members in the BT Super for Life cash-only option by investing through ...

Chief economist update: Super Mario's last hurrah

BENJAMIN ONG  |  TUESDAY, 3 SEP 2019
... To be sure, the ECB's TLTRO III (that came into effect this month) - designed to "help to preserve favourable bank lending conditions and the smooth transmission of monetary policy" - hasn't had time yet to filter through to economic activity. ...

YBR to remediate wealth clients

KARREN VERGARA  |  FRIDAY, 30 AUG 2019
... loss after tax of $37.39 million for FY19, the majority of which ($33.95m) came write downs of the wealth management and lending businesses. In May, chair Mark Bouris announced the wealth business restructure will result in job cuts; Frank Ganis stepped ...

Dividend payouts stagnate

KARREN VERGARA  |  MONDAY, 26 AUG 2019
... forecasted an ongoing trend of regulators not backing down from proposing changes to capital, remediation and responsible lending. "We remain cautious on the banks given ultra-low rates and stretched multiples. We expect CBA and WBC to join ANZ and NAB ...

Chief economist update: Tweeting Trump versus totalitarian Xi

BENJAMIN ONG  |  TUESDAY, 20 AUG 2019
... mechanism of LPR [loan prime rate] - effectively a rate cut - in order to "use market-based reform methods to help lower real lending rates." How good is that? China's stimulating its economy while at the same time trumpeting its march towards "market-based ...

Court dismisses Westpac lending practice case

KARREN VERGARA  |  THURSDAY, 15 AUG 2019
The Federal Court has dismissed ASIC's case against Westpac, alleging it breached responsible lending practices for home loans. ASIC alleged that between December 2011 and March 2015, the bank failed to properly assess whether borrowers could meet repayment ...

Fintech off to slow start in 2019: KPMG

KRISTI CHENG  |  TUESDAY, 6 AUG 2019
... 1H'19, particularly in more mature markets such as US, Germany, the UK, and fintech verticals. In sectors like payments and lending, investors have a good sense of platforms that will be sustainable, and directed their investments accordingly. In Europe ...