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Showing 511 - 520 of 1898 results for "Lendi"

Undisclosed additional lending must stop

KRISTI CHENG  |  THURSDAY, 26 SEP 2019
The practice of lending by an unregistered second ranking charge must stop, according to Metrics Credit Partners managing partner Andrew Lockhart. The practice of giving additional lending without disclosing it to the bank, typically for commercial ...

Chief economist update: Morrison, Frydenberg cannot have their surplus and eat it too

BENJAMIN ONG  |  THURSDAY, 26 SEP 2019
Recent headlines underscore what Financial Standard had been ranting about months before. Those rants include The general economic uncertainty wouldn't be sufficient to prod businesses and consumers to invest and spend, even if interest rates were ...

APRA considers appeal in IOOF case

ELIZA BAVIN  |  MONDAY, 23 SEP 2019
The Australian Prudential Regulation Authority has labelled its failed action against IOOF and five of its senior officers as a test case. APRA deputy chair Helen Rowell said the regulator was disappointed by the decision last week but added the case ...

La Trobe Financial expands executive team

KRISTI CHENG  |  WEDNESDAY, 18 SEP 2019
Blackstone portfolio company La Trobe Financial recently expanded its executive team with the appointment of three senior banking veterans. With assets under management of $9 billion, alternative asset manager La Trobe Financial announced the appointment ...

Northern Trust chair defends Woodford loan

ELIZABETH MCARTHUR, KANIKA SOOD  |  TUESDAY, 17 SEP 2019
Northern Trust chair and chief executive Michael O'Grady has defended the company giving an embattled Neil Woodford fund added flexibility on a £150 million loan. The British fundie famously took to YouTube to apologise to investors after his fund ...

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

BENJAMIN ONG  |  FRIDAY, 13 SEP 2019
Financial Standard already said its piece several days before the European Central Bank's (ECB) September 12 meeting, concluding that: "Super Mario would want to go out with a bang (his last month in office) and do "whatever it takes" to mitigate ...

Industry super fund headcounts to swell

JAMIE WILLIAMSON  |  FRIDAY, 6 SEP 2019
Investment professionals based in Melbourne should have no trouble finding job opportunities with industry superannuation funds over the next 12 months, according to recruitment experts. According to Kaizen Recruitment, the current job climate remains ...

BT faces fees for no service class action

ELIZABETH MCARTHUR  |  FRIDAY, 6 SEP 2019
Westpac confirmed it has received a class action filed against BT Funds Management and Westpac Life Insurance Services in relation to BT's Super for Life cash investment option. Slater & Gordon filed the action on behalf of Tracey Ghee. Westpac ...

Chief economist update: Super Mario's last hurrah

BENJAMIN ONG  |  TUESDAY, 3 SEP 2019
"A significant degree of monetary stimulus continues to be necessary to ensure that financial conditions remain very favourable and support the euro area expansion, the ongoing build-up of domestic price pressures, and, thus, headline inflation developments ...

YBR to remediate wealth clients

KARREN VERGARA  |  FRIDAY, 30 AUG 2019
Yellow Brick Road is expecting to compensate wealth clients close to $1 million for failing its fee disclosure statements obligations. During the 2019 financial year, the ASX-listed firm identified some advice clients with ongoing fee arrangements may ...