Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 511 - 520 of 2618 results for "Loan"

Multiples paid for client books dip

KARREN VERGARA  |  WEDNESDAY, 31 MAR 2021
... $80,000 to $120,000. The firm, which also brokers accounting and mortgage broking firms, found that demand for accounting and loan books has shot up. The short supply in accounting practices is garnering top prices from buyers, while mortgage brokers ...

MCP builds out team

ANNABELLE DICKSON  |  TUESDAY, 30 MAR 2021
... appointments come after Metrics reached an agreement to buy Investec's local corporate and acquisition finance (CAF) loan portfolio. Metrics is understood to be acquiring about $1.2 billion in assets from the transaction, and already has about $6.5 ...

REA Group to acquire Mortgage Choice

ELIZABETH MCARTHUR  |  MONDAY, 29 MAR 2021
... Choice to acquire 100% of outstanding shares for $1.95 cash per share in a deal worth $244 million. Mortgage Choice has a loan book of $54 billion, settlements of $11 billion in 2020 and in the six months to December 2020 it reported net revenue of $22.2 ...

Boutique hires fund services lead

KARREN VERGARA  |  MONDAY, 29 MAR 2021
... the Trust Company, working as an assistant manager and legal counsel before it was taken over by Perpetual. AMAL provides loan servicing, corporate trust and agency services. It has some $16 billion in funds under administration for Australian and New ...

Sydney boutique to buy a slice of Investec assets

KANIKA SOOD  |  WEDNESDAY, 24 MAR 2021
... Australia. Metrics Credit Partners has reached an agreement to buy Investec's local corporate and acquisition finance (CAF) loan portfolio. The acquired portfolio includes leveraged finance and fund finance loans to corporates and funds across business ...

RBNZ puts Westpac on notice

ANNABELLE DICKSON  |  WEDNESDAY, 24 MAR 2021
... action against the bank over material breaches of liquidity standards relating to incorrect treatment of specific funding and loan products for the purposes of calculating the Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR).

360 Capital to raise $93m

ELIZA BAVIN  |  FRIDAY, 19 MAR 2021
Investment and funds management group 360 Capital has launched an equity raising for up to $93.4 million to support the recapitalisation and restructure of Dealt Group. The investment manager said upon completion of the raise Dealt, formerly known as ...

Former Wallaby departs Westpac for NAB

ANNABELLE DICKSON  |  WEDNESDAY, 17 MAR 2021
... build on the momentum we are seeing in our broking business as we remain focused on delivering Australia's simplest home loan and strengthening our position as the bank behind the broker," Kerr said. "Phil's passion for customers, and success driving ...

Super for house deposits will push up prices: ASFA

KANIKA SOOD  |  MONDAY, 15 MAR 2021
... Australia currently does allow people to use voluntary superannuation contributions more than SG rates, to be used for home loan deposits under the First Home Super Saver Scheme (FHSSS) announced in 2017-18 budget. ASFA said as at September end, FHSSS ...

Pandemic boosts scam complaints

ANNABELLE DICKSON  |  THURSDAY, 11 MAR 2021
The onset of COVID-19 led to a sharp increase in the number of scam-related financial complaints, according to new data from the Australian Financial Complaints Authority (AFCA). AFCA's half-year statistics revealed scam-related complaints made up 23% ...