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Showing 531 - 540 of 17938 results for "Bank"

MA Financial eyes acquisition

ELIZA BAVIN  |  WEDNESDAY, 21 MAY 2025
MA Financial has confirmed it is in talks to acquire IP Generation (IPG), a real estate asset manager with around $2 billion in assets under management (AUM). "MA Financial has a longstanding relationship with IPG, having provided property management ...

CSC, Future Fund, RBA pay data released

ELIZA BAVIN  |  WEDNESDAY, 21 MAY 2025
... pay gaps for well-known Commonwealth public sector employers such as the Commonwealth Super Corporation (CSC), the Reserve Bank of Australia (RBA), Future Fund and the Australian Taxation Office (ATO). "Releasing public sector gender pay gaps for the ...

Bell Asset Management names head of retail sales

MATTHEW WAI  |  WEDNESDAY, 21 MAY 2025
... was most recently head of distribution at Allianz Retire+, and has held various executive roles across AUSIEX, Commonwealth Bank, Colonial First State and Asgard, bringing deep expertise in retail distribution and adviser engagement. Bell AM chief executive ...

ASIC sues home loan manager over 'unlawful' hardship application handling

MATTHEW WAI  |  WEDNESDAY, 21 MAY 2025
... The Australian Securities and Investments Commission (ASIC) has filed legal proceedings against Resimac, which manages non-bank loans provided by Perpetual Trustees, for failing to provide appropriate care in responding to hardship applications. Resimac ...

AFCA looks to expand jurisdiction over receiving banks in scams

MATTHEW WAI  |  TUESDAY, 20 MAY 2025
... already closed at the end of June 2020. The key consideration among the changes include the consideration of a receiving bank in a scam transaction, which will allow the ombudsman to meet its new authorisation condition that "enables AFCA to investigate ...

Super funds covet more global equities: Research

KARREN VERGARA  |  MONDAY, 19 MAY 2025
... 2024. Between June and December 2024, J.P. Morgan's research calculated the purchase of $64 billion worth of domestic bank equity by super funds. "Historically, super funds have shown a tendency of purchasing bank stocks during periods of crises ...

RBA cut expected, but then what?

ELIZA BAVIN  |  FRIDAY, 16 MAY 2025
The Reserve Bank of Australia (RBA) is expected to cut interest rates when it meets next week by 25 basis points, bringing the official cash rate down to 3.85%. However, Commonwealth Bank (CBA) head of Australian economics Gareth Aird said he is not ...

Relaxed superannuation preservation rules will sink returns: Frontier

ANDREW MCKEAN  |  FRIDAY, 16 MAY 2025
A Frontier report, commissioned by the Super Members Council, has argued that current preservation rules provide super funds with the flexibility to invest in unlisted assets, and warned that permanently relaxing these rules will decrease long-term ...

Former adviser accused of theft loses lengthy extradition fight

JAMIE WILLIAMSON  |  FRIDAY, 16 MAY 2025
... misleading or deceptive. ASIC alleged Pearson created documents to disguise the fact she was funnelling client money into a bank account held in her company's name, Colisa, without their knowledge. It also alleged she misled her licensee at the time ...

FTX creditors await US$5bn distribution

KARREN VERGARA  |  FRIDAY, 16 MAY 2025
Collapsed cryptocurrency exchange FTX is set to pay out US$5 billion to creditors starting May 30. The proceeds will be distributed via the FTX Recovery Trust to eligible creditors either on BitGo or Kraken. This is the second round of distributions ...