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Showing 531 - 540 of 561 results for "CEA"

City Pac dumps MFS deal

RUTH LIEW  |  THURSDAY, 28 FEB 2008
City Pacific has announced that it is pulling the breaks on its offer to buy MFS Limited. According to a statement released on the ASX yesterday, City Pacific chief executive Phil Sullivan said that the Board of City Pacific has resolved that "it will ...

Westpac jumps in to save RAMS

CHRIS NICHOLLS  |  TUESDAY, 2 OCT 2007
Westpac has thrown a lifeline to troubled home loan lender RAMS Home Loans, offering to buy the franchise distribution arm for $140 million in cash. The purchase will include the RAMS brand, franchise network and associated mortgage origination, servicing ...

Private equity, hedge funds at risk

CHRIS NICHOLLS  |  TUESDAY, 31 JUL 2007
Up to half all hedge funds, at least one major bank and a "substantial percentage" of private equity firms in business today worldwide will cease to exist within five years, according to predictions made by GMO chairman, Jeremy Grantham. In his quarterly ...

Finsia appoints interim CEO

Finsia has appointed Stephen Harrison as interim chief executive officer following Brian Salter stepping down from the role. Harrison has played a number of support roles in the industry over the last 18 months on top of his non-executive interests ...

Government offers industry the simple life

CHRIS NICHOLLS  |  FRIDAY, 25 MAY 2007
Advisers will be able to offer simplified records of advice to clients investing less than $15,000, while businesses can post annual reports and new or revised product information online, under proposed new Simpler Regulatory System reforms. The bill ...

Over Fifty Group ends commercial mortgages

HAMISH MADDEN  |  TUESDAY, 1 MAY 2007
Over Fifty Group has announced it is ceasing its commercial mortgage lending business and related funds management activities. The closure of its mortgage lending unit follows the completion of a strategic business review, with the Over Fifty Group ...

Tax determination improves income protection

HAMISH MADDEN  |  MONDAY, 30 APR 2007
Under a recent tax determination, income protection offered through super funds can now be extended for two more years for ill health and injury. Tax determination 2007/3 (TD 2007/3) replaces TD98/27 and allows for the extension of insurance coverage ...

Court stops pair posing as bank

HAMISH MADDEN  |  FRIDAY, 27 APR 2007
The Australian Prudential Regulation Authority (APRA) has obtained court orders to prevent the unauthorised financial business 'The Federal State Bank of Australia' from calling itself or acting like a bank. The supposed "bank" was held up as an institution ...

ASIC acts to shut down scheme owing nearly $8m

HAMISH MADDEN  |  MONDAY, 26 MAR 2007
The Australian Securities and Investments Commission (ASIC) has commenced proceedings against a managed investment scheme which owes investors roughly $7.87 million. ASIC has taken action in the Adelaide Supreme Court to have a managed investment scheme ...

Daily economic round-up

PETER BELL  |  MONDAY, 12 MAR 2007
The US economy has continued to receive news indicating some serious danger signs as the second largest supplier of home lending facilities to those with poor credit histories, the New Century Financial Corp, has ceased making new loans and announced ...