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Showing 561 - 570 of 721 results for "Class A"

Financial services outstrip mining: CommSec

MARK SMITH  |  TUESDAY, 30 OCT 2012
The financial services and insurance industries contribute more to percentage growth in the Australian economy than mining and natural resources, according to CommSec's Craig James. Sensing that delegates at the annual Association of Financial Advisers ...

Storm preyed on the naive: ASIC

MELANIE TIMBRELL  |  TUESDAY, 25 SEP 2012
Storm Financial consciously targeted unsophisticated retiree investors who owned their homes but were inexperienced in financial matters, a Brisbane court has heard. Allan Myers, QC who is representing ASIC said investors were lured by presentations ...

CBA proffers Storm settlement

BEN COLLINS  |  MONDAY, 17 SEP 2012
More money is available for victims of the Storm Financial collapse, after the Commonwealth Bank of Australia (CBA) and ASIC reached a settlement agreement. Up to $136 million will be offered as compensation for losses suffered by CBA customers who ...

APRA probe key in NAB case: Lawyers

BEN COLLINS  |  WEDNESDAY, 5 SEP 2012
It's APRA's understanding that National Australia Bank's (NAB) risk assessment of investments linked to toxic US subprime mortgages was insufficient, according to documents filled in the Supreme Court of Victoria yesterday. An affidavit tendered to ...

Swift resolution sought on Storm trial

MELANIE TIMBRELL  |  WEDNESDAY, 5 SEP 2012
Lawyers representing ASIC, the Commonwealth Bank, Macquarie and Bank of Queensland are expected to hold an emergency meeting tomorrow ahead of Federal Court proceedings on the 2008 collapse of Storm Financial. The meeting will attempt to negotiate a ...

Commbank knew of potential Storm collapse: lawyers

BEN COLLINS  |  WEDNESDAY, 22 AUG 2012
Lawyers for victims of the Storm Financial collapse said they have uncovered a document which proves that the Commonwealth Bank knew investors would lose their money during the global financial crisis. Barrister Tony Morris told the Federal Court in ...

Storm's victims counselled against settlement

BEN COLLINS  |  WEDNESDAY, 15 AUG 2012
Stewart Levitt, the lawyer representing victims of the failed Storm Financial Group has advised clients not to accept an out-of-court settlement, should one be offered. Levitt advised his clients not to support any move by the Australian Securities ...

AIMA helping super funds plan HF moves

MELANIE TIMBRELL  |  FRIDAY, 20 JUL 2012
The Alternative Investment Management Association will be working with local super funds on scenario analyses for moving more funds to suitable Australian alternative managers. Recent data from administrator GlobeOp showed that in June hedge funds globally ...

Market Wrap

AAP  |  TUESDAY, 19 JUN 2012
The Australian market looks set to open lower after a mixed performance on Wall Street as investors digest the results of the Greek election and focus turns to Spain's record borrowing costs. At 0755 AEST on Tuesday, the June share price index futures ...

Sequencing risk impacts super savings

LINDA HAUSKEN  |  THURSDAY, 14 JUN 2012
The post-global financial crisis combined with longevity issues has brought strategies to manage sequencing risk to the forefront in Australia, according to Chad Padowitz, chief investment officer at Wingate Asset Management. Although many retirees ...