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

Search Results

Showing 571 - 580 of 819 results for "Settlement"

ANZ provides banking services to DomaCom

LAURA MILLAN  |  TUESDAY, 23 APR 2013
... investment funds in its account with ANZ and when investors select their property and fulfil the investment fractions, settlement will occur online immediately in a system similar to the online trading of shares. The platform "will provide the self managed ...

Securities dealer scales back after ASIC review

LAURA MILLAN  |  THURSDAY, 4 APR 2013
Securities dealer Clearing & Settlement Services (CSS) has downsized its operations after the Australian Securities and Investments Commissions (ASIC) found it had failed to comply with conditions of its Australian Financial Services licence (AFSL). ...

Macquarie to compensate Storm investors in $82.5m deal

STAFF JOURNALIST  |  MONDAY, 18 MAR 2013
... proceedings brought against it by investors advised by Storm Financial and who had Macquarie margin loan facilities. The settlement, an amount of $82.5 million including litigation costs, includes an acknowledgement by the investors that there was no ...

Keep chasing architects of Trio collapse: Agencies

BEN COLLINS  |  FRIDAY, 8 FEB 2013
... Commission to continue their inquiries into the fraud, AAP reported. The committee also commended ASIC for helping reach a settlement with the Commonwealth Bank of Australia on compensation costs for the collapse of Storm Financial. Clients of the Townsville-based ...

NZ Super fund kicks out companies

BEN COLLINS  |  THURSDAY, 13 DEC 2012
Three construction companies have been kicked out of the $20 billion New Zealand Superannuation Fund's investment portfolio for allegedly breaking international laws in Palestine. Listed companies Africa Israel and its subsidiary Danya Cebus, Elbit ...

Market wrap AM

AAP  |  WEDNESDAY, 12 DEC 2012
... Bangkok. In company news, a hearing will be held in Victoria's Supreme Court to finalise National Australia Bank's settlement of a class action brought by shareholders. NEW YORK - Wall Street sprang back to life, putting the Dow Jones industrial average ...

China primed for encouraging rebound: HSBC

MARK STORY  |  MONDAY, 10 DEC 2012
... Meantime, he also expects RMB internationalisation to continue gaining momentum, not only in terms of rising trade settlement volumes but also RMB investment. This expansion, adds Hongbin applies to the domestic financial market as well as offshore RMB ...

Ex-Kangaroo and Storm adviser banned for non-compliance

MARK STORY  |  MONDAY, 3 DEC 2012
... deceptive conduct, and failed to pass on to (elderly) clients $60,051 paid to him in error by the Commonwealth Bank as a settlement under the CBA Storm Resolution Scheme. ASIC Commissioner Peter Kell concluded that Fullerton-Smith had failed to maintain ...

Storm preyed on the naive: ASIC

MELANIE TIMBRELL  |  TUESDAY, 25 SEP 2012
... unregistered scheme and were aware investors would lose their money if the market crashed. ASIC reached an out-of-court settlement with the Commonwealth Bank earlier this month and is pursuing Storm founders Emmanuel and Julie Cassimatis in a separate ...

CBA proffers Storm settlement

BEN COLLINS  |  MONDAY, 17 SEP 2012
... 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 borrowed from the ...