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Showing 581 - 590 of 1883 results for "Lendi"

RC interim report is fair: Spot poll

KARREN VERGARA  |  MONDAY, 8 OCT 2018
Findings in Commissioner Kenneth Hayne's interim report are fair and reasonable, according to Financial Standard's latest spot poll. The interim report, which summarised his views of the first four rounds of hearings, included financial advice ...

Sequoia adds to board

KARREN VERGARA  |  MONDAY, 8 OCT 2018
Sequoia Financial Group appointed an investment management veteran as a non-executive director. Timothy Martin is a director and co-founder of private debt and direct lending boutique investment management firm Causeway Financial. Martin brings more ...

Dishonest advice fees dent Westpac earnings

JAMIE WILLIAMSON  |  FRIDAY, 28 SEP 2018
Westpac's cash earnings for 2018 will take a $235 million hit due to ongoing remediation to financial advice customers. The institution is estimating its full-year cash earnings will be reduced significantly as a result of provisions set aside for compensation ...

Macquarie chiefs embroiled in German investigation

HARRISON WORLEY  |  FRIDAY, 28 SEP 2018
Macquarie Group executives, including outgoing chief Nicholas Moore and successor Shemara Wikramanayake, are embroiled in a German investigation that alleges the bank was involved in a share-trading scheme. In a statement released to the ASX on Friday ...

MSCI launches tobacco exclusion indexes

HARRISON WORLEY  |  THURSDAY, 27 SEP 2018
MSCI launched a series of market capitalisation weighted indexes excluding stocks involved in tobacco production. The new suite of indexes exclude all companies classified as producers of tobacco, and also excludes companies deriving 5% or more aggregate ...

AMP ditches SMSF lending

KANIKA SOOD  |  WEDNESDAY, 26 SEP 2018
AMP Bank has pulled the plug on its SMSF lending business, joining CBA and Westpac. AMP will support current SMSF home loan customers. But starting November, they will not be able to switch to interest-only or refinance their loans. This leaves Macquarie ...

Make sure you have cash: Geoff Wilson

KANIKA SOOD  |  WEDNESDAY, 26 SEP 2018
Veteran investor Geoff Wilson says a bear market is inevitable and investors should check their cash holdings. WAM Capital is currently holding 29.2% in cash, WAM Leaders 14.6% and WAM Microcap 21.9%, the manager said in a conference call for media ...

Industry veterans join global commission

DARREN SNYDER  |  MONDAY, 24 SEP 2018
The chairman at a $6 billion Australian infrastructure fund and a former AIST chief executive are being welcomed as executives of a new global financial sector initiative which targets the end of modern slavery and human trafficking. Joining the newly-formed ...

Chief economist update: Steady as she goes

BENJAMIN ONG  |  FRIDAY, 14 SEP 2018
Yesterday's European Central Bank's (ECB) Governing Council meeting would have been a big ho-hum were it not for some minor, albeit significant, tweaks in the bank's outlook. As expected, the ECB left interest rates unchanged - the benchmark ...

Industry body rejects ABA banking code

KANIKA SOOD  |  MONDAY, 10 SEP 2018
Australian Banking Association chief executive Anna Bligh's call for mutual banks, credit unions and building societies to adopt the ABA's new banking code of practice has been labelled "gratuitous" by an industry body which says a better code of practice ...