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Showing 581 - 590 of 1881 results for "Lending"

Sequoia adds to board

KARREN VERGARA  |  MONDAY, 8 OCT 2018
... 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 than 35 years' experience in the financial markets ...

Dishonest advice fees dent Westpac earnings

JAMIE WILLIAMSON  |  FRIDAY, 28 SEP 2018
... processes have also been accounted for, as have estimated costs for recent litigation such as that around irresponsible lending and the BBSW case. The estimated $235 million does not include those incurred in responding to the Royal Commission. Westpac ...

Macquarie chiefs embroiled in German investigation

HARRISON WORLEY  |  FRIDAY, 28 SEP 2018
... involving the $497 billion financial services giant. The German authorities are investigating Macquarie Bank's alleged role in lending capital to a group of "independent" investment funds. The funds were trading shares around the dividend payment dates ...

MSCI launches tobacco exclusion indexes

HARRISON WORLEY  |  THURSDAY, 27 SEP 2018
... Assembly this week. The pledge encourages signatories to consider the adoption of tobacco-free finance policies across lending, insurance and investment, in line with the United Nations' Sustainable Development Goals and the World Health Organization ...

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
... three examples of this: banks are already divesting their wealth business to move away from vertical integration; they are lending responsibly and as an example, approving loans at 20-30% less than what a customer asks to borrow; and macro prudential ...

Industry veterans join global commission

DARREN SNYDER  |  MONDAY, 24 SEP 2018
... discuss the financial services sector's approach to anti-slavery and anti-trafficking compliance; responsible investment and lending practices; and financial sector innovation to address modern slavery and human trafficking. Yesterday, the Commission ...

Chief economist update: Steady as she goes

BENJAMIN ONG  |  FRIDAY, 14 SEP 2018
... bank's outlook. As expected, the ECB left interest rates unchanged - the benchmark refinancing rate at 0%, the marginal lending facility rate at 0.25% and the deposit facility rate at -0.4% - while at the same time reiterating the reduction of its ...

Industry body rejects ABA banking code

KANIKA SOOD  |  MONDAY, 10 SEP 2018
... are not ABA members to adopt the code alongside its members in July, next year. The goal is to bring customers the same lending standard, regardless of who they chose to borrow from, the association said. Lawrence said several provisions in the COBA ...

Reverse mortgage lenders shortsighted: ASIC

KARREN VERGARA  |  WEDNESDAY, 29 AUG 2018
... many have a poor understanding of the risks and the long-term pitfalls, ASIC said. An ASIC review of reverse mortgage lending shows older Australians failed to consider how their loan could impact the ability to afford expenses in later years such as ...