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Showing 6411 - 6420 of 21771 results for "Dec"

Emerging market debt rebounds

ELIZA BAVIN  |  WEDNESDAY, 12 AUG 2020
Emerging-market (EM) debt rebounded strongly in the second quarter across hard currency sovereign and corporate credit as well as local-currency debt, according to Eaton Vance. Eaton Vance institutional portfolio manager director and alternative and ...

Chief economist update: Forecasting is futile

BENJAMIN ONG  |  WEDNESDAY, 12 AUG 2020
Be afraid... The National Australia Bank's (NAB) business confidence index dropped to a reading of -14 in July from zero in the previous month. "Confidence fell in all industries led by mining which saw a sharp decline. With the exception of retail ...

CBA profit takes hit, dividend cut

ELIZA BAVIN  |  WEDNESDAY, 12 AUG 2020
The Commonwealth Bank has announced an 11.3% profit hit due to the effects of the COVID-19 pandemic and slashed its dividend by 31%. The bank announced its FY20 results, saying it reflects the impact of COVID-19 on its customers and the economy, adding ...

Bendigo and Adelaide Bank to face fresh class action

ELIZABETH MCARTHUR  |  TUESDAY, 11 AUG 2020
Enrolments in a fresh class action against Bendigo and Adelaide Bank on behalf of investors in the Great Southern managed investment scheme are being finalised this week. EQ Legal director Sasha Ivantsoff told Financial Standard that 850 entities including ...

Brisbane broker permanently banned

ALLY SELBY  |  TUESDAY, 11 AUG 2020
ASIC has permanently banned a Brisbane-based broker from engaging in credit activities, after the corporate watchdog found he had falsified a letter of approval for a home loan. Jeffry Leonard Gordon has been barred from the industry and his Australian ...

Macquarie to transfer legacy pension product

KANIKA SOOD  |  MONDAY, 10 AUG 2020
Macquarie will transition pension members in its legacy SuperOptions product to a wrap style pension product, in a bid to lower administration fees and expand the investment offering. Macquarie closed the SuperOptions product to new members in June ...

MLC Wealth hires risk chief from QIC

KANIKA SOOD  |  MONDAY, 10 AUG 2020
MLC Wealth has hired QIC's long-standing chief risk officer in a similar role. David Clarke will join MLC Wealth in October as chief risk officer. Clarke joined QIC in 2007 and has led the risk function for the past seven years. Prior to this, he ...

Wheelhouse names new partners

ELIZA BAVIN  |  MONDAY, 10 AUG 2020
Wheelhouse Partners has completed its transition to its new independent structure after agreeing to acquire Bennelong Funds Management's stake in its business, naming a new chief operating officer, co-investor and distribution partner. The revised structure ...

Maurice Blackburn slams FSC

ALLY SELBY  |  MONDAY, 10 AUG 2020
Law firm Maurice Blackburn has slammed the Financial Services Council over its renewed campaign to allow insurers to call the shots on medical claims. Maurice Blackburn principal Josh Mennen said the changes would enable insurers to only pay the medical ...

GPT bleeds $520 million

ALLY SELBY  |  MONDAY, 10 AUG 2020
Real estate investment trust GPT Group has bled $519.1 million after tax for the first half of the year, pointing to COVID-19 related negative property movements for the heavy losses. All properties in the trust were independently valued during the ...