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Showing 6651 - 6660 of 10710 results for "May 1997"

Market Wrap

AAP  |  TUESDAY, 30 APR 2013
The Australian market looks set to open higher following gains on international markets after the formation of a new government in Italy boosted confidence in the debt-riddled euro zone. At 0744 AEST on Tuesday, the June share price index futures contract ...

Banksia sells loan portfolio to Deutsche Bank

LAURA MILLAN  |  MONDAY, 29 APR 2013
Receivers and managers of Banksia Securities Limited, McGrathNicol, and trustee, The Trust Company announced the sale of Banksia's performing loan portfolio to Deutsche Bank with a face value of $238.8 million. McGrathNicol announced that there will ...

ASIC winds up 3 fraudulent QLD financial services companies

LAURA MILLAN  |  MONDAY, 29 APR 2013
The Supreme Court of Queensland has ordered three financial services companies to be wound up after they defrauded approximately $1 million between May and October 2012. An Australian Securities and Investments Commission (ASIC) investigation discovered ...

Patience with underperforming managers urged: NAB

MARK SMITH  |  MONDAY, 29 APR 2013
NAB Private Wealth has warned its clients that jettisoning a managed fund for recent underperformance could be an unsatisfactory strategy. Citing a recent US study into the behaviour of retail investors, the bank's private banking division said that ...

On austerity, growth and expectations

BENJAMIN ONG  |  MONDAY, 29 APR 2013
What grows when it's stimulated? No Stuart, I'm not thinking what you're thinking. According to Economics 101, economies tend to grow given enough stimulation. Forget Reinhart and Rogoff - last Friday they just did a Dijsselbloem (remember him? he ...

MFAA to train advisers on direct property for SMSF

LAURA MILLAN  |  FRIDAY, 26 APR 2013
The Mortgage and Finance Association of Australia (MFAA) has announced that it will train credit advisers on the opportunities that direct property investments may offer self- managed super funds (SMSF). The MFAA estimated that direct property investment ...

Changes in board culture, key to avoid risk

LAURA MILLAN  |  FRIDAY, 26 APR 2013
The boards of the companies in the financial services industry must change their culture and look at the "big picture" if they want to avoid risk and achieve stable growth, Risk Board suggested. Risk Board, an organisation created in 2011 to advise ...

ASIC appoints deputy chairman

LAURA MILLAN  |  FRIDAY, 26 APR 2013
The government announced the appointment of Peter Kell as deputy chairman of the Australian Securities and Investments Commission (ASIC) for a five-year period starting 6 May 2013. Kell joined ASIC as a commissioner in 2011 and has experience in both ...

BDO appointed administrator of the AFS Group

LAURA MILLAN  |  WEDNESDAY, 24 APR 2013
BDO Australia has been appointed as the voluntary administrator of the Australian Financial Services (AFS) Group. The creditors' report is due this Friday and the creditors' meeting has been scheduled for May 6, the administrator told Financial Standard. ...

EQT appoints interim CIO

LAURA MILLAN  |  WEDNESDAY, 24 APR 2013
Equity Trustees (EQT) has appointed George Boubouras as interim chief investment officer pending the outcome of EQT's takeover offer for The Trust Company. Boubouras joins EQT from UBS Wealth Management where he was head of investment strategy and consulting ...