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Showing 51 - 60 of 463 results for "Wash"

Industry, APRA mull super merger costs

JAMIE WILLIAMSON  |  THURSDAY, 17 SEP 2020
... consolidation over the coming years. "If you're talking about $1.5 trillion in play, the 10bps is an awful lot of money to wash up against the wall to get a consolidated, rationalised industry," she said. However, she did say merger costs can also ...

Rapper charged over crypto scandal

ALLY SELBY  |  MONDAY, 14 SEP 2020
US rapper and actor T.I. is one of five individuals charged over his role in a fraudulent cryptocurrency offering, after the Securities and Exchange Commission found he had promoted and sold tokens on his social media accounts. Clifford Harris Jr, better ...

Impact investing seeks to address racial inequality

ELIZABETH MCARTHUR  |  TUESDAY, 11 AUG 2020
A new initiative in the US, with $4 million in backing from J.P. Morgan Chase, has seen a small business lender and an impact investor come together to address racial inequality. CDC Small Business Finance and Capital Impact Partners, which describes ...

Sydney Aussie equities manager trims fees

KANIKA SOOD  |  MONDAY, 10 AUG 2020
A Washington H. Soul Pattinson related Aussie equities manager has trimmed the fees on a newly-launched fund by 15bps. Contact Asset Management's mid-March launch of the Contact Australian ex-50 Fund has revised down its annual management fees from ...

Ironbark restructures two funds

KANIKA SOOD  |  WEDNESDAY, 29 JUL 2020
Ironbark Asset Management has appointed two managers as it restructures two previously multi-manager funds with the aim of improving liquidity and pricing. The Ironbark LHP Diversified Investments was previously managed by Lighthouse Partners, which ...

Insurers COVID-19 response slammed

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 JUL 2020
An announcement from the Financial Services Council (FSC) that life insurers would keep their COVID-19 support measures in place until the end of the year doesn't go nearly far enough, a lawyer has said. As part of the insurance response to COVID-19 ...

Chief economist update: US-China tensions escalate

BENJAMIN ONG  |  THURSDAY, 23 JUL 2020
Houston, we have a problem. The headlines say it all: "US-China tensions escalate after closure of Houston consulate" - The Guardian "China pledges to retaliate after U.S. orders closure of its consulate in Houston" - Washington Post "U.S. Orders China ...

ASIC will not appeal wagyu and shiraz decision

ANNABELLE DICKSON  |  THURSDAY, 23 JUL 2020
The corporate regulator has announced it will not appeal to the High Court's rejection ofits case against Westpac for alleged responsible lending breaches. ASIC commenced federal court proceedings against Westpac in 2017 alleging that between December ...

Bezos adds billions

ELIZA BAVIN  |  WEDNESDAY, 22 JUL 2020
Amazon founder Jeff Bezos added US$13 billion to his net worth in a single day marking the largest single day jump for an individual, according to the Bloomberg Billionaires Index. The spike in wealth was due to a near 8% spike in Amazon shares, due ...

Super reform should happen, but not now: Grattan

ELIZA BAVIN  |  THURSDAY, 2 JUL 2020
... table for a long time, and while they are worth doing, now is not the appropriate time. "By contrast, failing to manage the wash-up of COVID-19 over the next six to 12 months could lead to an unpleasant economic shock, progressing to a depression lasting ...