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Showing 691 - 700 of 5908 results for "March 2012"

UBS throws $4.8bn lifeline to Credit Suisse

CASSANDRA BALDINI  |  MONDAY, 20 MAR 2023
UBS has agreed to acquire the embattled Credit Suisse for $4.8 billion. As part of the deal, the Swiss National Bank (SNB) will provide an additional $160 billion (CHF 100 billion)) in liquidity assistance to support the merge. UBS plans to appoint ...

NZ advisers begin new licensing regime

KARREN VERGARA  |  FRIDAY, 17 MAR 2023
Financial advisers in New Zealand are now operating under a new licensing regime that is regulated by the markets watchdog. From March 17, all financial advice providers (FAPs) must hold or operate under a full licence from the Financial Markets Authority ...

BT's Advance AM hit with stop orders

JAMIE WILLIAMSON  |  FRIDAY, 17 MAR 2023
BT Financial Group has been forced to suspend distribution of three of its Advance Asset Management funds for having non-compliant, "broadly drafted" target market determinations (TMDs). ASIC issued interim stop orders to BT and Advance Asset Management ...

E&P Investments hunts new RE

JAMIE WILLIAMSON  |  THURSDAY, 16 MAR 2023
E&P Investments is seeking proposals for a responsible entity to replace itself as responsible entity for six of its managed investment schemes, including the US Masters Residential Property Fund. E&P Investments is currently responsible entity for ...

Barings takes over Gryphon Capital

CHLOE WALKER  |  THURSDAY, 16 MAR 2023
The multi-billion-dollar global investment firm has agreed to acquire 100% of Sydney-based Gryphon Capital Partners (Gryphon), the parent company of wholly owned Gryphon Capital Investments (GCI). The deal aims to further accelerate Barings' entry ...

ASIC bans Queensland adviser

ANDREW MCKEAN  |  WEDNESDAY, 15 MAR 2023
ASIC has banned Queensland-based adviser Douglas Allen from providing financial services for three years. ASIC's review of Allen's advice files revealed that he employed a "layered advice" approach. The regulator discovered that his recommendations ...

HSBC bails out Silicon Valley Bank UK

CASSANDRA BALDINI  |  TUESDAY, 14 MAR 2023
HSBC has leapt to the rescue and purchased the embattled Silicon Valley Bank's (SVB) UK arm for a total sum of £1. The banking giant yesterday announced its UK ring-fenced subsidiary, HSBC UK Bank, would make the purchase, which excluded the assets ...

CALI hires policy director from FPA

KARREN VERGARA  |  TUESDAY, 14 MAR 2023
The Council of Australian Life Insurers has welcomed the former policy head of the Financial Planning Association of Australia to its leadership ranks. Ben Marshan will join CALI on March 27 as director of policy and industry affairs, following an announcement ...

Residential mortgages will defy headwinds: Study

KARREN VERGARA  |  TUESDAY, 14 MAR 2023
The residential mortgage sector will withstand the current headwinds driven by rapidly rising interest rates and cost of living pressures, a new study finds. According to Foresight Analytics, there are three key factors that will mitigate the risks ...

abrdn loses global chief economist

JAMIE WILLIAMSON  |  MONDAY, 13 MAR 2023
Jeremy Lawson has resigned as global chief economist for abrdn, opting to return to Australia. Lawson has served in the role for 10 years, first appointed in March 2013. In 2018, he took on the additional responsibility of leading the group's research ...