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Showing 691 - 700 of 3933 results for "USI"

Cryptocurrency lender Helio charged for false credit licence claims

ANDREW MCKEAN  |  FRIDAY, 8 APR 2022
Melbourne-based cryptocurrency lender Helio Lending has been charged with falsely claiming that it held an Australian credit licence (ACL) when it did not. Helio Lending offered cryptocurrency-backed loans to consumers, using the digital currency as ...

ASIC takes Federal Court action against Macquarie Bank

ANDREW MCKEAN  |  TUESDAY, 5 APR 2022
ASIC has started civil penalty proceedings in the Federal Court against Macquarie Bank Ltd over alleged failures to monitor third party withdrawals from customer accounts. The corporate watchdog said that limited monitoring by Macquarie of transactions ...

Border rule-breaking former adviser banned

JAMIE WILLIAMSON  |  TUESDAY, 5 APR 2022
Mark Babbage, the financial adviser who was jailed last year for breaching Western Australia's tough border restrictions to attend the AFL Grand Final, has been banned from providing advice for 10 years. Babbage was arrested by Western Australia police ...

Recession-style policy but no recession: Grattan

ELIZABETH MCARTHUR  |  MONDAY, 4 APR 2022
Grattan Institute chief executive Danielle Wood has argued the federal government is spending as though there is a recession or a crisis, although there is no such situation. Speaking at the Financial Standard Chief Economist Forum in Sydney today ...

Clients place more value on human advice: Vanguard

CHLOE WALKER  |  FRIDAY, 1 APR 2022
A recent survey of US investors found the perceived value-add to annual performance was 5% when advice was provided by a human compared to 3% for digital-only. Surveying more than 1500 US investors who used a human adviser, digital service or both ...

GAM loses insto mandate

JAMIE WILLIAMSON  |  THURSDAY, 31 MAR 2022
The investment manager has disclosed the loss of a substantial institutional mandate and, in a separate matter, seen the details of a 2018 misconduct investigation aired by the UK regulator. Overnight GAM International announced an unnamed institutional ...

Budget targets home ownership rates

TOM WATSON  |  TUESDAY, 29 MAR 2022
The federal government has announced an expansion of support measures for prospective home buyers by floating a new Regional Home Guarantee and boosting the number of places available under several existing schemes. Under the new Regional Home Guarantee ...

HSBC nabs AMP Capital team

ELIZABETH MCARTHUR  |  MONDAY, 28 MAR 2022
HSBC Asset Management has a new listed infrastructure equity team and launched its first global listed infrastructure equity fund, with the team joining from AMP Capital. The team is led by Giuseppe Corona, head of listed infrastructure equity, and ...

ANZ becomes first Australian bank to develop stablecoin

CHLOE WALKER  |  FRIDAY, 25 MAR 2022
ANZ has made history with the first ever Australian bank-issued stablecoin payment, pegged to the Australian dollar, through a public permissionless blockchain transaction. The stablecoin transaction was successfully completed for Victor Smorgon Group ...

WTW adds cybersecurity consultant

JAMIE WILLIAMSON  |  WEDNESDAY, 23 MAR 2022
Willis Towers Watson is building out its cybersecurity capabilities, hiring a consultant to its Australasia financial lines team. Effective immediately, Rob Wiggan has joined WTW as cybersecurity consultant, bringing more than 30 years' experience in ...