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Showing 741 - 750 of 7373 results for "Consumer"

ASIC sues debt management firm, director

CHLOE WALKER  |  THURSDAY, 10 AUG 2023
... Holdings Pty Ltd (Bakken), an operator of the debt management business Solve My Debt Now, following concerns of substantial consumer harm. It has also taken legal action against Bakken's director and co-owner Merrilyn Mansfield. ASIC has alleged that ...

Former advisers costs CBA $1.2bn in remediation

KARREN VERGARA  |  WEDNESDAY, 9 AUG 2023
... $704 million of the total customer remediation bill was attributed to other wealth services relating to advice quality, consumer credit insurance products, certain superannuation, and other products. About $673 million was remediated to customers suffering ...

ASIC looking to send message with eToro action

CASSANDRA BALDINI  |  WEDNESDAY, 9 AUG 2023
In launching legal proceedings against eToro, the regulator said it's going after the top dog in the contract for difference (CFD) market to send a message to the industry about the importance of the design and distribution obligations (DDO). During ...

Hejaz debuts Australia's first Islamic pension product

ANDREW MCKEAN  |  WEDNESDAY, 9 AUG 2023
... company's imperative to devise a solution that not only adhered to regulatory standards and Islamic mandates but also meets consumer demands. "You don't want to create a product that meets regulatory and Islamic requirements, but then fails to ...

ACCC slams door on ANZ, Suncorp deal

CASSANDRA BALDINI  |  FRIDAY, 4 AUG 2023
The Australian Consumer and Competition Commission (ACCC) has declined ANZ's $4.9 billion bid to acquire Suncorp Group's banking arm, citing concerns around competition and potential consumer detriment. The regulatory body said it remains unsatisfied ...

eToro sued by ASIC

ANDREW MCKEAN  |  THURSDAY, 3 AUG 2023
... unlikely to be consistent with their investment objectives, financial situation and needs, resulting in significant risk of consumer harm. The regulator alleges that between 5 October 2021 and 14 June 2023, almost 20,000 eToro clients lost money trading ...

Goldman Sachs launches global infra feeder fund for Aussie investors

CASSANDRA BALDINI  |  MONDAY, 31 JUL 2023
... are investing in the new energy transition opportunities; utility scale battery storage, renewable gas generation, pre-consumer waste to renewable gas," he said. Similarly, Camu pointed out that recent valuations in digital infrastructure have been high ...

Federal Reserve raises interest rates to a 22-year high

CASSANDRA BALDINI  |  THURSDAY, 27 JUL 2023
... approach in determining the extent of additional policy firming that may be appropriate. According to Powell, growth in consumer spending appeared to have slowed from earlier in the year but the labour market remained very tight. "Over the past three ...

Inflation falls to 6%

CASSANDRA BALDINI  |  WEDNESDAY, 26 JUL 2023
The Consumer Price Index (CPI) has softened to 6%, however a further rate hike in August is not off the table. The Australian Bureaus of Statistics (ABS) said headline inflation was lower than the 7% annual rise in March, marking the second consecutive ...

Recession risk is receding: Natixis IM

CHLOE WALKER  |  WEDNESDAY, 26 JUL 2023
... off, but we aren't through the woods yet," Natixis IM head of global market strategy Mabrouk Chetouane said. "Strong consumer spending, inflated cost of services, and geopolitical tensions may keep inflation lingering for longer which will result ...