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| | Macquarie Bank on Friday unveiled details of its plan to split into separate banking and non-banking businesses controlled by a non-operating holding company but cautioned that the blueprint would be subject to change. Macquarie issued a memorandum ... |
| | | US education company Kaplan has just taken over the teaching division of Finsia and while making a commitment to maintain the group's curriculum and teaching style, changes are also in the wings. Kaplan Australia chief executive Warren Jacobson said ... |
| | | ANZ has signalled a desire to the Dutch-owned ING Group to move to outright ownership of the ING Australia joint venture, the Herald Sun reported on Saturday. ING, however, has refused to enter negotiations. A fresh attempt by ANZ is likely to close ... |
| | | AMP chief executive Andrew Mohl acknowledged yesterday that life companies faced a challenge from the banks in one of their traditional strongholds, the risk insurance market. Mohl also announced he would leave AMP at the end of 2007 after five years ... |
| | | The appointment of Gail Kelly as Westpac's new chief executive is likely to change several merger and acquisition scenarios. Kelly is formally on six months leave (under the terms of her St George Bank contract) before taking the helm at Westpac in ... |
| | | Commonwealth Bank is reviewing plans for the transformation of CommSec, its equity and funds brokerage business, into a full service financial institution. CommSec is one of the jewels in the crown at CBA, a point underlined by its strong contribution ... |
| | | Mariner Bridge yesterday announced a full year net profit of $4.1 million, offset by a $10.4 million provision for the company's investments in the US securitisation market. Including a further $5 million provision for 2008, Mariner will have now written ... |
| | | In buying Scottish Pacific from St George Bank, BA Venture, a joint venture between commercial loan broker Balmain Commercial and Allco Finance Group, aim to bring scale to the fragmented market for debt factoring. Michael Holme, executive chairman ... |
| | | Macquarie Fortress Investments, an ASX-listed investor in senior debt securities of US companies, said the value of its loan portfolio fell by 4 per cent during July from June. While Fortress invests in senior debt only, the rise in credit spreads has ... |
| | | Hedge fund manager Absolute Capital posted a notice on its website yesterday saying that it had "closed" its flagship fund, the $200 million Absolute Capital Yield Strategies Fund. The Yield Strategies Fund is an investor in the structured credit market ... |
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