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Showing 831 - 840 of 17942 results for "Bank"

Non-bank lender sued for dodging Credit Code

JAMIE WILLIAMSON  |  THURSDAY, 31 OCT 2024
... spokesperson for ASIC confirmed to the AFR that Oak Capital was on its radar and the regulator had been in contact with the non-bank lender in relation to its fee structure. A spokesperson for Oak Capital at the time said the firm had not received any ...

Barings brings first Australian private credit fund to life

JAMIE WILLIAMSON  |  THURSDAY, 31 OCT 2024
An unnamed global investor is seeding Barings' first Australian private credit vehicle, committing more than $230 million. Barings has launched two APAC credit funds, including the Barings Australian Private Credit Fund. The fund is for institutional ...

Commonwealth Bank finally relents on interest rate call

ELIZA BAVIN  |  THURSDAY, 31 OCT 2024
... remained stubbornly high - put the final nail in the coffin for those hoping for an interest rate cut in 2024. Commonwealth Bank head of Australian economics Gareth Aird was one of the last experts predicting a rate cut before Christmas, but yesterday's ...

Inflation falls within RBA's target range

ELIZA BAVIN  |  WEDNESDAY, 30 OCT 2024
... is the lowest annual inflation rate since the March 2021 quarter." However, despite inflation falling within the Reserve Bank of Australia's (RBA) target range of 2-3%, VanEck portfolio manager Cameron McCormack said a white Christmas in Australia is ...

Jones preps DBFO Tranche 2 for parliament

KARREN VERGARA  |  WEDNESDAY, 30 OCT 2024
Assistant treasurer Stephen Jones said the government will press on with Tranche 2 of the Delivering Better Financial Outcomes (DBFO) reforms that he is preparing to introduce in parliament. The highly anticipated set of changes promise to remove laborious ...

Qantas Super lowers investment fees, updates cash option

KARREN VERGARA  |  WEDNESDAY, 30 OCT 2024
... members. The Cash option's objective is to achieve a return after tax and investment fees equal to the Bloomberg AusBond Bank Bill index (net of tax), over a rolling one-year period. This has changed to include the words 'net of tax' in the ...

SMSF Association announces board director changes

MATTHEW WAI  |  WEDNESDAY, 30 OCT 2024
... said. "With over 25 years of board-level experience including roles on the Future Fund Board of Guardians and the Reserve Bank of Australia payments system board, her leadership has been invaluable. "We are grateful for her lasting impact on both the ...

KKR nabs JP Morgan sales manager

ELIZABETH FRY  |  TUESDAY, 29 OCT 2024
... Global Asset Management, looking after financial advisers and dealer groups. Before this, she also worked for the Commonwealth Bank of Australia, holding several sales and relationship management positions. "So good to have you onboard Jacqui," Hyde ...

ASIC secures win against HCF Life

ELIZA BAVIN  |  TUESDAY, 29 OCT 2024
The Federal Court has ruled in ASIC's favour, finding that a 'pre-existing condition' term in certain HCF Life policies was liable to mislead the public. The term was used in three contracts issued under HCF Life's 'Recover' range of products. ASIC ...

CommSec names new chief economist

ELIZA BAVIN  |  MONDAY, 28 OCT 2024
... professionals alike. Craig's impact has been immeasurable." In announcing his retirement, James thanked CommSec, Commonwealth Bank and Felsman. "I'm just one member of an extremely talented team of expert analysts and communicators. It's been an ...