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Showing 71 - 80 of 1423 results for "loans"

Former adviser jailed for nine years

KARREN VERGARA  |  MONDAY, 24 APR 2023
... hearing detailed how Fineff played his unwitting clients, 11 of which were approached to invest in Sentinel via advanced loans. Fineff had a 5% shareholding in Sentinel at the end of 2022 valued at $280,000. Other times, Fineff introduced clients to ...

ATO keeping tabs on SMSF early access, tax avoidance

KARREN VERGARA  |  FRIDAY, 21 APR 2023
... value of about $868 billion in assets. Among small businesses, Micale said this group has a higher rate of non-lodgement and loans to related parties for those funds with members operating a small business. "There also appears to be a higher proportion ...

Adviser complaints rise, super complaints decrease

KARREN VERGARA  |  WEDNESDAY, 19 APR 2023
... (18.2%). This is followed by complaints about deposit taking or payment systems (17.8%), housing finance (8.8%), consumer loans (8.7%), credit cards (7.6%), superannuation account administration (4.7%) and derivatives or hedging securities (3.3%). As ...

UniSuper awards private debt mandate to Revolution AM

ANDREW MCKEAN  |  TUESDAY, 18 APR 2023
... and New Zealand private debt. The specialist private debt manager focuses on generating stable income from senior secured loans, prioritising relative value across corporate leveraged loans, private asset backed securities, and real estate. Revolution ...

Regal names investment director

KARREN VERGARA  |  FRIDAY, 14 APR 2023
... in the recently launched private credit strategy, the Regal Private Credit Opportunities Fund. The fund invests in senior loans for small and medium-sized public and private companies in Australia and New Zealand, along with asset-backed loans and other ...

Linchpin, Endeavour directors found guilty

JAMIE WILLIAMSON  |  TUESDAY, 4 APR 2023
... take all reasonable steps to ensure Endeavour complied with its compliance plan, obtained member approval for related party loans, or issued product disclosure statements that complied with law. They also failed to exercise care and diligence, and did ...

QIC secures stake in smart metering company

KARREN VERGARA  |  TUESDAY, 4 APR 2023
... private debt deals in PRP Diagnostic Imaging (PRP) and The Entertainment and Education Group (TEEG). The senior secured loans form part of arrangements exceeding $1 billion in total facility size.

Lending to small businesses increases: Survey

KARREN VERGARA  |  MONDAY, 20 MAR 2023
... According to the Reserve Bank of Australia, small and medium enterprises are around twice as likely to default on their loans compared to mortgage customers and large corporations. Despite the narrowing spread between small and large business interest ...

HSBC bails out Silicon Valley Bank UK

CASSANDRA BALDINI  |  TUESDAY, 14 MAR 2023
... sectors, in the UK and internationally," HSBC Group chief executive Noel Quinn explained. As of 10 March 2023, SVB UK had loans of around £5.5 billion and deposits of around £6.7 billion, said HSBC. For the financial year ending 31 December 2022, SVB ...

Residential mortgages will defy headwinds: Study

KARREN VERGARA  |  TUESDAY, 14 MAR 2023
... 2022 - the lowest level in 15 years. Secondly, Foresight found that non-banks have "extremely low exposure to fixed-rate loans". These will, however, be a concern for the wider mortgage industry in 2023 as a significant number of borrowers come off the ...