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Showing 891 - 900 of 3030 results for "February 2016"

Federal Court freezes investment scam, winds up SMSF operator

ANNABELLE DICKSON  |  TUESDAY, 27 OCT 2020
The Federal Court has frozen the funds of a suspected investment scammer and ordered the winding up of two unlicensed financial services businesses, upon referral from the Australian Securities and Investments Commission (ASIC). The Federal Court has ...

ClearView adds to leadership team

JAMIE WILLIAMSON  |  TUESDAY, 27 OCT 2020
The diversified financial services business has made a raft of changes to its leadership team, including a fresh life insurance lead and new general manager of wealth management. ClearView has today announced a series of key management changes as part ...

Chief economist update: A V, a W and an L

BENJAMIN ONG  |  MONDAY, 26 OCT 2020
The latest results from the monthly Markit Economics PMI (purchasing managers' index) draws a picture of the three shapes of the economic recovery or otherwise. The letter V. Masked or unmasked, the IHS/Markit flash US composite PMI continues to ...

Societe Generale fined over client breaches

ANNABELLE DICKSON  |  WEDNESDAY, 21 OCT 2020
The French bank's Sydney operation has become the second company in Australia in as many months to be criminally prosecuted over breaching client money obligations. Societe Generale pleaded guilty to four counts of client money obligation breaches in ...

QSuper head of advice exits

KARREN VERGARA  |  TUESDAY, 20 OCT 2020
The head of QSuper's advice unit has departed after the superannuation fund restructured its financial-advice offering to members. Kim Hughes, who was appointed as the $110 billion superannuation fund's chief of advice for QInvest in February 2019 ...

Chief economist update: Middle Kingdom on top

BENJAMIN ONG  |  TUESDAY, 20 OCT 2020
China's cruel to be kind policy continues to pay dividends. Criticised and condemned they may be, but the swift and continued improvement in the economy prove that the Politburo's draconian restriction and lockdown measures implemented at the ...

Acting AMP Australia chief joins FSC board

ELIZABETH MCARTHUR  |  MONDAY, 19 OCT 2020
The Financial Services Council (FSC) has announced the acting chief executive of AMP Australia, Blair Vernon will join the FSC board as a director. FSC said Vernon is an experienced financial services executive with significant capability across a range ...

Derivatives issuer cops $75m penalty

ELIZA BAVIN  |  MONDAY, 19 OCT 2020
The Federal Court has imposed a $75 million penalty on OTC derivative issuer AGM Markets and former authorised representatives OT Markets and Ozifin. AGM was ordered to pay $35 million, while OTM and Ozfin have each been ordered to pay $20 million. ...

Keep spending and investing: Lowe

ELIZA BAVIN  |  THURSDAY, 15 OCT 2020
Australia will have a better economic outcome in the coming months if Australians ensure they keep spending and investing, according to Reserve Bank of Australia (RBA) governor Philip Lowe. Lowe said the nation's recovery will depend on how willing ...

BOQ sells insurance business

ELIZA BAVIN  |  WEDNESDAY, 14 OCT 2020
Bank of Queensland (BOQ) has entered into an agreement to sell its St Andrew's Insurance business to Farmcove Investment Holdings for $23 million. The bank said the sale is consistent with its refreshed strategy announced in February this year to deliver ...