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Showing 911 - 920 of 6016 results for "Credit"

Legacy issues, business overhaul plague E&P results

KARREN VERGARA  |  FRIDAY, 25 AUG 2023
Legacy issues and ongoing structural changes continue to plague E&P Financial Group as it looks for better performance under the new chief executive in FY2024. The ASX-listed firm reported sinking revenues and profits in the last financial year of $167.1 ...

Munich Re targets AMP over alleged reinsurance misconduct

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
... these businesses. Francesco De Ferrari, AMP's then-chief executive, who later returned to oversee wealth management at Credit Suisse, said: "The sale of the Life business is a foundational step in our strategic transformation to become a simpler, client-led ...

JPMAM launches two active ETFs

KARREN VERGARA  |  TUESDAY, 22 AUG 2023
... manage duration and risk. As a fully flexible global fixed income solution, this strategy looks for opportunities to upgrade credit quality, increase liquidity and capture yield, whilst managing duration across different fixed income sectors. This helps ...

Qualitas scores another $700m from ADIA

CHLOE WALKER  |  TUESDAY, 22 AUG 2023
... Investment Authority (ADIA). The sovereign wealth fund will now invest a total of $1.4 billion in the Qualitas Diversified Credit Investments (QDCI) fund following its initial $700 million investment in August last year. The additional commitment brings ...

Westpac reports $1.8bn net profit, rise in stressed assets

ANDREW MCKEAN  |  MONDAY, 21 AUG 2023
... have an unpaid determination from the Australian Financial Complaints Authority relating to personal financial advice, credit intermediation, securities dealing or credit provisions. It will be funded by levies imposed on parts of the financial services ...

Crypto lender sentenced for false licence

CHLOE WALKER  |  FRIDAY, 18 AUG 2023
... lender Helio Lending (Helio) has been sentenced to a non-conviction bond for falsely claiming that it held an Australian credit licence (ACL) when it did not. In 2019, Helio falsely represented on its website that it held an ACL. At the time, Helio was ...

ASIC renews leadership team

CHLOE WALKER  |  FRIDAY, 18 AUG 2023
... supervision team, senior executive leader, markets infrastructure Nathan Bourne has been promoted to senior executive leader, credit, banking, and general insurance. In his new role, Bourne will assume responsibility for the day-to-day supervision of ...

Global wealth to rise 38% by 2027: Report

CHLOE WALKER  |  THURSDAY, 17 AUG 2023
Despite a decline in aggregate global wealth last year, UBS and Credit Suisse predict an upward trend over the next five years, reaching close to $979 trillion by 2027. The 14th edition of Credit Suisse's Global Wealth Report, now jointly launched with ...

Institutional investor pumps $750m into Qualitas fund

CHLOE WALKER  |  WEDNESDAY, 16 AUG 2023
... allow the investment manager to capitalise on upcoming attractive opportunities in the commercial real estate (CRE) private credit sector. The commitment of $750 million by an unnamed institutional investor brings the size of the fund to $1.95 billion ...

Assembly launches second diversified fund

CHLOE WALKER  |  TUESDAY, 15 AUG 2023
... environment since launching ADPF1 in 2019, AFM has developed a fairly unique investment approach which targets a mix of credit and equity investments across sectors to derive its target return," Gutman said. "This strategy has enabled us to continue ...