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Showing 961 - 970 of 7105 results for "December"

HSBC bails out Silicon Valley Bank UK

CASSANDRA BALDINI  |  TUESDAY, 14 MAR 2023
... 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 UK recorded a profit before tax of £88 million, while its tangible equity is expected to be around £1.4 billion. ...

Dodgy advice bill nears $5bn: ASIC

CASSANDRA BALDINI  |  FRIDAY, 10 MAR 2023
... some remediation programs are ongoing. The watchdog said the institutions have paid or offered the total sum as at 31 December 2022 which included $1.1 billion paid or offered between 1 July and 31 December 2022. AMP will pay a total of $679,211,431 ...

Inflation decimates retiree purchasing power

ANDREW MCKEAN  |  FRIDAY, 10 MAR 2023
... retirees' purchasing power, posing a significant risk to their financial stability. With CPI now at 7.8% as of the December quarter of 2022, inflation has become an increasingly pressing issue for retirees, who worry that their retirement income ...

Unpopular funds garner higher returns: Research

CHLOE WALKER  |  THURSDAY, 9 MAR 2023
... rate of return method. It then compared these returns under different fund flow scenarios over the three-year period to December 2022. The sample consisted of 94 international equities products, including unit trusts and ETPs. Of these, 111 had net inflows ...

QAR does not "trash" FoFA: Anderson

CASSANDRA BALDINI  |  TUESDAY, 7 MAR 2023
... removal of Safe Harbour is a "key" part of the recommendation and something also suggested by Commissioner Hayne. "In December 2019, the ASIC Report 639 on advice provided by superannuation funds, found less than 50% of the files were deemed compliant ...

Centuria adds to glasshouse portfolio

CHLOE WALKER  |  TUESDAY, 7 MAR 2023
... operators with strong sustainability credentials in high revenue producing sectors such as protected cropping," he said. In December last year, CAF secured a South Australian glasshouse tomato farm for $70 million in an off-market transaction. "We have ...

Allan Gray transfers platform, exits super

JAMIE WILLIAMSON  |  MONDAY, 6 MAR 2023
... scale to continue to deliver premier administration support and service." YourChoice sits within OneSuper which, as at December 2022 end, had about $1.2 billion in total funds under management and 22,500 members. In the latest iteration of the APRA heatmaps ...

Stafford Capital Partners launches sustainable timber impact fund

RACHEL ALEMBAKIS  |  TUESDAY, 28 FEB 2023
... of the balance of credits, we will be increasing the volume of woods in those plantations." The fund was launched in December 2022 with a US$1 billion fundraising target and is expected to remain open to institutional investors during 2023.

ASIC bans mortgage broker for eight years

KARREN VERGARA  |  MONDAY, 27 FEB 2023
... recently banned financial advisers Rahul Goel and Sean John Sweeney from permanently working in financial services. In December last year, Goel was sentenced to three years in jail for fraud offences. He pled guilty to dishonestly obtaining over $35,000 ...

Clime profits slide, poised for further M&A

CASSANDRA BALDINI  |  MONDAY, 27 FEB 2023
... Clime's NPAT has slid to $236,000 from $445,000 in its half-year results. Clime explained results for the six months to December 2022 period came in lower due to planned integration costs of recent strategic acquisitions but believed the synergies were ...