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Showing 81 - 90 of 17411 results for "Billion"

IAG settles $2.8bn lawsuit with Credit Suisse

ELIZA BAVIN  |  FRIDAY, 25 SEP 2026
... Greensill Capital. IAG said the terms of the settlement are confidential, but Credit Suisse was suing IAG for around $2.8 billion, plus interest. IAG said that the settlement of the Credit Suisse Proceedings would not have a material impact on its financial ...

Product Showcase: Making group insurance count

THE FINANCIAL STANDARD TEAM  |  THURSDAY, 24 SEP 2026
... and mental health-related illnesses continue to rise. In the 12 months to June this year, life insurers paid nearly $6 billion across more than 50,000 claims through group insurance. Those figures highlight that insurance within super is far from a benefit ...

Australian Ethical chair to step down in 2027

MATTHEW WAI  |  THURSDAY, 24 SEP 2026
... of Australian Ethical. Under his leadership, the company has grown from $700 million in funds under management to $14.5 billion and joined the ASX300," McMurdo said. "Steve has embodied the purpose of the organisation - investing for a better world - ...

ACCC green lights I Squared takeover of oOh!media

RIDDHIMA TALWANI  |  THURSDAY, 24 SEP 2026
... team," Kelly said. I Squared Capital is a global infrastructure investor dedicated to the mid-market, managing over $60 billion in assets.

Soul Patts records 'landmark' year after merger

MATTHEW WAI  |  THURSDAY, 24 SEP 2026
... continues to anticipate strong performance in the current financial year. Group statutory net profit after tax (NPAT) was $2.2 billion, up 501.9% from the prior year, driven by operating NPAT of $319 million, portfolio gains of $343 million, and non-recurring ...

Treasury consults to improve data visibility into MISs

RIDDHIMA TALWANI  |  WEDNESDAY, 23 SEP 2026
... collapse of Shield and First Guardian highlighted gaps in regulators' visibility of the sector, which costed Australians $1 billion of their retirement savings. In the consultation, Treasury proposes to improve regulatory environment through three steps ...

Prime Value Opportunities Fund winds up

KARREN VERGARA  |  WEDNESDAY, 23 SEP 2026
... time," PVAM said. Prime Value, together with sister company Shakespeare Property Group, currently manages more than $3 billion in assets across equities, income securities, property and alternatives.

Rest director for product departs

MATTHEW WAI  |  WEDNESDAY, 23 SEP 2026
... The general manager, product at Rest has left the super fund after nearly four years. Scott Tully has departed the $113 billion fund after a close to four-year stint. He joined Rest as head of investment option development in March 2023 on a contract ...

Praemium brings forward chair succession

VINNY VUCAGO  |  WEDNESDAY, 23 SEP 2026
... financial adviser or wealth manager. The chair transition comes as Praemium reported total funds under administration of $77.9 billion for FY26, up 21.1% from the previous year. Platform FUA rose 10.8% to $34 billion, while non-custodial portfolio administration ...

JPMAM, QIA join forces in $28bn partnership

MATTHEW WAI  |  TUESDAY, 22 SEP 2026
... Memorandum of Understanding (MoU) with Qatar's sovereign wealth fund Qatar Investment Authority (QIA) to establish a $28 billion (US$20bn) partnership to support ongoing investments initiatives, as well as financing opportunities to certain sectors in ...