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Showing 81 - 90 of 20414 results for "Business"

Westpac profits drop as it prepares for leadership change

ELIZA BAVIN  |  MONDAY, 4 NOV 2024
... from the year prior, impacted by the sale of businesses in 2023, along with financial markets and wealth management. The Business & Wealth division, led by incoming Westpac chief executive Anthony Miller, saw net profit rise 13% and business lending ...

ACCC urges parliament to pass new merger laws

ELIZA BAVIN  |  MONDAY, 4 NOV 2024
... businesses when they are contemplating a merger, but for all businesses that may be affected by a merger such as suppliers, business customers in the supply chain and rivals," she said. "The changes will benefit business stakeholders by ensuring they ...

JP Morgan subsidiaries fined $230m by regulator

JAMIE WILLIAMSON  |  FRIDAY, 1 NOV 2024
... documents. As such, JPMIM was fined only US$1 million (US$1.5m) for the breach. "JP Morgan's conduct across multiple business lines violated various laws designed to protect investors from the risks of self-dealing and conflicts of interest," Sanjay ...

GROW Inc. chief executive steps down

JAMIE WILLIAMSON  |  FRIDAY, 1 NOV 2024
... GROW Inc., and with Australian Ethical live, I know the timing is right." "While I will still be deeply involved in the business, it's time for the next adventure. Those who know me understand my desire to make my time on this planet enjoyable and ...

Macquarie reports $1.6bn net profit

ANDREW MCKEAN  |  FRIDAY, 1 NOV 2024
... digitalisation programme - in Banking and Financial Services (BFS) - which reflected the benefits of the organisation's diverse business mix. Macquarie's "annuity-style activities" - which are undertaken by Macquarie Asset Management (MAM), BFS, and ...

Licensees pay $92m in compensation

ELIZA BAVIN  |  FRIDAY, 1 NOV 2024
... root cause(s) at all in less than 1% of reports." In general, most breaches were identified through staff reports or business unit reports (48%), followed by the internal compliance function (16%) and customer complaints via internal dispute resolution ...

Charter Hall, Hostplus bid price for HPI reduces

KARREN VERGARA  |  FRIDAY, 1 NOV 2024
... and does not compensate HPI securityholders for the value of the unique portfolio, or the strength and outlook for the business." The board urged shareholders to reject the offer and instead will provide them an update at the November 13 annual general ...

Non-bank lender sued for dodging Credit Code

JAMIE WILLIAMSON  |  THURSDAY, 31 OCT 2024
... borrowers are more likely to be at risk of serious financial hardship. ASIC will continue to take action where we consider business practices are designed to avoid consumer credit protections." In August, a spokesperson for ASIC confirmed to the AFR ...

Super complaints rise in FY24: AFCA

ELIZA BAVIN  |  THURSDAY, 31 OCT 2024
AFCA's Annual Review revealed the ombudsman service received a record 104,861 complaints from consumers and small businesses in 2023-24, up 8% on the year before. Of those, AFCA received 7325 superannuation complaints, a 5% increase from the previous ...

KKR nabs JP Morgan sales manager

ELIZABETH FRY  |  TUESDAY, 29 OCT 2024
JP Morgan Asset Management distribution manager Jacqui Crothers has taken up a new role at KKR's wealth business. Crothers has been appointed director of global wealth solutions at the private equity giant. Reporting to the local head of KKR client ...