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| | Westpac has posted a net profit of $1.8 billion for 3Q23, driven by steady operating revenue and disciplined margin management. Despite inflationary headwinds which led to a rise in expenses by approximately 5% for the second half of 2023 compared to ... |
| | | Melbourne-based cryptocurrency 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 ... |
| | | Pacific Equity Partners (PEP) will finance Household Capital, a reverse mortgage lender, to address the retirement funding and housing needs of senior Australians. PEP is investing in a financing layer of Household Capital's funding structure, alongside ... |
| | | The Australian Ethical Moderate Fund is set to launch at the end of the month and aims to offer a new, more balanced risk profile for investors. Speaking with Financial Standard, Australian Ethical deputy chief investment officer and head of multi asset ... |
| | | ... critical housing shortage. "For quite a while now, the major banks have been pulling back from what they're willing to lend in terms of tightening some of their covenant levels and reducing their exposure to certain sectors," Houston said. "This ... |
| | | ... to misconduct charges after he encouraged investors to move their super into a self-managed superannuation fund (SMSF) to lend those funds to his two companies. Naseeruddin admitted guilt to two charges of dishonest conduct and two charges of failing ... |
| | | Mortgage holders and retailers breathed a resounding sigh of relief when the Reserve Bank of Australia (RBA) steadied the cash rate for the second month in a row. In leaving the base rate at 4.1%, the RBA signalled that its monetary policy strategy ... |
| | | Mayfair 101 founder James Mawhinney believes the government should look into how ASIC's investigation into the firm was initiated and the speed at which it was carried out. Recent reports from The Australian suggest an email from John Hempton, founder ... |
| | | After several months' delay, Colonial First State's much-anticipated Edge platform has launched, with CFS distribution lead Bryce Quirk saying it's expected the new offering will fare as well as FirstChoice. Developed in collaboration with FNZ, CFS ... |
| | | Lendlease and Japan's biggest home builder have partnered on a $650 million build-to-rent apartment development at Melbourne Quarter. The development, located in Melbourne's CBD, will be the second build-to-rent residences to be delivered by Lendlease ... |
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