Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1 - 10 of 377 results for "Washington"

Income inequality elevated, spikes: Oxfam

KARREN VERGARA  |  TUESDAY, 16 APR 2024
... shows that borrowers are overindebted and need almost half (45%) of their debt cancelled. Head of Oxfam International's Washington D.C. Office Kate Donald said an agreement made last year by the World Bank to target cuts in inequality for the first time ...

Soul Patts raises stake in Perpetual

CHLOE WALKER  |  WEDNESDAY, 13 DEC 2023
After its bid to acquire Perpetual was rejected, Washington H. Soul Pattinson (WHSP) has increased its ownership in the fund manager to 11.6%, according to a filing made yesterday. Last week, Perpetual rejected WHSP's $3 billion acquisition offer, saying ...

Perpetual rebuffs Soul Pattinson takeover offer

ANDREW MCKEAN  |  THURSDAY, 7 DEC 2023
Perpetual has rejected a $3 billion acquisition bid from Washington H. Soul Pattinson, saying that it "materially undervalues" the company's Corporate Trust and Wealth Management divisions. Soul Pattinson, currently Perpetual's largest shareholder ...

Pengana launches first global private credit fund

CHLOE WALKER  |  WEDNESDAY, 11 OCT 2023
... return equivalent to the Reserve Bank of Australia (RBA) cash rate plus 8%. It follows a $200 million commitment from Washington H. Soul Pattinson as part of a joint venture with the fund manager, announced earlier this year. Pengana Capital Group chief ...

Mercer picked to advise Pengana Credit

CASSANDRA BALDINI  |  WEDNESDAY, 26 JUL 2023
... launch of Pengana Credit was preceded by a $200 million seed funding round poured into the new business by partner Washington H. Soul Pattinson (WHSP). "Private credit has seen phenomenal growth around the globe as one of the most exciting asset classes ...

Pengana appoints leaders for private credit division

CASSANDRA BALDINI  |  FRIDAY, 23 JUN 2023
... management of its private credit manager portfolio, which recently received a $200 million investment from partner Washington H. Soul Pattinson. Both appointments have been called a major win for Pengana Credit by the group's chief executive Russel ...

abrdn chief economist rejoins Reserve Bank

ELIZABETH FRY  |  MONDAY, 8 MAY 2023
... He began his career at the RBA in 2001 before serving as a senior economist at PNB Paradis, deputy director at the Washington DC think tank The Institute of International Finance and a senior economist at the OECD. "It is more than fair to say that I ...

$100bn withdrawal triggers First Republic stock plunge

ANDREW MCKEAN  |  WEDNESDAY, 26 APR 2023
... borrowings." Banking sector turmoil began with the collapse of Silicon Valley Bank, the largest US bank failure since Washington Mutual in 2008, and then continued with the failure of New York Signature Bank. Previously, JBWere chief investment officer ...

Soul Patts gives $200m to Pengana offering

CHLOE WALKER  |  WEDNESDAY, 19 APR 2023
Pengana Capital Group (Pengana) and major shareholder Washington H. Soul Pattinson (WHSP) have joined forces to launch a new global credit offering to Australian investors. Already, WHSP has poured $200 million of seed funding into the portfolio, which ...

Budget all about responsible economic management: Chalmers

CASSANDRA BALDINI  |  FRIDAY, 14 APR 2023
... economic uncertainty is responsible economic management and that will be displayed in the May federal budget. Speaking in Washington DC at the G20 Finance Ministers' and Central Bank Governors' Meeting and International Monetary Fund (IMF) World Bank ...
PREVIOUS
NEXT