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

Search Results

Showing 1 - 10 of 201 results for %22Loan Protection%22

ASIC extends intervention orders against predatory lenders

CHLOE WALKER  |  MONDAY, 8 JAN 2024
... products, ASIC added. ASIC deputy chair Sarah Court said that extending these product intervention orders ensures continued protection in the market against these high-cost lending products. "Predatory lending practices targeting vulnerable consumers ...

Aussie banks deliver record profits in FY23

CASSANDRA BALDINI  |  TUESDAY, 14 NOV 2023
Australia's major banks have achieved skyrocketing returns of $32.5 billion, up 14% from last year, driven by loan growth, margin expansion and the continued decline in notables. This year, profits exceeded the previous record set in 2017 at $31.2 ...

Crypto lender sentenced for false licence

CHLOE WALKER  |  FRIDAY, 18 AUG 2023
... During this time, Helio offered cryptocurrency-backed loans to consumers using the digital currency as security over the loan. As punishment, Helio has entered a recognisance in the sum of $15,000 for a period of 12-months on the condition of good behaviour. ...

Bentham opens fund to retail investors

CHLOE WALKER  |  TUESDAY, 4 JUL 2023
... based on a strong credit culture and a systematic investment process, with a focus on the preservation of principal and protection against downside risk." Quin added Bentham has a rigorous investment approach, where its investment team seeks to identify ...

TelstraSuper introduces new option, drops premiums

JAMIE WILLIAMSON  |  MONDAY, 26 JUN 2023
TelstraSuper is making changes to its investment menu, while also decreasing income protection premiums for members. The $25 billion corporate fund is introducing a new option for accumulation and TTR members from next month, the Moderate investment ...

Macquarie shifts toward AI-first banking

CASSANDRA BALDINI  |  WEDNESDAY, 21 JUN 2023
... categorisation technology and cashflow prediction features. Transfer prediction, process automation and further enhancements of loan application and payment fraud detection will also be available. "Macquarie will also work with Google Cloud to embed ...

MA Financial acquires US credit manager

CHLOE WALKER  |  TUESDAY, 2 MAY 2023
The listed fund manager is entering the US credit market through a buyout of New York asset manager Blue Elephant Capital Management (Blue Elephant). MA Financial is paying about $7.5 million for Blue Elephant, which was founded in 2013 and manages ...

Harvest Lane backs US cybersecurity firm

CHLOE WALKER  |  TUESDAY, 4 APR 2023
... his expertise in investment and value creation is made available to management." This round consists of new capital and a loan to equity conversion, Fedde added. "The round is being kept open due to discussions with other interested parties," he said ...

US agencies act to prevent crisis

JAMIE WILLIAMSON  |  MONDAY, 13 MAR 2023
... resilient." The US$209 billion Silicon Valley Bank was closed over the weekend by the California Department of Financial Protection and Innovation. The Federal Deposit Insurance Corporation was appointed receiver and created the Deposit Insurance National ...

Court fines ANZ for dodgy introducer program

KARREN VERGARA  |  MONDAY, 13 MAR 2023
ANZ has copped a $10 million penalty for its home loan referral program that breached consumer credit protection laws. The Federal Court found that the bank's Home Loan Introducer Program enabled unlicensed third parties to refer customers to ANZ for ...
PREVIOUS
NEXT