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Superannuation

Macquarie Wrap celebrates five years and $10bln FuA

Macquarie Wrap Solutions announced it passed the $10 billion mark for funds under administration last week coinciding with the fifth anniversary since being established in August 1999.

NAB to roadshow residential mortgage backed securities issue

AAP  |  MONDAY, 6 SEP 2004
National Australia Bank (NAB) on Friday said it would commence a roadshow for a residential mortgage-backed securities (RMBS) issue this week.

Bendigo Bank prices $300 mln 3-yr transferable deposit issue

AAP  |  MONDAY, 6 SEP 2004
Bendigo Bank on Friday priced $300 million of three-year transferable deposits maturing on 10 September 2007.

Macquarie a major media player as it buys DMG's regional assets

AAP  |  FRIDAY, 3 SEP 2004
Macquarie Bank is set to become a major player in radio with the acquisition of 57 regional radio stations from DMG Radio Australia for $193.5 million to add to its media investment fund.

RBC Capital launches $250 million Kangaroo transaction

AAP  |  FRIDAY, 3 SEP 2004
RBC Capital markets has launched a $250 million Kangaroo transaction for the Council of Europe Development Bank (COE).

ASIC publishes policy paper on conflict of interest in financial services

The Australian Securities and Investments Commission (ASIC) on Monday published a new policy statement on how it expects financial services licensees to manage conflicts of interest.

NAB says it hopes to reopen FX desk soon

AAP  |  TUESDAY, 31 AUG 2004
National Australia Bank said today it hopes to reopen its foreign currency options trading desk soon after a major overhaul in the wake of the rogue trading scandal.

St George says proposing $2 bln securitisation issue

AAP  |  TUESDAY, 31 AUG 2004
St George Bank said it is proposing a global multi-currency mortgage backed securities issue under its Crusade securitisation program.

Challenger disappoints investors with big goodwill writedown

AAP  |  TUESDAY, 31 AUG 2004
The Kerry Packer-backed Challenger Financial Services Group on Monday reported its first net loss since incorporating, impacted by a massive writedown of goodwill.

Colonial Finance to sell 5-year bonds off $3bln issue program

AAP  |  TUESDAY, 31 AUG 2004
Colonial Finance said on Monday it would sell two tranches of five-year bonds off its $3 billion debt issuance program in fixed and floating rate formats.