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Superannuation

UK launches probe into Citigroup bond trading

AAP  |  THURSDAY, 19 AUG 2004
Britain\'s financial watchdog said on Wednesday it had launched a probe into unusual trading by U.S. financial services giant Citigroup in European government bond and derivative markets earlier this month.

Macquarie Communications on track to meet 05 dist forecast

AAP  |  WEDNESDAY, 18 AUG 2004
Macquarie Communications Infrastructure Group (MCG) said today it is on track to at least match the 28.8 cents distribution forecast in its prospectus for the 2005 financial year.

APRA disqualifies four former super trustees

The Australian Prudential Regulation Authority (APRA) on Tuesday announced the disqualification of Michael van Rens, Anthony Glass, Terrence Lawson and Damian Foley from acting as trustees, investment managers or custodians under the Superannuation Industry ...

IOOF says value of subsidiary companies doubles

AAP  |  WEDNESDAY, 18 AUG 2004
Financial services group IOOF said on Tuesday the value of its subsidiary companies has more than doubled its prospectus forecast of $15 million.

Shareholders have the power; ASIC

In a clarifying statement issued today, the Australian Securities and Investments Commission (ASIC) confirmed only shareholders of a public company have the power to remove company directors.

Private investors could be involved in Tattersal's float: report

AAP  |  TUESDAY, 17 AUG 2004
Private investors could be invited to participate in the $2 billion stock market float of Victorian gambling company Tattersall\'s, it was reported today.

QBE expects Hurricane Charley claims within allowance

AAP  |  MONDAY, 16 AUG 2004
QBE Insurance Group said today it expects its net claims from Hurricane Charley in the US to be well within the substantial allowance for large losses and catastrophies in its insurance liabilities held at 30 June.

NAB said corporate customers hit by APRA conditions

AAP  |  MONDAY, 16 AUG 2004
Regulatory requirements placed on the National Australia Bank (NAB) following the foreign exchange scandal earlier this year had hit the bank\'s corporate customers, NAB chief executive Graham Kraehe said on Sunday.

Report calls for tougher limits on RBA board members

AAP  |  MONDAY, 16 AUG 2004
Central bank board members should be banned from any role with finance companies, including mortgage brokers and investment trusts, the influential parliamentary economics committee has recommended.

ASIC commences proceedings against Sydney firm, broker

AAP  |  FRIDAY, 13 AUG 2004
The corporate watchdog has commenced proceedings against a Sydney-based finance and insurance firm and one of its brokers.