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Superannuation

Fraud reforms to cost much more than FSR

AAP  |  WEDNESDAY, 31 MAR 2004
The cost to Australian businesses of reforms directed at money laundering is expected to be very large and take at least three years to implement, the 2004 Australian Fraud Summit heard yesterday

Regional banks look to business lending, wealth management: KPMG

AAP  |  WEDNESDAY, 31 MAR 2004
Australia's regional banks are set to benefit from improving business lending and wealth management operations, as consumer and home lending cools, according to KPMG.

Pengana seeks $100 million capital raising ahead of ASX listing

AAP  |  WEDNESDAY, 31 MAR 2004
Malcolm Turnbull's Pengana Capital is planning to raise up to $100 million for a new hedge fund investment vehicle ahead of a subsequent listing on the stock market.

Former managing director of FOGI to stand trial

AAP  |  WEDNESDAY, 31 MAR 2004
The former managing director of a failed commodity trading company was today committed to stand trial on deception charges after allegedly misleading company investors.

New AXA boss outlines aspirational goals

AAP  |  TUESDAY, 30 MAR 2004
The new head of the Australian and New Zealand operation of AXA Asia Pacific Holdings Andrew Penn today outlined six goals that he hopes will take AXA from a player to an industry leader.

Macquarie raises $230 million for US infrastructure fund

AAP  |  TUESDAY, 30 MAR 2004
Macquarie Bank today said it raised nearly $230 million for a United States closed-end infrastructure fund.

Cromwell to sell units in second CDPT offer

AAP  |  TUESDAY, 30 MAR 2004
Cromwell Corporation Ltd said it was selling units in the second offer of the Cromwell Diversified Property Trust.

NAB calls off crisis board meeting

AAP  |  TUESDAY, 30 MAR 2004
The beleaguered National Australia Bank yesterday called off a planned crisis meeting of the bank's board so lawyers could pore over proposed resolutions put forward by dissident director Catherine Walter.

Vamos resigns from ASIC

Australian Securities and Investments Commission director of FSR licensing Pauline Vamos has resigned from the regulator.

Zurich offers IT services

Zurich Financial Services and Online Business Technologies (OBT) have joined to provide outsourced IT services to financial advisers.