Financial Services

PM Capital eyeing second fund

Fund manager PM Capital is hoping to raise $200m for its second listed investment company in the space of five months.

Super funds maintain growth in 2014

by AAP
Average growth superannuation fund is up 10.5 per cent so far this financial year.

Pepper raises $500m in RMBS issue

Largest residential mortgage-backed securities issue of its kind since GFC closes.

Super funds maintain growth in 2014

by AAP
1 comment
Average growth superannuation fund is up 10.5 per cent so far this financial year: Chant West.

Mortgage melee hits banks' margins: NAB

Bank says fierce mortgage market competition is squeezing home lending profit margins.

Why you won’t be paying with your wristband

Nike has reportedly called time out on its FuelBand, failing to get enough scale among its millions of customers. Payments companies are watching closely.

NAB lags in customer satisfaction

by AAP
DBM survey finds ANZ, CBA and Westpac lead in business customer satisfaction.

Goldman Sachs Q1 profit falls

by AAP
US investment bank declines in some key trading divisions, but notched a big gain in financial advisory services.

Freeing the markets from HFT claws

Weighing in on the high-frequency trading debate, Joseph Stiglitz has reminded us that markets exist to provide a fundamental social purpose rather than to deliver profits for short-term traders.

Broking house founder jailed

by AAP
Sonray Capital Markets director Russell Johnson sentenced to 6.5 years.

Sawhney in key ANZ role

ANZ names Sameer Sawhney new head of global banking, international and institutional banking.

NAB's BNZ appoints Anthony Healy as CEO

Anthony Healy to replace Andrew Thorburn as head of Bank of New Zealand.

Challenger, ACA in infrastructure merger

Firms will create $4bn infrastructure fund through scrip-based merger.

Europe held back by banks: Yellen

US Fed chair says Europe has unfinished work on banking sector rehabilitation.

BofA nears multibillion-dollar settlement

US bank in talks with authorities over shoddy residential mortgage backed securities.

BoQ supported on Investec buy

Bank of Queensland has won strong support for its $440m acquisition of most of Investec’s Australian business.

Thorney fund likes the look of Money3

Alex Waislitz’s private Thorney Group yesterday took half of a $30m bond issue by listed payday lender Money3.

Credit Suisse reports profit plunge

by AFP
Swiss banking giant takes step backward as bond trade slumps.

Bank of America swings to loss on legal costs

by AFP
US bank stung by high costs of resolving its 'mortgage issues'.

Westpac to raise up to $1bn: report

Bank prepares to raise between $500m and $1bn through a listed convertible note.