NewsBite

Financial Services

Today

John Wylie

UniSuper withdraws Tanarra Credit Partners’ mandate; dealmaker resigns

The industry fund has yanked a multimillion-dollar private debt mandate as it seeks to consolidate its private credit strategy towards the bigger end of town.

  • 1 hr ago
  • Sarah Thompson, Kanika Sood and Emma Rapaport
Tiwi Islanders say they will be negatively impacted by the Barossa gas project.

Westpac’s Peter King keeps his promise on Tiwi Islands consultation

The outgoing CEO had said at last year’s AGM that he would to visit Indigenous leaders on country to listen to concerns about Santos’ Barossa gas project.

  • 1 hr ago
  • James Eyers
Gretel Janu was an executive director at E&P and led its research coverage of ASX-listed healthcare large caps.

E&P hires from Cooper Investors as healthcare analyst heads to Regal

The three hires were announced internally to E&P staff on Thursday morning.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
MA Financial co-CEO Chris Wyke and Frank Danieli, MA’s head of credit investments.

MA Money launches $500m RMBS deal

The deal comes a year after MA Money made its first securitisation, then the largest inaugural non-bank RMBS by a lender in Australia’s history.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
A dip in fraud is a signal that anti-scam innovations are helping to protect more Australians.

Collaboration is our best defence against scammers

A recent drop in scam losses shows that ecosystem-wide anti-scam initiatives are having an impact.

Sponsored 

by CBA

Advertisement
AirTrunk founder Robin Khuda is the ringleader of this year’s biggest M&A deal.

AirTrunk pumps Macquarie, Goldman Sachs up the M&A league table

It only takes one large headline-grabbing deal to push an investment bank to the top of the league tables and this year it’s all about AirTrunk.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

Yesterday

Adelaide businessman Ed Peter is restructuring part of his business empire.

Ed Peter’s Duxton empire in pain as it cuts jobs, sells properties

The former bank executive has built a considerable asset management business with wealthy backers. But tough times have forced it to restructure – and shrink.

  • Primrose Riordan and Simon Evans
NAB has told Senators APRA serviceability buffer could be reduced for first time borrowers.

NAB calls for lower home loan buffer to help first-time buyers

In a submission to the Senate inquiry, NAB says dropping HECS-HELP debt from serviceability calculations for first home buyers would boost borrowing capacity.

  • James Eyers
ANZ boss Shayne Elliott says the regulations assume applicants “earn today’s income forever”.

Banks blocked from factoring in rising income when assessing loans

A bank boss says it is “absurd” that regulations prevent expectations that a young, professional borrower’s income will rise after they apply for a home loan.

  • Updated
  • James Eyers
Sinead Taylor.

CBA shuffles executive team as it looks for next generation of leaders

Andrew Hinchliff will become chief risk officer and Sinead Taylor will run the institutional bank, amid other leadership changes unveiled on Wednesday.

  • Updated
  • James Eyers
Shayne Elliott with Jim Chalmers earlier this year. Mr Elliott was ANZ’s chief financial officer at the time of the capital raising.

ANZ loses appeal over botched $2.5b capital raising

The bank was attempting to have a ruling thrown out that it kept the market in the dark during a big institutional shortfall almost a decade ago.

  • Updated
  • Lucas Baird
Barrenjoey Capital Partners’ Mark Malouf.

Barrenjoey nabs CLSA operative to head up global sales

Street Talk understands CLSA institutional equity salesperson Amy Mallace has jumped across to the “vertical village”.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Campbell Chambers, founder and chief investment officer of Rushmont Capital Management.

New York, New York: Regal head of trading strikes out on his own

Rushmont’s senior advisory board includes former Morgan Stanley Australia chief executive Steve Harker.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Former RBA governor Philip Lowe and successor Michele Bullock.

Barrenjoey expunges Philip Lowe’s original sin

The start-up bank’s taking the former RBA governor back to where the relationship began.

  • Mark Di Stefano

This Month

Morgan Stanley’s research franks itself

The global banking giant’s equity strategists want to start a “conversation” about excess franking credits. If it can decide who has them.

  • Mark Di Stefano
Advertisement
CBA chief executive Matt Comyn at the Trans-Tasman Business Circle lunch in Sydney on Tuesday.

Buffer or blocker? Why APRA’s serviceability rule is so controversial

CBA boss Matt Comyn has defended APRA’s prudential settings from political attacks, saying housing policy must focus on supply.

  • James Eyers
Dexus CEO Ross Du Vernet.

Growthpoint in $132m selldown at Dexus Industria REIT

Growthpoint is bidding farewell to the REIT after seven years on the register.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
National Australia Bank chief executive Andrew Irvine.

NAB restructures markets, corporate finance division, more jobs to go

Redundancies are back on the agenda at National Australia Bank, a year after key personnel were cut loose.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Australia’s three credit bureaus have become two.

Credit score agencies combine, creating Australia’s newest duopoly

Experian has completed its $820 million acquisition of Illion, which Experian’s CEO says will help banks assess credit risk more dynamically.

  • James Eyers
A real estate agent adjusting a sign in London. Rightmove is the biggest property listing platform in the United Kingdom.

News Corp chief says higher Rightmove bid would have been ‘foolhardy’

The Murdoch family-controlled giant owns 61 per cent of REA, which had lobbed a $12 billion takeover bid for its British rival. But the offer was rebuffed.

  • Hans van Leeuwen

Original URL: https://www.afr.com/companies/financial-services