Grandfathered commissions gone

The bill ending grandfathered conflicted remuneration was finally passed into law this week, with the new measures to take effect from 1 January 2021. The new law enables regulations to provide for…

KKR upsizes credit fund issue

Demand for credit funds has been strong this year, as retail investors chase higher yields. The latest fund to come to the market, the KKR Credit Income Fund, has increased its issue…

People: Frazis drafts Deloitte partner to help fix BOQ

Bank of Queensland has appointed Ewen Stafford as its chief financial officer (CFO) and chief operating officer. Stafford joins from Deloitte where is a partner in the banking and capital markets sector.…

Failing to pass on the full rate cut needn’t mean banks are profiteering

The unwillingness of the major (and other) banks to immediately cut their headline mortgage rates by as much as the Reserve Bank cuts its cash rate always attracts bad press, as well…

Grameen to launch local microfinance program

Grameen Australia, the local branch of the microfinance institution that started in Bangladesh in the 1970s, is preparing to launch its first microfinance project in this country. Grameen has been in Australia…

Australians no longer loyal to banks

The non-major banks are enjoying their highest share of new mortgage lending in 12 years, providing further evidence that more customers are comfortable switching financial products. Australian Finance Group’s (AFG) latest quarterly…

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Grandfathered commissions gone

The bill ending grandfathered conflicted remuneration was finally passed into law this week, with the new measures to take effect from 1 January 2021. The new law enables regulations to provide for a scheme under which amounts that would otherwise…

KKR upsizes credit fund issue

Demand for credit funds has been strong this year, as retail investors chase higher yields. The latest fund to come to the market, the KKR Credit Income Fund, has increased its issue size from $750 million to $925 million and…

People: Frazis drafts Deloitte partner to help fix BOQ

Bank of Queensland has appointed Ewen Stafford as its chief financial officer (CFO) and chief operating officer. Stafford joins from Deloitte where is a partner in the banking and capital markets sector. He has extensive experience in corporate executive positions…

Failing to pass on the full rate cut needn’t mean banks are profiteering

The unwillingness of the major (and other) banks to immediately cut their headline mortgage rates by as much as the Reserve Bank cuts its cash rate always attracts bad press, as well as condemnation from treasurers and prime ministers. After…

Grameen to launch local microfinance program

Grameen Australia, the local branch of the microfinance institution that started in Bangladesh in the 1970s, is preparing to launch its first microfinance project in this country. Grameen has been in Australia for 20 years but for all of that…

Australians no longer loyal to banks

The non-major banks are enjoying their highest share of new mortgage lending in 12 years, providing further evidence that more customers are comfortable switching financial products. Australian Finance Group’s (AFG) latest quarterly report shows that non-major banks accounted for 45.9…

Cordish Dixon funds to be wound up

Walsh & Co Investments has announced details for the winding up of two Cordish Dixon private equity funds. The principal assets of both Cordish Dixon Private Equity Fund I and Cordish Dixon Private Equity Fund II, interests in US Select…