APRA orders ANZ to lift capital buffer to $1b, lashes risk culture
bestnews ANZ will be forced to hold an extra $250 million on its balance sheet to ward off against risks after the prudential regulator took the bank’s capital penalty to $1…
Financial Services
The secret Ferrari fire sale while dozens are out of pocket
The secret Ferrari fire sale while dozens are out of pocket
Aware Super ropes in ex Future Fund CIO, Mac bigwig
Aware Super, the country’s third-largest superannuation fund, has hired two private capital heavy-hitters to provide oversight of its investment portfolio as it punches past $190 billion. Sue Brake was Future…
Goldman Sachs veteran named Bank of America head of ECM
Bank of America has announced a new head of equity capital markets, signing up former APM chief strategy officer and two-decade Goldman Sachs veteran Ian Taylor. Street Talk understands that…
ASFA’s Mary Delahunty and ASIC’s Joe Longo try to communicate
The tiff between the Association of Superannuation Funds of Australia and the corporate regulator over their communications with each other (or lack thereof) went up a notch on Wednesday. ASIC…
AustralianSuper head of internaitonal equities Mark Hargraves says Europe will be hurt the most on ‘Liberation Day’
The country’s largest superannuation fund is resisting the temptation to pull money out of the United States sharemarket in favour of European stocks, warning the Continent will suffer the most…
Inside Virgin Australia’s pitch to kick off the airline’s IPO
Virgin Australia will be “simpler”, “more focused” and “more balanced” should it return to the ASX boards after nearly five years in private equity hands, and will be more disciplined…
One more round for Scape, GIC in $3b Aveo sale
A preferred bidder is set to be anointed at Aveo. Street Talk can reveal Brookfield’s sellside advisers are calling for best-and-final offers (BAFO) for the $3 billion-odd retirement living operator…
Citi energy and utilities research lead snares corporate gig
Citi head of Australian energy and utilities sector coverage James Byrne has called time on a decade-long on-and-off career with the Wall Street investment bank. James Byrne, head of energy…
PEP dealmaker throws weight behind shareholder transparency startup
A Sydney-based fintech is seeking to pull back the curtain on the identity of public company institutional shareholders and has secured the backing of seasoned dealmaker Pacific Equity Partners managing…