Aquasia adds provisions to $541m fund over Konvoy Kegs
bestnews Sydney’s Aquasia, a private credit business founded and run by former ABN AMRO deal makers, has put in place provisions for losses to a $541 million fund that was the…
Financial Services
Departures at Regal-backed mining financier
Sydney-based mining financier Taurus Funds Management is bidding farewell to two dealmakers from its tight-knit team, whose recent exploits have included carving out Anglo American’s royalties for $US195 million ($309…
Matt Comyn’s CBA steps ups competition for AI engineers by opening Seattle office
Commonwealth Bank will rotate up to 200 of its top technology engineers annually through the United States, as it seeks to bolster its artificial intelligence capability by embedding some of…
Pengana freezes fund redemptions as it braces for big Opthea loss
The failure of Opthea’s much-heralded eye treatment has already caused considerable pain for investors. The ASX-listed biotech counted Phil King’s Regal Partners as its biggest shareholder, with a 30 per…
The Reject Shop finds a pot of gold at the end of a Canadian rainbow
The Reject Shop finds a pot of gold at the end of a Canadian rainbow
ANZ’s Paul O’Sullivan-led board prepares to release Oliver Wyman governance report
ANZ’s board plans to release a sweeping review of culture and risk governance in its embattled markets unit imminently, backpedalling on its previous stance to disclose only a summary. The…
Super fund’s global push threatens the Australian Dollar, Deutsche Bank says
The nation’s largest superannuation funds are investing nearly $5.4 billion of local retirement savings in overseas assets every three months, which could depress the value of the Australian dollar over…
Eyes on COG Financial’s register after Tony Robinson storms the board
Grab the popcorn, things are about to get interesting at COG Financial Services, a sleepy little roll-up of broking, leasing and lending businesses capitalised at $189 million on the ASX.…
WiseTech Global calls investment banking friends to drum up board candidates
M&As and capital raises. These are the two things that companies pay investment banks the big bucks for. Then there is an assortment of add-ons, usually thrown in for free…
Wall Street bonus pool surges to a record $75.2b for 2024
New York | Average Wall Street bonuses surged last year, with the total pool for payouts jumping to a record $US47.5 billion ($75.2 billion) as industry profits soared. The average…