More than 100 mainly elderly Australians lost their homes and savings when the rent-for-life scheme went under in 2019.
More than 100 mainly pensioners lost their life savings in the 2019 collapse of the rent-for-life scheme
The record high means Buffett doesn’t have enough chances to put the money in Berkshire’s pockets to work in higher-returning assets.
The lender has refocused on medium term, lower paying loans as it seeks to overcome the reputational damaged caused by payday loans.
A Supreme Court judge has again adjourned the probe of investment promoter Claude Strdanica amid claims he is back in hospital with an infection from cancer treatment.
China may even slip into contraction, analysts say, as the world looks to reopen from COVID-induced economic restrictions.
Liquidators and Chris Marco’s bankruptcy trustee have sought help on the sale of some of the alleged Ponzi operator’s assets.
Many think China will step in to manage a bailout of the Chinese property developer, but Beijing is keeping investors guessing.
The homegrown lender banked a $16.7m annual surplus, but has called out the increasing competition for the specialist skills it is pursuing for its digital upgrade.
The State Government-owned refiner says demand for minted products during COVID-19 was the strongest in its 122-year history.
Greg Medcraft is back in Australia after four years with the OECD in Paris.
Five V Capital has taken a significant minority stake in the WA-founded Perth firm.
WA’s biggest private health insurer recorded an $80 million gain on its $1.7 billion investment portfolio last year, offsetting rising costs on its $250m IT upgrade.
The debt management company is hoping to secure cheaper debt by the end of September to relieve the pressure on its bottom line.
The lender and pawn chain has recorded a rebound in lending, reporting a return to profit last financial year.
Gone are the days when having an impact was reserved for the super-wealthy. Mum and dad investors are increasingly wielding their influence on companies.
Challenger is on the look out for a new leader after long-time CEO Richard Howes announced his departure after 18 years with the financial services group.
Investor Andrew Chapman is less than impressed with missing out on a big lick of stock in a placement by digital consultancy Web Central ahead of a ripper run over the past nine months.
The listed investment company says it will combat uncertainty by looking to increase its stake in preferred blue chips.
However, the building company’s administrators say directors were of the belief that support from Pindan’s Singapore parent would keep the company alive.
The former head of Quintis’ US arm will be allowed to give evidence from the US, paving the way for ASIC’s case against Mr Wilson to be heard next month.
Some big names say shares markets are in the hold of a giant bubble and heading for an inevitable crash.
Liquidators say they are still trying to work out the fairest way of returning more than $20 million to hundreds of investors caught up in the suspected Ponzi scheme.
Unlike Willy Packer’s Investigator Trust, HBF’s investment committee chairman Mark Barnaba does not fear a markets meltdown but admits he is more cautious.
© West Australian Newspapers Limited 2021