The Federal Reserve raised the benchmark interest rate by 75 basis points last month for the third consecutive time after August’s consumer price index (CPI) increased higher than expected. The fifth-straight hike this year to the federal funds rate brings it to a range of 3% to 3.25%, the highest since 2008. The Fed’s new projections show […]
The $715m margin lending portfolio of Australia and New Zealand Banking Group has been sold to Bendigo and Adelaide Bank. Firm: Piper Alderman (Bendigo and Adelaide Bank Limited) Deal: Piper Alderman
Bendigo and Adelaide Bank Limited has agreed to acquire the share investment lending portfolio of the major bank for its margin lending business. Bendigo and Adelaide Bank Limited has agreed to acqui