BNPL for recruiters: Applyflow ready to roll
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Microcap Applyflow is set to get into the instalment payments game.
The software company, whose product runs websites for recruitment firms globally, is preparing to start offering instalment payments to its clients, which it reckons should help ramp up growth globally. Street Talk. Â
Louie Douvis
To make it happen, Applyflow is raising $5 million in an underwritten entitlement offer via Shaw and Partners. The raising launched on Tuesday morning at 0.5¢ a share and was due to wrap up later this week.
Funds raised would put together a kitty to get the instalment payments product up and running, while credit funding facilities are arranged, at a time when job markets globally spring back to life.
Westpac probed by regulator on insider trading allegations
Bloomberg
Bloomberg
Australia s securities regulator is probing Westpac Banking Corp. on allegations of insider trading, just months after the country s second-biggest lender paid a record fine to settle breaches of anti-money laundering laws.
The allegations relate to Westpac s role in executing a A$12 billion ($9.3 billion) interest-rate swap transaction with a consortium made up of AustralianSuper and a group of IFM entities in October 2016, according to a statement Wednesday from the Australian Securities & Investments Commission. AustralianSuper, Melbourne, has more than A$200 billion in assets.
The probe comes after Westpac paid an A$1.3 billion fine for violating rules to prevent money laundering last year, capping a saga that dented the bank s reputation and cost former Chief Executive Officer Brian Hartzer his job. Scrutiny on the nation s biggest banks remains intense after years of scandals and a litany of mis
Westpac and ASIC set for âRumble in the Jungleâ ASIC and Westpac are no strangers to the nationâs courtrooms, and the same old faces are involved.
Business by Richard Gluyas
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Subscriber only If ASIC is to be believed, Westpac s derivatives trading desk went rogue in the mid-morning of October 20, 2016, engaging in insider trading to put the bank s own interests ahead of a consortium of clients splashing out $16.2bn for half of Ausgrid, the NSW poles and wires business. But where ASIC sees black and white, Westpac sees plenty of grey, and in the absence of any settlement is likely to argue it did nothing more over a key two-hour period than engage in long-accepted market behaviour.
Westpac hit by Ausgrid jinx
Westpac should apply the salutary lesson from its run-in with AUSTRAC over breaches of the anti-money laundering laws to its latest legal proceedings initiated by ASIC - negotiate a pragmatic settlement.
May 6, 2021 – 12.00am
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Ausgrid’s reputation for jinxing the fortunes of those who come in contact with it was cemented this week with the civil proceedings for insider trading against Westpac Banking Corp.
Westpac’s name can be added to the list of people and organisations that have been tarred by the Ausgrid brush over the past six years.
ASIC is in the box seat to secure a settlement with Westpac for alleged insider trading in the over-the-counter derivatives market.
Former Arrium chairman grilled over 2016 collapse
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Five years to the day that administrators took charge of Arrium, including the assets later bought by British businessman Sanjeev Gupta, the former chairman of the collapsed steelmaker took the stand to fight off insolvent trading allegations levelled at him and his former board.
Jerry Maycock, who chaired Arrium from November 2014 until its demise, sat down in the NSW Supreme Court to discuss the events leading up to the decision taken by him and the other former directors on April 7, 2016, to call in the administrators.
Former Arrium chairman Jerry Maycock on Moly-cop: âMy view was that this is, was, still is, an excellent business.âÂ