(195) See, eg, The Prince, 'ANZ a Moving and a Shaking', The Weekend Australian Financial Review (Sydney), 24-25 May 2008, 10; Ferrier Hodgson, 'Opes
Prime' (Press Release, 29 May 2008); Michael West, ANZ Makes Opes
Offer (online), 31 May 2008 <http://business.smh.com.au/ business/anz-was-warned-of-fraud-risk-20080530-2jwa.html>.
Prime collapsed in March 2008, ANZ and Merrill Lynch took control of portfolios worth about AUD1.3bn and sold them off partly to recover their secured debts, the report said.
Prime Group Ltd offered cheap loans to buy shares in small companies and the shares were transferred to ANZ and Merrill Lynch & Co as collateral.
Advisors has an integrated team of advisors offering financial planning, investment management and real estate investment advice.
Susan McHan, co-founder, president and CEO of Opes
Advisors, said, 'This alliance provides us the opportunity to come together to strengthen both companies.
ANZ chief executive Mike Smith reportedly said that the review would examine oversight and control of the bank's involvement in securities lending and the management of client relationships, including those with Opes
Also, the company said that the common stock and warrants will be listed under the symbols "OPES
" and "OPESW," respectively, on the Nasdaq Capital Markets.
Advisors' mortgage banking business generates retail originations from 39 retail locations in California, Oregon and Washington.
(NYSE: FBC) has said that it has closed its previously announced transaction to acquire certain assets of Cupertino, California-based Opes
Advisors Inc., a retail mortgage originator and wealth advisory firm.
The addition of 1 new ope
to the West elevation, 9 new opes
to the East elevation, and 4 new opes
to the South elevation.
Fidler proposes that onomotapoeic expressions (OpEs
) are a highly effective and economical linguistic device, which adds another dimension to linear narrative.
Advisors said it has appointed Bonnie Cotta to the position of business development manager for the South Bay.