You are using an older browser version. Please use a supported version for the best MSN experience.

Goldman, UBS Join Celebrities in Australia Wildfire Relief

Bloomberg logoBloomberg 4 days ago Harry Brumpton

Microsoft News US is supporting Microsoft News Australia in its campaign to help respond to the devastating bushfires that are ravaging the country. Together we are raising funds for Australian Red Cross, St Vincent De Paul Society and The Salvation Army. These organizations are helping communities across the country. You can help by donating here . For the latest news on this disaster from MSN Australia, visit Bushfire emergency.

KANGAROO ISLAND, AUSTRALIA - JANUARY 17: An aerial view of burnt trees, cars and buildings on January 17, 2020 in Kangaroo Island, Australia. Kangaroo Island is recovering in the aftermath of a series of bushfires which started on 4 January. The fires, some of which are still burning, claimed two lives and have burned more than 210,000 hectares of land so far. Tens of thousands of native animals have been killed or injured, hundreds of thousands of livestock have been killed and 65 homes have also been destroyed. (Photo by Bill Blair/Getty Images)
Slideshow by photo services

(Bloomberg) -- Some of the world’s biggest investment banks are deploying their financial muscle to help Australia cope with deadly wildfires, joining a growing list of companies and celebrities who have donated tens of millions of dollars to disaster relief.

UBS Group AG’s Australia unit plans to pass on all cash equity commissions the bank made on Australian trades on Feb. 12, according to an internal memo circulated this week and seen by Bloomberg News. The money will be donated to the Australian Red Cross Disaster Relief and Recovery fund.

It joins Goldman Sachs Group Inc. and MUFG Bank Ltd. who have offered donations of A$725,000 ($500,000) and A$40,000 respectively. The nation’s four biggest lenders have also stepped up, with National Australia Bank Ltd. donating A$5 million, Westpac Banking Corp. about A$1.5 million, while Commonwealth Bank of Australia and Australia & New Zealand Banking Group Ltd. have each pledged about A$1 million.

Read: Australia Braces to Relive ‘Hotter Than Hell’ Wildfire Nightmare

There’s a growing list of philanthropists and celebrities who have pitched in to help with the wildfire crisis that’s left at least 28 people dead, scorched a combined area more than twice the size of Switzerland and killed an estimated 1 billion native animals.

Mining billionaire Andrew Forrest’s Minderoo Foundation has pledged A$70 million, while the Paul Ramsay Foundation has contributed A$30 million. Billionaire James Packer and his casino company Crown Resorts Ltd. have donated a total of A$5 million. Celebrity pledges have come from stars such as Elton John, Chris Hemsworth, Bette Midler and Nicole Kidman.

To contact the reporter on this story: Harry Brumpton in Sydney at hbrumpton@bloomberg.net

To contact the editors responsible for this story: Fion Li at fli59@bloomberg.net, Edward Johnson

For more articles like this, please visit us at bloomberg.com

©2020 Bloomberg L.P.

AdChoices
AdChoices
image beaconimage beaconimage beacon