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05 November 2019 • By Lachlan Maddock • 1 min read

Westpac announces capital raise as profits slide

Westpac cash profits have fallen and the bank will cut its second-half dividend to 80 cents after a “challenging year” that saw its bottom line ...

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More rate cuts tipped for 2020: Finder

Two-thirds of experts and economists predict a cut at the Reserve Bank’s first meeting in 2020, but many believe that conventional monetary policy is ...

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Statement of agreed facts filed in NAB case

A statement of agreed facts and admissions has been filed in the Federal Court by ASIC, MLC Nominees and NULIS. The statement sets out facts that ...

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Super gender equality on the horizon

The gender split in superannuation has fallen to a historic low, with women holding the potential to reach the same retirement savings balances as ...

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November rate cut unlikely

A rate cut in November is less likely following the release of CPI data, but quantitative easing remains an option for the RBA. The Australian ...

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Aussie finance vulnerable to cyber-attack

Australian financial institutions are at greater risk of cyber attack than ever before due to their lucrative nature and outdated IT systems

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CBA completes CommInsure exit

The Commonwealth Bank of Australia has completed the sale its life insurance business CommInsure Life to insurer AIA Australia. The move comes ...

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Macquarie profits down 13% in second half

Macquarie Group has posted a net profit after tax of $1.5 billion for the half year ended 30 September, down 13 per cent on the half year ended 31 ...

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ANZ profit flatlines, warns more challenges ahead

ANZ produced a profit of $6.47 billion for the full year, staying flat year-on-year, with chief executive Shayne Elliott citing low rates, increased ...

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Retail sales lowest in 15 years: Challenger

Industry sales by Challenger’s retail distribution partners are the lowest they have been in 15 years, due to a wave of fluctuation through the ...

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