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12 August 2019 • By Eliot Hastie • 1 min read

AMP completes ambitious capital raise

AMP Limited has announced the completion of its million dollar capital raising program that will help fund its new strategy.  On Thursday 8 August, ...

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AMP announces $660m capital raise

The wealth giant has announced that it will fundamentally transform its business in the wake of a difficult first half of the financial year

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BlackRock lost $132.8bn backing fossil fuels

BlackRock’s investments in fossil fuels has been estimated to have lost investors $132.8 billion (US$90 billion) over the last decade, according to a ...

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CBA on track to meet prudential inquiry requirements

The fourth report into Commonwealth Bank’s remedial action plan following APRA’s prudential inquiry shows that the bank has made solid progress

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Industry needs to restore self-regulation: APRA

APRA chairman Wayne Byres has blamed weak self-policing in finance services for the need for heightened formal regulation, in response to complaints ...

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Aberdeen Standard launches EM debt fund

Aberdeen Standard Investments is set to launch a new emerging market local currency debt fund to give Australian investors exposure to a meaningful ...

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Companies inaccurately assessing asset values: ASIC

A number of companies have continued to make “unrealistic and unsupportable” assumptions about future cash flows, according to ASIC’s review of 125 ...

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APRA fines Westpac for failing to meet reporting requirements

APRA has fined Westpac and two of its subsidiaries for failing to meet their legal obligations to report data to APRA.  Westpac, along with St ...

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New lead for group insurance at MLC Life

MLC Life Insurance has reinforced its focus on growing its business with the appointment of Sean Williamson as executive lead of new business for ...

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New CEO appointed at Xplore Wealth

Xplore Wealth has embarked on a new stage of growth and development with the appointment of Michael Wright as chief executive. Mr Wright joins the ...

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