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25 July 2019 • By Eliot Hastie • 1 min read

APRA puts Macquarie and HSBC on notice

APRA has put several ADIs on notice for breaching the prudential liquidity standard including Macquarie and HSBC. Following a review of funding ...

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Super bill to harm vulnerable members: AIA

Life insurance specialist AIA Australia has called on the government to reconsider new superannuation legislation, expressing concerns that younger ...

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Big tech bigger threat to incumbents than neobanks

A new report has found that banks view big tech firms like Facebook and Apple as a bigger threat to the banking system than neobanks. An in-depth ...

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Micro-investing app launched by CBA

Commonwealth Bank has launched a micro-investing app through its digital broking platform CommSec to offer ETF access to Australians. CommSec ...

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Why Aussie financial firms are becoming uninsurable

Spend a few hours on the Lloyd’s of London trading floor and you’ll see what impact the royal commission and consequent class actions is having on ...

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Boris Johnson to be an ‘impotent Prime Minister’

Overnight the ruling government in the UK confirmed Boris Johnson as the new leader of the Conservative Party and will now take over the role of prime ...

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APRA targets executive remuneration

Executives who achieve their remuneration by focusing on short-term financial gains and not on customer outcomes will no longer receive massive ...

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Qld bank expands interstate

Queensland-based Heritage Bank has defied an industry trend to close physical shopfronts, instead expanding interstate for the first time with two new ...

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‘No areas in need of urgent work’: AustralianSuper

AustralianSuper has released their self-assessment and has found that while work is required across the organisation no areas are in need of urgent ...

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BlackRock revenue slips, technology spikes

While BlackRock’s revenue slipped by 2 per cent year-on-year in the quarter ending 30 June, its technology services segment saw a growth spurt, ...

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