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07 May 2019 • By Sarah Simpkins • 1 min read

Wealth remediation, restructure costing Westpac $620m

Westpac saw its profit sink by 19 per cent for 1H19, with the group taking a blow from its wealth division’s remediation costs of $484 million and ...

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IRESS reaps post-RC benefits

Financial technology provider IRESS has reported a rise in business opportunities within the wealth sector post-royal commission. At the company’s ...

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M&A firm doubles down on Labor victory

Melbourne-based boutique advisory firm, Nash Advisory, is scaling up its operations in anticipation of an upsurge in merger and acquisitions in key ...

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RBA to cut rates by 100bps, starting today: Franklin Templeton

Franklin Templeton’s director of Australia fixed income believes the Reserve Bank will be hard pressed not to reduce the cash rate by up to 100 basis ...

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Have property prices bottomed out?

CoreLogic’s Tim Lawless says that the housing market may have moved through the worst of the downturn. While dwelling values continued on their ...

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Janus Henderson outflows continue to disappoint 

It seems the merger between fund manager Henderson Group and Janus Capital has so far failed to overcome the challenges that the two firms have in ...

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Union cries foul on Bankwest backpay

Bankwest staff have complained to the Finance Sector Union (FSU) that the Commonwealth Bank subsidiary has failed to inform them of how their backpay ...

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RBA, APRA consider alternative to rate cut

Fund manager Christopher Joye says he has it on good authority that the RBA, APRA and the banking industry are considering reducing mortgage buffers ...

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Macquarie wealth slips, capital and commodities surge

While Macquarie Group saw its wealth management income drop by $18 million, its capital and commodities businesses soared during FY19. Macquarie ...

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Clear skies ahead for major bank remediation program 

Morningstar is confident that the worst of ANZ’s remediation woes are behind it, while NAB’s costs could blow out to 2020. In his latest analysis ...

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