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29 July 2019 • By Eliot Hastie • 1 min read

Reserve Bank changes ESA policy

The Reserve Bank has updated its Exchange Settlement Account policy in part due to the wider range of fintechs coming to market. The Reserve Bank ...

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deVere boss warns investors over Boris Johnson

Investors in UK financial assets need to be “aware and alert” as Boris Johnson pursues his agenda as Britain’s new Prime Minister, the CEO of one of ...

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Credit Suisse names new Australia CEO

Swiss investment banking heavyweight Credit Suisse has announced on Friday the appointment of its new CEO of Australia. Richard Gibb will lead the ...

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High-net-wealth investors unsophisticated in approach

A new report into the investing habits of high-net-wealth individuals has found that their portfolios are not very sophisticated. The inaugural ...

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Macquarie to dismantle asset finance business

Macquarie Group will be disbanding its Capital and Asset Finance (CAF) unit, dividing it between its other businesses. From 1 September, each of ...

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RBA prepared to cut rates further

Inflation targets have overtaken fears over high household debt as the Reserve Bank’s chief priority, clearing the way for more rate cuts

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IOOF FUMA up 19%

IOOF has posted a year-on-year increase of 18.7 per cent in its funds under management, advice and administration (FUMA) to $149.5 billion. The ...

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Saxo Bank cleared to acquire stockbroker

All regulatory clearances have been obtained to allow Saxo Bank to acquire an online stockbroking company for $677 million. The acquisition of ...

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ANZ sued for unconscionable conduct

ASIC has commenced proceedings in the Federal Court against ANZ over allegations relating to charging of fees for periodical payments. ASIC advised ...

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UniSuper hires MLC Life strategist

UniSuper has appointed a new chief strategy and marketing officer who joins from MLC Life Insurance where he played a lead role in the demerger from ...

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