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27 March 2019 • By Sarah Simpkins • 1 min read

MS&AD deepens Challenger hold

Japanese insurer MS&AD Insurance Group has indicated it is aiming to take a larger stake in Challenger, with plans to gain a seat on the ...

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Westpac remediation costs only a temporary damper

Although Westpac Banking Corporation had said further remediation costs would see its cash earnings reduced by $260 million for the first half of the ...

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$35m war chest to fight corporate crime

The government has announced that the jurisdiction of the Federal Court of Australia will expand to include corporate crime, with the coalition ...

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NAB ends ‘Introducer’ payments program

The National Australia Bank has announced an end to its ‘Introducer’ payments program to take effect in October 2019.  The Introducer program was ...

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Westpac to take $260m hit to first-half profits

Westpac has revealed that its cash earnings in the first half 2019 will be reduced by an estimated $260 million due to the cost of its customer ...

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APRA updates information security guidance

APRA has released for consultation its updated guidelines on protecting against the rise in information security risks, including cybercrime

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KKR-backed lender pulls out of mortgages 

A local mortgage lender specialising in non-residents is being wound down and will not proceed with any loan applications lodged after 18 March

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Perpetual launches new credit income trust

Perpetual has opened its initial public offering for its Perpetual Credit Income Trust, with it saying the indicative bids have already surpassed its ...

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Rest chooses new executive leaders

Superannuation fund Rest has appointed two group executives to manage its new member engagement, and product and operations divisions. Tyrell ...

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Westpac should ‘expect ongoing challenges’: Morgan Stanley

Westpac Group’s wealth revenues will fall by around $300 million over the next two years, according to Morgan Stanley, following the bank’s ...

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