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03 July 2018 • By Jessica Yun • 1 min read

Digital bank to be launched by banking veterans

Banking veterans from Westpac, CBA, ANZ and Australian Unity are at the helm of new Cuscal-backed digital bank ‘86 400’ set to soft launch at the end ...

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CBA completes NZ life insurance divestment

The Commonwealth Bank has completed the divestment of its New Zealand life insurance business, Sovereign, to AIA. On 21 September 2017, CBA ...

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IOOF releases managed accounts on platform

IOOF has announced the launch of its managed discretionary account on the IOOF Pursuit platform. In a statement, IOOF said its managed ...

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ASIC accepts EU from Goldman Sachs Australia

The corporate regulator has accepted an enforceable undertaking from Goldman Sachs (GS) Australia in order to revamp controls regarding bookbuild ...

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CBA facing institutional shareholder class action

CBA has announced it will defend a second class action over its failure to properly disclose AUSTRAC allegations, this time brought by institutional ...

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Asset managers taking research in-house

As much as 90 per cent of institutional research is being conducted in-house, with reliance on investment banks falling rapidly, according to new ...

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APRA warns funds about cash options

The prudential regulator has issued a warning to super funds about offering cash options with underlying investments that are not ‘cash-like’ in ...

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EM could be ‘collateral damage’ in trade war

The existence of regional supply chains could mean emerging markets, not just China, will bear the brunt of any future US tariffs, says Principal ...

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ARCO added to Netwealth and Hub24

ARCO Investment Management is continuing to ramp up its retail presence with the addition of its absolute return fund to the Netwealth and Hub24 ...

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ASIC enters EU with Dover director

The corporate regulator has formally announced it will cancel the AFSL of Dover Financial Advisers after accepting an enforceable undertaking from its ...

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