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09 May 2018 • By Jessica Yun • 1 min read

'Centralised' institutions safe from blockchain

Companies benefiting from high switching costs, scalability and a network effect may be better protected from the threat of disruption that blockchain ...

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Westpac CEO commits to BT

Westpac chief executive Brian Hartzer says the bank has no plans to sell its wealth management business despite the high profile exits of ANZ and ...

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Investors turning to active management

Current market conditions have professional fund buyers feeling on edge and they’re turning to active management as a result, according to Natixis ...

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Aoris funds added to investment platforms

Aoris Investment Management’s international fund and SMA portfolios have been added to Praemium, Powerwrap and OneVue as a new head of distribution ...

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Minor changes to super in 2018 budget

The 2018 federal budget contains a series of measures aimed at 'protecting' superannuation including the removal of default insurance for under-25s ...

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Three AMP directors resign ahead of AGM

Two directors of AMP have preemptively resigned after it became apparent they would not be re-elected at the company’s AGM on Thursday, while a third ...

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'Transformation' dragging down bank profits

The aggregate cash profit of the major banks fell by 2 per cent during the 2018 half year, reflecting the societal, regulatory and technological ...

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First restricted ADI licence granted

APRA has released its first restricted ADI licence to digital bank 'volt bank', which will be led by former Barclays UK head of mortgages Steve Weston

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BT cash earnings up 7% for half-year

BT Financial Group contributed $404 million in cash earnings to Westpac's result for the half-year despite lower advice revenue. BT's contribution ...

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Westpac posts $4.2bn first-half profit

Westpac has announced a statutory net profit of $4.2 billion for the six months to 31 March, up 7 per cent on the prior corresponding period. Cash ...

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