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19 September 2014 • By Tim Stewart • 1 min read

Major banks ‘embracing’ wealth divisions

The big four banks are beginning to “fully embrace” their respective wealth businesses after initially “holding them up on a pedestal”, says NAB ...

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ASX set to take major stake in Yieldbroker

The ASX has made a binding proposal to the shareholders of interest rate exchange provider Yieldbroker to acquire a 49 per cent stake in the company ...

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ASIC updates AFS licensee obligations

Following a consultation process with industry, ASIC has updated the record keeping obligations required by Australian financial services licensees

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Super funds up 2.2 per cent in 2014/2015

Super funds began the new financial year on a positive note, with the median growth fund up 2.2 per cent across the months of July and August, ...

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ASIC fines Forex CFD provider

The corporate regulator has issued two infringement notices to Australian financial services licence holder Invast Financial Services for making ...

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Renminbi will recover: AllianceBernstein

The recent depreciation of the Chinese renminbi (RMB) is a finite event rather than a broad trend, with the currency more likely to recover than ...

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van Eyk up for sale

The recently-appointed administrator of van Eyk Research is seeking expressions of interest for the purchase of the business and its associated assets

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Trustees missing a trick on APRA reporting

A vast majority of superannuation funds are failing to re-use their APRA reporting data internally, a new survey has found. Bridge Business ...

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Macquarie not globally competitive: Morningstar

Macquarie’s “unsatisfactory” return on equity has left it with “no real competitive advantages” over its global investment banking peers, claims a new ...

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FSC calls for legacy product reform

The Financial Services Council (FSC) has called on the government to reform regulation around product rationalisation, labelling the current $22

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