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22 September 2023 • By Jon Bragg • 1 min read

‘Massive turnaround’ as tax revenue drives $22bn budget surplus

The federal government is celebrating the first budget surplus in 15 years, but another surplus is not anticipated in the current financial year, ...

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Treasurer working through ‘handful of issues’ from RBA review

While the government has agreed in-principle with all of the RBA review’s recommendations, a number of issues still need to be ironed out

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NAB’s $2.1m fine seen as inadequate by judge

The penalty is unlikely to have any real impact on the bank’s future conduct, according to a Federal Court judge. A Federal Court judge who handed ...

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Big 4 bank to pay $2.1m penalty for overcharging customers

The Federal Court has found that the bank engaged in unconscionable conduct. On Friday, the Federal Court ordered NAB to pay a $2.1 million penalty ...

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State Street announces rebrand as new global HQ opens

The global financial services firm is entering a “new and exciting chapter”, according to its chairman and CEO. State Street Corporation has ...

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Finalists unveiled for Women in Finance Awards 2023

More than 240 women in the finance industry have qualified as finalists at this year’s Women in Finance Awards. Momentum Media – the parent company ...

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Rates to stay higher for longer as Fed mulls another hike

The US Federal Reserve has left interest rates on hold but, like other major global central banks, is leaving the door open to more hikes in the ...

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BetaShares adds 2 new US Treasury ETFs

The products are being launched amid strong investor demand for fixed income ETFs. With billions of dollars flowing into cash and fixed income ETFs ...

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Franking changes to impact SMSFs and retail investors

According to a portfolio manager at a boutique investment management firm, the government’s proposed changes to franking credits could have unintended ...

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Frydenberg named Goldman Sachs ANZ chair

The former treasurer is taking up a new role at the investment bank. Former federal treasurer Josh Frydenberg has been appointed as the new ...

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