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12 May 2023 • By Jon Bragg • 1 min read

Morningstar ANZ MD to depart, new country leader named

The firm has announced a number of key changes to its leadership team. The managing director of Morningstar Australia and New Zealand, Jamie ...

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US banks face new multibillion-dollar hit to bottom line

Banks benefiting from uninsured deposits could bear the burden of a new regulatory levy, set to deliver a two-year blow to earnings. The Federal ...

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AustralianSuper to refund $70m over multiple member accounts

Australia’s largest super fund says that it has now strengthened its processes for managing multiple members accounts after identifying areas for ...

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Opposition accuses Labor of fuelling inflation in ‘big spending’ budget

Opposition Leader Peter Dutton has claimed that inflation will remain higher for longer due to the Albanese government’s policies. Spending ...

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Melbourne man indicted on insider trading charges

The man has been indicted on two counts of insider trading. On Monday, the Australian Securities and Investments Commission (ASIC) announced that ...

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Airwallex swoops in as Amex bows out of Australian FX market

The fintech is looking to capitalise on a void in the foreign exchange services market off the back of American Express’ decision to cease operations ...

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Share market gains push Aussie ETFs to record FUM

The local ETF industry has had yet another record-setting month. The funds under management (FUM) of Australia’s ETF industry rose 2.4 per cent or ...

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Federated Hermes names APAC distribution lead

The investment manager has named a new distribution lead following an internal appointment. Federated Hermes has announced the appointment of Jim ...

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UBS, Credit Suisse to undergo major leadership restructure

As its planned acquisition of Credit Suisse approaches, UBS has announced a new operating model and leadership team. With the legal close of the ...

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US inflation still ‘hot’ but rate pause imminent

Cost pressures intensified over the past month in the United States, according to the latest data, but this won’t dissuade the Fed from halting its ...

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