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03 April 2023 • By Maja Garaca Djurdjevic • 1 min read

AMP receives first strike on executive bonuses, share price slump

AMP has received its first strike on the adoption of its 2022 remuneration report. Just under 50 per cent of AMP’s shareholders voted against the ...

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Feedback sought on proposed 30% tax on super balances over $3m

The Albanese government’s plan to reduce tax concessions available to individuals with super balances above $3 million is now up for consultation

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‘No price’ at which bitcoin is a sensible investment, says ART chief economist

Brian Parker considers the cryptocurrency to be a “punt” rather than an investment. Australian Retirement Trust (ART) chief economist Brian Parker ...

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Cbus CEO to retire

Mr Arter is departing as chief executive officer as the fund moves into the next stage of its growth plan. Cbus chief executive Justin Arter has ...

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Treasurer’s ‘initial’ response to RBA review due in April

Treasurer Chalmers’ initial views on the Reserve Bank review should be known by budget. The findings of the wide-ranging review into the Reserve ...

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Banks face ‘fierce’ competition, higher funding costs

Australia’s banks have been downgraded, with a slew of market headwinds threatening to squeeze margins.  Financial services giant UBS has ...

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Senator Bragg says Labor is ‘failing’ on crypto regulation

Liberal Senator Andrew Bragg has introduced a bill to regulate the crypto sector. Australia is losing the global race when it comes to regulating ...

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CBA revises rate call, tips RBA pause

The major bank has joined a number of its peers in projecting a pause to the Reserve Bank’s tightening cycle.   The Commonwealth Bank of Australia ...

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Credit Suisse axes AGM proposals ahead of new-look UBS takeover

Withholding dividend and executive bonuses are among key AGM proposals withdrawn by the embattled investment bank ahead of its imminent acquisition by ...

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​​Former UBS CEO returns to guide Credit Suisse integration

Sergio Ermotti, who served as UBS CEO between 2011 and 2020, will return to the role from next month. In light of its planned acquisition of Credit ...

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