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11 May 2023 • By Charbel Kadib • 1 min read

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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Alleged victims of IG Markets CFD products file class action

BigLaw firm Piper Alderman and litigation funder Omni Bridgeway have commenced proceedings on behalf of alleged victims who claim to have collectively ...

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‘Give me a banking crisis’: CEO loves market chaos

EXCLUSIVE The American CEO of an ASX-listed global equities fund says the Federal Reserve has created a banking crisis that is far from over

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AFCA appoints lead ombudsman for investments and advice

The Australian Financial Complaints Authority has announced a new appointment. Shail Singh has been named as the new lead ombudsman for investments ...

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Super industry reacts to Labor’s second budget

Tuesday’s budget has prompted parts of the super industry to call for further change. Labor’s second federal budget contained few surprises related ...

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Share buybacks surge to record $1.31tn

Global share buybacks have jumped to a new record high, almost matching dividend levels in 2022. According to the Janus Henderson Global Dividend ...

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