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16 February 2023 • By Jon Bragg • 1 min read

Westpac backflips on regional branch closures

The big four bank has confirmed it will pause closures in regional areas in line with a request from the Senate committee on rural and regional ...

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To avoid a recession, RBA will need to cut rates in 2023, CBA says

CBA has predicted rate cuts by the end of 2023. CBA’s economic analysis, released with the bank’s half-year results this week, assessed that ...

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‘Good news’ for the RBA as jobless rate rises above forecasts

The ABS has released its latest labour force data covering the first month of 2023. The Australian Bureau of Statistics (ABS) has reported that ...

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ASX’s profit plummets on CHESS derecognition charge

The market operator has released its half-year results and provided an update on the troubled CHESS replacement project. ASX has reported a ...

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NAB benefits from higher interest rate environment, reports higher revenue and profit

The bank has released its first quarter trading update. NAB has reported unaudited cash earnings of $2.15 billion for the December quarter, an ...

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Profit, FUM tank at Magellan

Magellan wrapped up a tumultuous half year with a 52 per cent drop in average funds under management.  In an ASX listing on Thursday, Magellan ...

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AvSuper finds new merger partner

The move comes after the merger between the aviation industry super fund and Commonwealth Superannuation Corporation was called off. AvSuper and ...

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AMP reports drop in underlying net profit

AMP says the transformation of its advice business continues to progress. AMP reported an underlying net profit after tax (NPAT) of $184 million ...

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AvSuper and Commonwealth Superannuation Corporation call off merger

AvSuper and Commonwealth Superannuation Corporation have called off their merger. Following a six-month due diligence period, AvSuper and the ...

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‘It’s not just me’: Lowe responds to rate policy backlash

The governor has hit back at criticism over his leadership of the Reserve Bank and defended the monetary policy board’s tightening strategy

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