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28 June 2022 • By Jon Bragg • 1 min read

‘Less wealthy clients are undervalued and underinvested’, report finds

These client segments are estimated to represent a potential $332 billion revenue pool worldwide. Wealth managers may be leaving money on the table ...

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Suncorp confirms ‘review’ of banking operations

The group has confirmed that it is currently reviewing “strategic alternatives” for its banking operations, following media reports that it is ...

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Dye & Durham lowers takeover bid for Link

Due to competition concerns and the current state of financial markets, Canada’s Dye & Durham has now proposed a lower offer price

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Magellan completes Guzman y Gomez sale

The fund manager has offloaded its 11.6 per cent stake in the Mexican fast food chain. Magellan Financial Group has completed the sale of its 11.6 ...

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ANZ-issued stablecoin used to purchase tokenised carbon credits

The A$DC stablecoin was used to buy BCAU carbon tokens from Zerocap in a ‘milestone’ transaction. A$DC, the ANZ-issued stablecoin pegged to the ...

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Aussie financial assets down 3.6%

Superannuation is the asset class with the biggest loss to date in 2022. The average Australian’s financial assets have contracted 3.6 per cent ...

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Investment industry subject to additional ESG scrutiny on the road to COP27

The next UN Climate Change Conference is due to be held in Egypt in November. The investment industry is expected to face further scrutiny ...

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Rate forecasts contract following Lowe's recession remarks

An economist has advised caution when interpreting Governor Lowe’s dismissal of the risk of a recession. Money market expectations for the Reserve ...

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'Inflation will get worse before it gets better', Treasurer says

Treasurer Jim Chalmers has insisted that inflation will get worse before it gets better, warning of “significantly higher” inflation to come this year

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Qantas reduces debt, offers $5k bonus to employees

The airline’s net debt has fallen by around $1.5 billion in the past six months. Qantas Group’s net debt is expected to fall to around $4 billion ...

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