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30 October 2020 • By Sarah Simpkins • 1 min read

CBA penalised over increased credit for problem gambler

The Federal Court has ordered CBA to pay a penalty after it deemed the bank breached its responsible lending duties when it approved a credit card ...

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US asset manager makes bid for AMP

The wealth giant has revealed a US-based alternative investment manager has made an offer to acquire 100 per cent of its shares. In a statement to ...

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APRA to clamp down on super spending

The deputy chair of APRA has told a parliamentary committee that the regulator will be pressing super funds with more scrutiny around advertising and ...

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Challenger cops shareholder strike

Shareholders grilled the annuities and investment group on its choice to pay executives short-term bonuses after a deteriorated performance through ...

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Bell Direct boosts high-value client desk

Online trading platform Bell Direct has nabbed two “high-calibre” talents from CommSec One as it looks to expand its own high-value client offering

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T. Rowe Price backs Aussie intermediary with key appointment

Global investment firm T. Rowe Price has strengthened its adviser servicing capabilities across Victoria and Tasmania with the appointment of a new ...

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Westpac settles US class actions

The big four bank has signed agreements to settle two class actions against it in the US, in relation to trading activity and the AUSTRAC fallout

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Investors need to forget election ‘fireworks and noise’

As the US election cycle draws to its close, investors must avoid getting distracted by the bluster around the result. A decisive Biden victory is ...

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IOOF appoints transformation chief for MLC acquisition

IOOF boss Renato Mota has chosen an executive to lead the group’s integration of the ANZ and NAB wealth businesses, as the company steers towards a ...

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No ‘magic’ wage rise from SG cut: ISA

Freezing the SG increase won’t lead to higher wages, according to Industry Super Australia (ISA). The possibility that the legislated SG increase ...

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