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14 July 2020 • By Sarah Simpkins • 1 min read

S&P downgrades AMP

S&P has lowered its ratings across two AMP group entities after the sale of the wealth giant’s life insurer was finalised. AMP noted the credit ...

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ME Bank chief steps down

The chief executive of an industry fund-owned bank has resigned after coming under scrutiny last month for his institution’s handling of changes to ...

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Westpac appoints new CFO

The bank has appointed a former ANZ executive and KPMG partner as its new CFO. Michael Rowland will step into the role of Westpac CFO, replacing ...

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Senator challenges APRA over super political donations

Liberal senator Andrew Bragg has called APRA’s response to Sunsuper’s payment to the Labor Party “troubling”, saying how political donations from the ...

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Auctus forms joint venture with US asset manager 

ASX-listed Auctus Investment Group has signed a joint venture with a US-based specialist student housing asset manager. The Australian investment ...

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New Mercer boss commences

Multinational investment group Mercer has seen a former Australian Unity wealth boss and chief investment officer start as its new Australian and ...

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COVID-19 recession on track for a quick recovery

China is leading the way to a COVID-19 recovery, which bodes well for metrics across the rest of the world. “China was the first country to emerge ...

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‘We are not out of the woods’

The IMF has warned that fiscal support will need to remain “supportive and flexible” until the economic recovery is assured despite massive levels of ...

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Corporate debt skyrockets

Corporate debt will soar by a record $1.45 trillion this year alone, and a looming deleveraging cycle may create a “once-in-a-decade event” for credit ...

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Local Government Super certified carbon-neutral

Local Government Super has achieved carbon-neutral status, becoming the fifth Australian super fund to hold the certification. The $11 billion fund ...

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