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03 June 2020 • By • 1 min read

Shareholders rush to Iress after OneVue deal

A major wealth technology provider has completed its institutional share placement just one day after it was announced and will now extend the offer ...

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FSC proposes early super top-ups, infrastructure boon for recovery

The Financial Services Council has called for the government to tap into the $1.7 trillion in SMSF and retail super funds to put towards building ...

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Regulators frisking ME Bank after redraw bungle

ASIC has blasted how industry fund-owned ME Bank handled its controversial redraw changes, with the regulator alongside APRA indicating they are ...

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Government confirms first recession in 29 years

The government has confirmed Australia will enter recession for the first time in almost three decades, with the economy contracting in the first ...

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PhillipCapital exits Aus retail advice

The Australian arm of Asian brokerage firm PhillipCapital Group has sold its private wealth business to Sequoia Wealth Management, ending its ...

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Clime secures Madison

Clime Investment Management has signed off on a purchase of a number of brands previously held by embattled fintech Sargon Capital, including advice ...

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Big banks join forces on climate risk

Australia’s largest financial institutions have joined forces to develop key climate risk modelling standards. NAB, Westpac, CBA have come together ...

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Could rates go negative?

The RBA has ruled out the use of negative rates – but is that premature? While rates are on hold for now – and aren’t expected to rise for years to ...

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RBA makes rate decision

The RBA has made its latest cash rate call as Australia sets out on the path to recovery. The RBA has left rates on hold at 0.25 per cent. “The ...

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Home of the broke?

New analysis shows the US will be dealing with the economic fallout of COVID-19 for at least a decade. The Congressional Budget Office (CBO) ...

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