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22 July 2020 • By Sarah Simpkins • 1 min read

APRA to issue new dividend directions for banks

APRA is set to update its guidance asking the banks to freeze dividends next week, with the regulator’s chair stating his body will be acting to avoid ...

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ASIC concedes to Westpac responsible lending ruling

ASIC has indicated it will not appeal to the High Court on the infamous “red wine and Wagyu steak” responsible lending case against Westpac, after it ...

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240,000 businesses to collapse

Economists are warning that 10 per cent of Australian businesses face financial ruin as JobKeeper and loan deferrals end in September. Analysis by ...

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IPOs halve amid COVID meltdown

The number of Australian initial public offerings in the first half of 2020 halved year-on-year, according to a new report, with a number of companies ...

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Government needs to think bigger if it wants super investment

HESTA has warned that the government’s climate plans will need to be more ambitious if it wants super funds to bring their investments home

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Nuveen recruits instos for impact fund

A global investment manager with over US$1 trillion in AUM has secured $150 million in commitments from institutional investors towards its first ...

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AMP Capital announces major executive reshuffle

AMP Capital has announced a number of changes to its leadership team, including the appointment of a new CFO and the departure of several key ...

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UBS profit up 12%

UBS saw its net profit rise by 12 per cent year-on-year in the first half of 2020, with its asset management and investment banking businesses ...

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Xinja to launch trading platform

The neobank is set to launch a US share trading platform for Australian investors. Subject to regulatory approval, Xinja Bank has plans to offer ...

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Morningstar appoints ESG research head

The appointment is part of the researcher’s push into ESG following its acquisition of research and ratings firm Sustainalytics. Hortense Bioy will ...

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