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06 May 2020 • By Sarah Simpkins • 1 min read

Clearing house pleads guilty to mishandling client money

The company is the first in Australia to face criminal prosecution and plead guilty to breaching client money provisions. Pershing Securities ...

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Squeezed dividends could diminish ASX returns

Retirees, companies and investment managers alike are expected to be hit by capital retention policies alongside lower earnings across sectors, with ...

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New retail investors flood market despite ‘dangerous’ conditions

The corporate watchdog has expressed concern that retail investors could be playing with fire as the number of newcomers entering the market during ...

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Aberdeen Standard Investments strengthens institutional sales team

Aberdeen Standard Investments has strengthened its distribution team with the appointment of a new institutional director. Vishal Sharma will ...

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RBA announces policy decision

The RBA has announced its latest decision on monetary policy as economic uncertainty becomes the new normal. The RBA held interest rates at 0.25 ...

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The stimulus is a stay of execution

Australia is losing billions every week to COVID-19. But do the government’s stimulus measures go far enough? Treasurer Josh Frydenberg has ...

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Big four haven’t seen the worst

Australia’s big four banks have had a savage results season. But as they struggle to turn their royal commission reputations around, the worst could ...

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Embattled fintech finds buyer for super entities

A newly formed entity has purchased a number of superannuation entities from the embattled fintech. Pacific Infrastructure Partners – a new entity ...

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US debt explodes

The US will take on trillions in debt to subsidise its stimulus packages in the worst blowout since the GFC. The US Treasury will borrow US$2.999 ...

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CBA to temporarily shutter 115 branches

Commonwealth Bank has indicated it will be temporarily closing up shop across 115 branches, with 500 staff to be moved across to the major’s bank’s ...

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