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15 April 2020 • By Lachlan Maddock • 1 min read

Pandemic gouges world’s biggest banks

The world’s largest banks have posted multibillion-dollar losses in what will come as a reality check for markets ahead of reporting season

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Former Treasury secretary dies, aged 79

Former Treasury secretary Ted Evans has been remembered as a highly respected economist after he died, aged 79, on Saturday morning. Mr Evans was ...

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OPEC ends price war

OPEC has agreed to production cuts that will put an end to the bitter price war that has wracked the global economy for weeks. The price war began ...

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Unemployment soars as virus pummels economy

Unemployment will rise steeply while the number of Australians seeking early access to their superannuation has nearly doubled. While the federal ...

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Westpac braces for billion-dollar hit

Australia’s most troubled bank is still counting the costs of the royal commission and regulatory enforcement, and the worst could be yet to come

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Boutique fundie cuts staff pay amid virus volatility

A boutique fund manager has slashed its employees’ pay after assessing its operation amid the COVID-19 pandemic, with its chief’s salary to be docked ...

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Consumers looking to financial providers for support amid crisis

Almost two-thirds of consumers have said that the COVID-19 crisis has already directly impacted their financial position, according to a new study, ...

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Global trade takes monster hit

Global trade has fallen more than 4 per cent this quarter and is set to extend that loss as the coronavirus ravages supply chains. Businesses with ...

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Dividend expectations ‘too high’

Dividend expectations will be subject to “significant” downgrades as the reality of the coronavirus crisis hits home.          Dividend cuts or ...

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Coronavirus fallout drags big four ratings

Fitch Ratings has downgraded its long-term ratings of the big four banks and their New Zealand subsidiaries, with the agency anticipating they’ll be ...

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