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29 April 2020 • By Sarah Simpkins • 1 min read

UBS profit up 40% as trading spikes

UBS saw its profit surge by 40 per cent year-on-year during the first quarter, but the investment bank is bracing itself for hits from the coronavirus ...

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Investors snatch $11.8bn from Aus funds in virus frenzy

Calastone has revealed Australia’s managed funds copped their highest net outflows in March, with redemptions across the funds network totalling to ...

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Second wave isn’t priced in

Almost half of businesses have no contingency plans for the possibility of a second outbreak of coronavirus. Research and advisory firm Gartner has ...

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Collapse more rapid than Great Depression: Treasury

The economic impacts of the coronavirus shock are occurring faster than they did during the Great Depression, and Australia may not ever return to ...

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America has 3 months

American businesses can only survive the impacts of social distancing measures for another three months, with the economy unlikely to see a rapid ...

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‘Nothing short of a revolution’: BlackRock

The massive crisis response means that the coming recession probably won’t be a replay of 2008 – but the execution could be off. While even the ...

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NAB maintaining dividend is ‘illogical’, business expert says

The big four bank should not be paying dividends given the uncertain depth of the coronavirus crisis ahead, a business researcher has said, as ...

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Big four bank flags massive impairment charge

A big four bank has revealed that its first-half results will see it take a multibillion impairment charge. Westpac will take a $2.23 billion ...

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Big four to scramble for capital in coming years: Morningstar

Morningstar analysts have forecast that Australia’s major banks could each be in need of multibillion-dollar injections of capital in the years ...

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Future Fund sidesteps market massacre

Australia’s sovereign wealth fund has dodged the worst of the market volatility, crediting its performance to low illiquid exposures. While the ASX ...

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