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25 November 2019 • By Sarah Simpkins • 1 min read

IOOF yet to cough up remediation

IOOF chief Renato Mota has disclosed the wealth giant is yet to start paying an estimated $183 million in remediation to its customers

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Westpac banks most wealthy customers out of big 4

New data has shown Westpac has the largest proportion of high-net-worth individuals (HNWs) out of the four major banks, with 35.6 per cent of its ...

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Westpac: Indifferent or incompetent?

Westpac can’t pretend this is business as usual. AUSTRAC is taking the bank to court for over 23 million alleged contraventions of money laundering ...

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NAB cops $49.5m class action settlement

NAB has settled a class action brought against it for its consumer credit insurance sales, agreeing to cough up $49.5 million. Law firm Slater and ...

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Can ScoMo have his surplus and spend it too?

Prime Minister Scott Morrison has brought forward infrastructure spending but refuses to open the fiscal floodgates. The delivery of a budget ...

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KKR LIT begins trading on ASX after $925m raise

A listed investment trust that provides access to KKR’s global credit income capabilities has commenced trading on the ASX. The listing follows the ...

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Finance retains highest gender pay gap

Financial and insurance services has remained the sector with the highest total remuneration gender pay gap at 29.3 per cent, according to new data ...

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ANZ disregards coal divestment goals

ANZ chief Shayne Elliott has said the bank does not have a set timeline to exit thermal coal, expecting it will naturally decrease its exposure over ...

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Utilities ‘underappreciated’: T. Rowe Price

Utilities could offer a safe harbour as global finance heads into a rocky 2020, according to a report from T. Rowe Price. “Utilities offer the best ...

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Saudi Aramco IPO goes up in flames

It’s bad times for Saudi Aramco as investors desert its IPO in droves. What was meant to be a decisive victory for Saudi Aramco (SA) has quickly ...

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