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09 November 2020 • By Sarah Simpkins • 1 min read

Former UBS exec, billionaire launch fixed-income firm

Former UBS executive Christian Baylis has teamed up with billionaire investor Alex Waislitz and platform provider Cashwerkz to launch a new funds ...

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‘Seismic reallocation of capital’ on the way: Fink

Larry Fink believes the sweeping structural changes he foresaw when BlackRock went green are now coming to pass. Speaking to the Financial Services ...

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FY21 profitability uncertain for Macquarie 

Macquarie Bank has braced itself for dicey conditions in the ongoing COVID crisis, with its full-year outlook up in the air, after its profit for the ...

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Corporates expected to prioritise social issues post-COVID

The majority of analysts have tipped there will be a higher focus on social issues in the recovery from the COVID-19 economic and health crisis, as ...

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Recovery ‘could falter’ without more stimulus: Treasury boss

The government might have to spend more – and more often – if it wants Australia to recover, according to Treasury boss Steven Kennedy

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Investors urge US to re-sign Paris Agreement

Major investor representative groups have called on the US to rejoin the Paris Agreement, following the country’s formal withdrawal from the global ...

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Big four are ‘bracing for impact’: EY

The big four are facing significant pressure on earnings in the years ahead as record-low interest rates and loan deferrals bite into their bottom ...

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MLC generates $1.1bn loss

MLC Wealth produced a $1.1 billion net loss for parent company NAB during the full year, with the big four bank preparing to cast off the business in ...

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NAB sees 37% cash earnings hit

The big four bank recorded $3.7 billion in cash earnings for the full year, a drop of 36.6 per cent year on year as it trekked through COVID-related ...

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Pendal looks to ESG for growth

Despite COVID dragging its profit and funds under management (FUM), Pendal Group is targeting a 50 per cent surge in FUM over the next five years, ...

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