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02 November 2020 • By Lachlan Maddock • 1 min read

Westpac prepares for long-haul turnaround amid profit plunge

Westpac has paid its long-suffering shareholders a reduced dividend but is now looking to cut costs and simplify the bank’s business as profits drop ...

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Westpac profit plummets

Westpac has seen its profits tumble a whopping 62 per cent off the back of loan deferrals and the AUSTRAC matter, but will pay a dividend

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Janus Henderson records revenue lift with market bounce

Janus Henderson Group recorded an 8 per cent rise in revenue year-on-year for the September quarter, as positive market movements boosted its assets ...

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Expect turbulence around US election: Magellan chair 

Magellan co-founder and chair Hamish Douglass has outlined areas of focus for investors as the US election creeps closer, warning there are likely to ...

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Battered AMP fields takeover bid

AMP may have delivered an eleventh-hour turnaround with the revelation that US private equity giant Ares is looking to buy 100 per cent of its ...

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Challenger cops shareholder strike

Shareholders grilled the annuities and investment group on its choice to pay executives short-term bonuses after a deteriorated performance through ...

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Westpac settles US class actions

The big four bank has signed agreements to settle two class actions against it in the US, in relation to trading activity and the AUSTRAC fallout

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Investors need to forget election ‘fireworks and noise’

As the US election cycle draws to its close, investors must avoid getting distracted by the bluster around the result. A decisive Biden victory is ...

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ANZ ‘didn’t put its hand out’ for capital: Elliott

ANZ’s cash profit was down 42 per cent for the full year, but chief executive Shayne Elliott says there are plenty of reasons to be optimistic while ...

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ANZ reports massive profit drop

The bank’s cash profit was down 42 per cent for the full year off the back of multibillion-dollar credit impairments. ANZ’s cash profit was $3.76 ...

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