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02 June 2020 • By Lachlan Maddock • 1 min read

Big banks join forces on climate risk

Australia’s largest financial institutions have joined forces to develop key climate risk modelling standards. NAB, Westpac, CBA have come together ...

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Home of the broke?

New analysis shows the US will be dealing with the economic fallout of COVID-19 for at least a decade. The Congressional Budget Office (CBO) ...

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MP demands ME Bank back before parliamentary committee

Liberal MP Tim Wilson has called for industry super fund-owned ME Bank and the financial regulators to appear for a parliamentary hearing, after ASIC ...

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Experts tip economy won’t fully rebound until 2022

Around 85 per cent of experts and economists have forecast the global economy will not be fully recuperated for at least two years, according to a new ...

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JP Morgan partners with Calastone

JP Morgan Asset Management has signed on to a new service from global funds network Calastone, introducing automated settlements to its Morgan Money ...

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Bendigo provisions $143m

The bank has taken a grim outlook on the COVID-19 crisis and has provisioned for downside economic scenarios. Bendigo and Adelaide Bank has ...

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MLC unveils new advice business

MLC has announced a new licensee network for self-employed advisers and advice businesses as it attempts to create a “more focused and sustainable” ...

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Franklin Templeton sacks employee over video scandal

The investment company said it has terminated a worker’s employment after a video of her calling the police during an encounter with a black man went ...

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Virus freezes roughly $7.5bn in private capital investment

A survey of the private capital sector has revealed that up to $7.5 billion in new investment activity has been put on ice as a direct result of the ...

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NAB extends raise to $1.25bn

NAB has decided to more than double its latest raising after a reported flood of interest from retail investors, with the bank now pushing for an ...

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