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01 May 2020 • By Lachlan Maddock • 1 min read

US GDP drops to decade low

US GDP fell by almost 5 per cent in the worst slide since the GFC, but the worst is yet to come. GDP fell 4.8 per cent as nationwide lockdowns saw ...

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Study finds greater demand for annuities than expected

Research has found there would be greater demand for annuities from customers than previously believed by industry and government professionals

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Macquarie, Westpac, AMP hold highest paid ASX directors

Financial services giants Macquarie, Westpac and AMP have all been named among the companies employing Australia’s highest remunerated board directors

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Big four could lose $30bn

The “team Australia” mantra could see loan deferral payments for businesses and mortgagees take billions off the banks’ bottom line

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As countries reopen, risks remain

The global recovery is now underway, but a number of key risks threaten to derail it. While suppression and social distancing measures have been a ...

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ANZ takes billion-dollar hit

The bank’s profits fell more than 50 per cent off the back of COVID-19, and it will defer its dividend decision until there is “greater clarity” on ...

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ESG front of mind

The “collective wake-up call” of COVID-19 is seeing ESG go mainstream, with retail and institutional investors alike turning towards more responsible ...

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Westpac not out of the woods

Despite provisioning for potential loan losses, the bank could still take massive hits as a result of enforcement and the worsening economic outlook

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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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